yup stayed in the land bizz till late 80s and was in land and timber in the 90s and of course from middle 90s to now I have developed about 500 to 600 lots for homes.And all the while I bought land to flip..

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Like accidentally leaving the car light on in the car and having your car battery dead in the morning.

Good morning @Joshua MartinGreat thing about a VA mortgage is you can do an IRRRL even after you have moved out of the property!

@Asiel Zermeno Morning.

On more than one occasion I’ve talked with a person or two that was offering real estate coaching and I found out very quickly that either it was not what they were advertising or they was not far enough along to be coaching anyone except maybe a complete newbie or maybe it wasn’t the strategy for me.Anyway, that’s my ramble for this morning.

I would recommend spending your morning commute listening to BP podcast or BP daily podcasts for microlearning, grab a BP book that piques your interest and read a bit every night before bed.

I have my own single family home in a nice middle America area of north Atlanta. 

Morning Joe, I dont think its the sub to as much as dodd frank selling these homes to owner occ..

Anyone in the middle of a divorce?