Capturing equity, getting cash flow, and growing net worth all comes to me from acquiring more real estate.80% that drives 20% of results: "Saving" money by arguing with tenants over repairs.

If it gets much better, I may need to sell a few to capture this nice upswing!

Hello all,I am a chef that bought a live and flip to get my foot in the door with real estate. 

Tenant landlord relationships are usually long and is well worth spending some money to make sure you capture all qualified people. 

Too many important nuances it doesn’t capture.

I've measured wall to wall for taxes and it might be 800 at most and that is counting the stairs.I'm a chef by trade and profession, 20+ years, and while I was making a decent salary and had a pretty awesome gig working at a private High School.

We are at the height of the market so if you can capture these prices great.

3/2 duplex on each side, fully renovated, no AC currentlyPurchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical (TCF) bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per side (greater than my min of 200 per door)COC of 19% yr1, 22% at yr5 (greater than my min of 10%)Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 (ignoring any appreciation)This one required 2 months to close but the delays were mostly from the bank and coordinating appraisal site visits in the current environment.

Purchase price: $138,000 Cash invested: $38,000 Contributors: Joel Wilmoth, Nicole Hoss, Jeff Schechter 3/2 duplex on each side, fully renovated, no AC currentlyPurchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical (TCF) bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per side (greater than my min of 200 per door)COC of 19% yr1, 22% at yr5 (greater than my min of 10%)Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 (ignoring any appreciation)This one required 2 months to close but the delays were mostly from the bank and coordinating appraisal site visits in the current environment.

Purchase price: $138,000 Cash invested: $38,000 Contributors: Joel Wilmoth, Nicole Hoss, Jeff Schechter 3/2 duplex on each side, fully renovated, Purchase price = $138K, appraised at $145KTenants in place and performing, 900 and 950 = $1850/moTaxes ~$1400/yr, Insurance $800/yearI use 10% maintenance, 9% for PM, 5% for Capex, 8% vacancy assumption30yr loan, 75LTV at 3.75% through chemical bankClosing costs all in just under $40kKPI: Monthly cashflow of $631, ~$316 per sideCOC of 19% yr1, 22% at yr5 Total return on equity yr1 >40% from equity capture, 24-27% annually through year 5 What made you interested in investing in this type of deal?