All Forum Posts by: Roshan K.

The calculators are amazing. I use them all the time when running deals. Ran them at least 50 times when I was doing my deal analyses

Assuming you are following the 1% rule, and you are putting down 20% for down payment this just becomes a math problem. Let's also assume you are getting 10% cash on cash on your investments.

50,000 down means 250,000 invested. 250,000 invested means 2,500 a month in gross rents. 

At 10% CoC, you are getting $5000 a year in income.

Through the magic of fractions, multiplication and math, we can now find out that you must invest 1,000,000 to reach your goal of 100,000 in passive income.

The process to investing 1,000,000 is much easier if you use the profits from the previous investment added to your 50K to invest yearly.

For example:

Yr 1: $50,000 invested                                                                    Total: $50,000

Yr 2: $55,000 invested ($5000 from profits last year)               Total: $105,000

Yr 3: $60,500 invested ($10,500 from profits last year)            Total: $161,000

Yr 4: $66,100 invested                                                                    Total: $227,100

Yr 5: $72,900 invested (let's add $200 more to make it easy) Total: $300,000

Yr 6: $80,000 invested                                                                    Total: $380,000

Yr 7: $88,000 invested                                                                    Total: $468,000

Yr 8: $97,000 invested                                                                    Total: $565,000

Yr 9: $107,000 invested                                                                  Total: $672,000

Yr 10: $117,000 invested                                                                Total: $789,000

Yr 11: $129,000 invested                                                                Total: $918,000

Yr 12: $142,000 invested                                                                Total: $1,060,000

Yr 13: $0 invested 10% CoC returns annually : $106,000

In this model, it will take 12 years of reinvesting all your profits and 50K a year to get to $106,000 annual passive income.

You can accelerate this by taking advantage of tax benefits, BRRR strategies, and living below your means to invest more money. The more you invest, the faster you will reach your goals. Also getting better than 10% CoC will also help your goals.

Hope this helps!

 I don't think you are listening to all the good advice on this thread. Evict now. Do NOT rent to these people. 

Get ready to pay tuition to the school of hard knocks and suffer if you don't heed the advice.

just saw that it was bankers healthcare group... same one that solicited me

Yeah I've gotten this too and looked into. For me, it was supposed to be for my dental business however for improvements, repairs, investments into equipment etc.

But once given, they could not take it back so I could always use it for real estate.

55K was offered, but, the rate was too high @ 10% and was on a 3 year amortization. 

If you need the cash, then it's fine. But if you're a physician, you should be making enough to not need to use other people's money. Why take such an unnecessary expense on the money when you have plenty of your own?

 Asking for a mentor is no more work than asking to win the lottery. 

Going to those meetings to find a mentor, now that's putting in the work

No, you have to find one on your own. Want a mentor? Prove it. Do the work to find one. 

 If only he could evict the current tenant.... :D

Appraisals are scams and you never know with them. I had a friend that had an appraiser come in and ask them what they needed it to be appraised for. WTF. 

Congrats, the whole deal sounds awesome! Why are you trying to position to sell? Why not just milk the cash flowing cow?