All Forum Posts by: Isaiah Turner

Hello all, 

Lately I've been studying and trying to better understand the analysis of rental property. I understand that the formula to calculate COC return is: COC = Cash Flow/Investment basis. Part of the investment basis includes repairs. Say 2 years down the road, I must repair the HVAC system, would I add that dollar amount to the investment basis? Or would it already be "part" of the equation since capital expenditures are part of calculating expenses to determine NOI which, in conjunction with debt service, is used to calculate cash flow. Seems to me that, although it is considered a repair, adding this dollar amount to the investment basis is pretty redundant. Thanks in advance for your responses!

Steve Vaughan - Thanks for the reply and your WHY! I believe understanding the psychology side of anything will always be of benefit to myself and others. Billy Stohler - Thank you! I just read an article today concerning the Texas real estate market and it most definitely is a great one. Super stoked! The input was much appreciated, gentlemen!

Mark Updegraff - Thanks for the reply! I'm definitely looking to purchase in the Houston area preferably "inside the loop." Booming city with plenty of growing real estate to match the amount of jobs. Oil is the big industry there.

Hello all,

I'm still fairly new to real estate investing and real estate in general however, it is ALREADY down right fascinating! Now, we are all very familiar with the common "goals" of real estate but, there has to be more! I mean real estate investing IS a game of numbers. That, in and of itself, creates endless possibilities. What if I told you that my "why" wasn't to retire extremely early or reach financial freedom? While those milestones are the very, very tasty icing on the cake, I'm far more interested in the challenges real estate presents. The desire to create a plan and then see that plan succeed. I mean, in my own opinion, nothing is better than being a part of something bigger than yourself. This is my why. Is it dangerous or profitable to treat real estate as a game of chess? Can anyone relate? 

I do plan on working for Cumberland County Sheriff for no more than 2 years after ETSing. Just a transitional job while looking for police work in Houston. So I guess I have roughly 4 years TOPS left in Fayetteville, NC. Sorry, that's definitely some key information.

Hello, in the last few weeks I've really grown infatuated with real estate investing, specifically multifamily homes. I am currently a married E-4 in the Army at Fort Bragg, NC. (Fayetteville) My question is should I utilize the VA Loan to purchase a quadplex now or should I wait until I ETS and head to my target market in Houston, TX. Please keep in mind I will be house hacking and I also make an extra $1160 a month in BAH which would be pocketed while hacking. I have roughly 21 months left on my contract.