All Forum Posts by: Brad Donley

@Account Closed A package is something like this. I have this under contract and looking to buy.

25 houses. purchase price is

$ 800,000

20% down payment

seller is carrying the rest of the note for 600 k amortized over 25 years with a balloon in 7.5 years.

I will be projected cash flowing. after expenses 12,000.00 per month.

12,000.00 per month x 12 months = 144,000 per year / 160,000.00 per month = 90 % return on money.

that is what i mean. you get wealthy finding those deals.

@ William. Thanks. hope the agreement is working out for you. I am looking to buy 15 homes each month in 2014. Give me an email @ [email protected]. and I can tell you what I am looking for.

@Mary Thanks for the kind words of my son.

@ Matt. Im not sure if we have met along the way. What is your email. please email to [email protected]

@Bob Hines are you single families or duplexes? I have about 5 available if so.

Greatings All! I am new to the site and already love the support all the members give each other. I began investing in real esate full time and now wholesale 8-10 properties per month. I treat real esate investing as a business. Wholesaling is used to building operating cash to run the wealth building side of the business.

My main purpose of the this forum is to meet like-mined individuals, individuals that want to invest in property in st louis, and get up-to-date feedback from my mentoring program.

Thanks and look forward to possibly working with you all!

Take as much as out of the property as you can but do not exceed 2:1 debt to income ration. For example, if your net income after all expenses on the month ly rent is 650, don't let your debt payment be more than 325 per month. You will never become over leveraged using this philosophy. Banks and private money lenders love fiduciary discipline. So, now for the money you take out of the property. Don't buy one property here, one property there. Wait and have patience for a giant package comes along that offers owner financing. The banks are becoming more and more stringent on lending to investors for single family homes so there is going to more seller carry backs in the future. Lend the money out short term to a hard money lender and sit and wait for the giant package and pounce on it. Be Ready! So, since you want to do this for a career? Learn to wholesale and put deals together. If you become good at this you will make so much money you will not to do with it. While you are wholesaling you can have first dibs on the packages that come across your desk and use that money to buy the package.

Hope this helps