Hi All,New to the forum so thought Id say hello. Joined the community in the hopes of networking with like minded folks.A wee bit burnt out from the corporate 9-5 hustle so exploring Real Estate as a means of building...

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

So when do we start to see the extra .25% hit on the loan side?

At a certain net worth, folks don’t worry about cash flow they have all they need.

Please let us know at biggerpockets.com/guest For this round we're specifically looking for folks who are now real estate investors who fall into one of two experiences:Did you start your real estate journey with a significant amount of savings you were able to stockpile to start your investing journey from a well paying full-time job?

It may require another schedule to be filled out at tax time meaning an extra expense also. 

There is so much knowledge to be shared from folks like this.

.: @Matthew Irish-Jones...and the issue is folks want the returns of 3 with the effort of 1. 

In the contract, state that if usage exceeds 120% of the average, the guest will be responsible for the extra cost.

Reach out to me if you want to learn more without sending an extra dime but your time.