All Forum Posts by: Sean Keegan

Ok thank you so much. I have digging around and WS are sending me anything from 5% to 25%. I have a calculator I got from here to help calculate ROI and cash flow and it seemed the higher the cap the value would drop. So just trying to understand how I need to factor that in before I make an offer

Ok thank you.  So basically the cap rate is way for me to see the potential future value?  So based on your example, the lower the cap the better

I am working to get my first deal (hoping for a BRRRR) and I am a little confused by the cap rates my wholesalers are sending me. Can someone kinda break it down for me? Much appreciated!

@Nicholas L. no the townhome I have is under a FHA. I have my approval letter for $225K with 5% down for conventional in place

I have always wanted to get into REI. I was recently engaged and unfortunately that fell through. That being said, it has left me very cash poor and forced to moved back in with my parents. I own a townhome that is currently cash flowing $200/mth till Oct 2021. My goals for 2021 are to add one property to generate cash flow and also move into my own place by end of Q2 2021. I wanted to house hack a duplex/triplex but, being so cash poor from the break up, I do not have the 15-25% down that my lenders are telling me will be needed for a mutli.

So, does anyone have any advice for someone like me who is new to this and not connected to any private investors yet that trust me enough to work with?  

How do I:

1. Add a cash flow rental?

2. Get back into my own place without completely strapping myself and limiting what I can do in the next 2-3 years?

Any advice, tips, networking would be greatly appreciated.

I just finished the beginners guide and moving to a more house flip focused book.  Between the two J Scott books (Estimating Rehab Costs and Book on Flipping Houses), can anyone recommend which is better to start with?