I have a beautiful wife & 3 small ones under 4 yrs old.  

Rental Evaluation Enter values below to calculate: Loan Amount (before downpayment): $500,000.00 Property Price= $500,000 Down Payment= $100,000.00 Loan Interest Rate (%)= 5 Monthly Loan Payment (P&I)= $3,163.17 Percent of Down Payment= 20.00% HOA Monthly Fees= $0.00 Loan Term (yrs)= 15 Monthly Home Owners Ins.= $216.66 HOA Monthly Fees= $0.00 Monthly Taxes= $498.66 Yealy Home Owners Ins.= $2,600.00 Monthly Maintenance estimate= $340.00 Annual Taxes = $5,984.00 Monthly Vacancy Cost estimate= $75.00 Monthly Maintenance Expense % = 5.00% Monthly Capital Expense estimate= $370.50 Monthly Vacancy Expense % = 8.00% Monthly Property Management Fee $0.00 Monthly Capital Expense % = 5.00% Total Monthly Costs = $4,663.99 Monthly Property Management Fee % = 0.00% Monthly Profitt = $2,236.01 Rehab Costs = $0.00 Annual Profitt = $26,832.07 Purchase Costs = $0.00 Debt Coverage Ratio = 1.48 Monthly Rent $6,900.00 Annual ROI = 26.83% Money needed up front = $100,000.00 Months to break even= 44.72

I would not pay $3200+ to get $13k cash, but I do like the lower rate and expedited payoff, although only 5 yrs less.In my area, a 1% single-family in a decent area is a good investment to keep.  

Hi everyone,My name is Joseph Montgomery, and I a brand new RE Investor in the area.I've been happily married for the the past 6 yrs now and we have 6 beautiful children(we both had two girls that we were raising alone, when we met; came  together and added a boy, and recently a baby girl) i know that may be a a little TMI for an introduction, but hey thats who i am.I right now am employed as a independent contractor with a courier company in the area, so i do alot of driving around looking at houses..My goal is to be a successful RE Investor full time..making 10 deals per month, averaging 75,000 per month.

I'm originally from Illinois, and lived in Atlanta for 8yrs (traveling down to FL every weekend) and have traveled all over Fl for the past 15 yrs before finally settling just outside of Ft Lauderdale 7yrs ago.

I have over 20 yrs experience in residential property restoration and remodeling.  

Inspection to follow but they claim roof, electric plumbing were done 10 yrs ago.

I purchased a home a little over 1.5 yrs ago.

Hello my fellow New Jerseyan,I am from Rahway NJ currently residing in Tampa Florida after serving 24 yrs in the USAF.  

In 18m to 2 yrs we may finance some money out for more properties or to find new construction.