Any monies in escrow - advanced rent and/or security deposits, are not earned yet.

Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return.But in reality, how is this truly a "recouping of initial investment" when you have to pay a 4.5% interest to take out the cashout proceeds (with $3000-4000 of closing costs on top)?

It looks to me like you would be essentially giving WWC a loan to be paid back through the property's earnings or a refy or a sale...and then you would get 65% of all proceeds after you get your invested capital back...Most syndications I have seen, the sponsors offers a preferred return (6-8%) on the investors' capital until the capital gets repaid in full.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

Increase earnings, reduce expenses, save up, and buy one property.

Are you giving them the promise to use them in future deals where they will earn 3%?

I’d like to clarify a few points to ensure everything is transparent and clear.We have nearly countless successful members, some who even earn over six figures per month using the same system you referenced.

Located in a beautiful neighborhood desirably close to schools, shopping and all the amenities Aberdeen has to offer!

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

Compounding interest will far out earn for you what you could be saving by paying off your mortgage quickly.