20 January 2020 | 0 replies
Of those which would you say has been the most fruitful?
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29 February 2020 | 35 replies
One was bacon,lol, the fruit breakfast really threw me off (teasing).
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13 February 2020 | 119 replies
@Logan Chen Think & Grow Rich has been sitting on my shelf for ages, but I haven’t taken the time to read it.
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6 February 2020 | 9 replies
Get rid of the existing tenants that are most likely paying below market, poorly screened, and bad for the business.I would pick 1-2 rentals that are "low hanging fruit" and easy to renovate.
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12 February 2020 | 31 replies
Here are the inputs:Purchase Price: $400-450K per propertyDownpayment + Closing Costs: $90-100K per propertyMortgage Payment: $2,000 - $2,200/month assuming $2K/year taxes and $1.5K/year insuranceTotal Monthly Rental Income renting out all the rooms (6 bedrooms x $700 rent per room on avg): $4,200Total Monthly Rental Income renting out all the top rooms (3 x 700) and renting the bottom unit to a family ($1,700): $3,800Total Net Rental Income Before Utilities/Maintenance/Reserves/Capex: Low: $1,600, High: $2,000Utilities: ~$400 assuming that you pay for everything, internet, heat, electric, gas, water, storm drainageMaintenance/Reserves/Capex: $400 to have enough to cover any items that could need repair, maintenance, etc and accounting for age of house and more wear and tear Total Net Cash Flow Per Month: Low: $800/month High: $1,200/month, Middle: $1,000/monthAlso, I didn't include you adding any extra rental income for for adding utilities to rent/garage spots rent/etc, so these cash flow numbers are very conservative but realistic.
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12 February 2020 | 7 replies
The tree keeps growing and producing more fruit(money) over time and you still have the tree which is likely worth more than when you acquired it.You have to make sure it is watered and fertilized and maybe pruned occasionally.
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5 February 2020 | 4 replies
Hi all. My wife and I have 14 SFHs scattered through Charlotte, Denver, Jacksonville, Birmingham and Hammond, IN. I am interested in pulling cash out from some of these properties and scaling up my portfolio to includ...
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22 May 2020 | 11 replies
Do you guys have any thoughts about that town, or recommendations for agents, managers or contractors that way?
8 June 2020 | 9 replies
Most people "get through" their personal sphere in about 2 years (where failure rate for agents climbs fast).
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6 February 2020 | 2 replies
A lot of the time someone successful in the real estate business does not have a TON of spare time to spend educating someone newer so you need to find ways to create value for them in order to build a fruitful relationship