I have never tried to put together a subject to so bare with me...

We got our full amount... and quickly.Like Michelle Obama said, it was barely enough to afford a pair of earrings.

Cap rates are barely useful to a real estate investor other than a very initial analysis.

AND 8 MONTHS AGO, I BARELY KNEW HOW TO CHANGE A LIGHTBULB.

Though the swings of my occupation make it difficult to project earnings, I should barely make 6 figures this year (a goal I set for myself in February).My parents have been pushing me to get involved in real estate since March and though I am very interested, I feel like I don't know where to begin (unfortunately there's only so much school can teach).

My calculations show your just barely not breaking even at $532 per month going out.Do you have any reserves built up?

I am new to this so please bare with me.

Whenever I tell a Realtor what I want, the so called "deals" they find are at market value...of if they're below, the price of the repairs will take it up to or past market value...hence, no profit.If I have them find me a rental, they always show me a negative or barely break even situation, and I have to explain that I'm looking for 1.5-2 percent of the sales price gross monthly income.

I can give 20 minutes of ANY Day 2 returning phone calls4"damage control" or whatever...then go back 2 vacationing w/o the worry of "what's happening w/blah,blah,blah, & have a BETTER time Relaxing...that's just me.Hoping I planted a seed that will help the neighborhood & rehabbers(&U of course) prosper in Your future;& in finality(absolutely SHAMELESS Plug here) When(not if) the borrower calls up so excited they can barely speak that just found 750 acres for $25M that they can develop into 1 acre lots for $75k per lot, they just don't have the 20% down & 3-5 million 4 infrastructure & marketing....call me, 24/7/365.

Here is what I think:1) I will never buy another property where I will be competing soly on price when it comes to selling.