All Forum Posts by: Ray Baker

I Just finished the The TenX audiobook and WOW!!!! What a book. I will definitely be listening to this book once a month moving forward.

Yes we our teaching our 15 yr old son about the real estate business. We figure that we get him started now and by the time he goes to college he can do a house hack for free rent and start his own business. We even to turn him on to Robert Kiyosaki of Rich Dad Poor Dad. We have him reading Rich Kid Smart Kid.

We will be ther

We are looking at our 1st Real Estate deals and would like others opinions.  We are looking at two house that have both already been rehabbed and are now being rented out.  These house are being purchased for long term buy and hold.  Then possible resold with home owner financing.

1st House

Cash out of pocket $19,000 with additional hard money loan 70 %

House refinanced with no money down, but should receive back $19,000 when refinanced for long term.

Cash Flow $382.00

Cash and Cash ROI 23.27%

2nd House

Cash out of pocket $15,000 with additional hard money loan 70 %

House refinanced with no money down, but should receive back $15,000 when refinanced for long term.

Cash Flow $501.00

Cash and Cash ROI 38.4%

Our goal at the end would be to turn these around and do a home owner finance on both of them for long term income.

Thanks for your opinions

Ray & Kim

Glen congrats on your retirement you are an inspiration to us all. We are newbies just starting out and you have showed that anything can be accomplished if you set your mind to it. We look forward to following in your steps.

Hello everybody and Merry Xmas we are Ray and Kim from Magnolia TX.  We found Bigger Pockets after reading "The Book on Flipping Houses" by J Scott (Excellent book by the way).  We are new to investing and looking for new friends and any help to guide us on our newest adventure into real estate investing.  If your wondering about our profile picture....no we are not crazy...well maybe a little we were in a Christmas parade with our dunebuggy.  Anyhow we just wanted to say hi and can't wait to meet ya'll and build some long lasting friendships.