My name is James Ive been listening to BiggerPockets for a few years. bought my first house in North Port fl 3 years ago!

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

You start out right away with essentially 3 income producing properties & after a year it goes to 4.

The property has been vacant for over a year and is in terrible shape.

Two rehabs in a year along with managing a few units could hit the 1000 hours. 

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

I'm sure this was definitely a thing that was achievable in the COVID years...So the 2% rule seems like it would get you a lot closer to your mark than 1% in today's interest rate climate.1% really does seem like a unicorn.Now - here's the nitty gritty.

if there is someone who can build at a lower price in Columbus Ohio than us (my partner and I with both 10+ years of construction experience and I bid on a national scale) why not reach out and try.

. ($300/year = $25/month with annual membership)

Happy to meet up with you and share my many years experience as an investor and networking with other investors and parting my wisdom.