Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.Just fill in everything, including the Advanced Inputs (you'll need to change default 30 year mortgage term to 180 months for your 15 year mortgage)Transfer costs will depend on your state and local municipality.Tax on rental profit will be your current or projected personal tax rate.THIS CALCULATOR IS PRETTY THOROUGH! 

You could use the monthly profits to pay down your heloc which at current pace would take about 8 years or so. 

However the other fees they take are before you even see profit.

The $0 down payment, while convenient, also does not set up a great profit margin in the beginning.

.- Long term:  "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit. 

😁 Your Name - Joel and Mary Ann Bongco  - Honolulu, Hawaii🧠 What would you consider your area of expertise - Tech, REI CRM,  Offshore Lead Generation Analysts,   AI Driven Contact Centers,  Hawaii Real Estate Investing, Market Place Leadership  (Mission Driven Real Estate Investing - People Over Profits)🙌 What are you most looking to get out of BPCON 2024 -  Networking, creating new relationships, finding out "what we don't know, we don't know regarding Real Estate"  🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happy - Scaling our Real Estate Portfolio 🗓️ What session are you most looking forward to?

You’re already familiar with the BRRRR method, and scaling up to a 20+ unit property can provide economies of scale and potentially higher returns.Acquisitions, on the other hand, are like BRRRR for businesses buying underperforming businesses, improving them, and reaping the profits.

Let's say $100/hour fully loaded, plus a truck, overhead and then add another 20% profit on the total (material and labor), because that's the whole point of running a business.

All have been very profitable, grossing anywhere from $95k up to $300k. 

Only nearby city that rivals it is Amarillo (2.5hr drive north) and it does not have anywhere near the education infrastructure or $$$ inflow Lubbock has (at least not yet) with Texas Tech and associated schools, SPCC, LCU.