It also matters what kind of property it is as single family residences are priced differently than condos or 2-4 units.Also, the state matters as different lenders operate in some states but not others. 

Burnt out landlords and mom&pop operations are also prevalent in the area.  

Here are the numbers, so you can see what I mean.The numbers are the following: 359,900.00 sales price (purchased Dec 2015) 89,975.00 down payment (25%) 10,000.00 closing cost (estimate - I don’t remember the exact figure) 7,000.00 required rehab (estimate - I don’t remember the exact figure) 106,975.00 Cash invested 3,900.00 Rental Income (actual figures) 150.00 Parking Income (actual figures) 4,050.00 Total Inflows (400.00) Utilities (250.00) repair budget (not an actual outflow, yet) (2,200.00) Mortgage (Includes insurance, taxes, and P&I) 1,200.00 Operating Inflows 14,400.00 Yearly inflow 13.46% ROI If I were to use the 50% rule I would have discarded the property. 

Actual T12 goes thus: income $54,930, operating expenses $22,305 and NOI $32,625 as listed.

Read this article on the "core 4".

Good webinar last night but I’d like to hear if others have had and experiences with their operation. http://invest1properties.com/w...P.S.  

When done properly, a series LLC gives members protection from personal liabilities arising from multiple properties or operations without having the extra expenses of multiple LLCs.Series LLC also known as master LLC provides liability protection across multiple LLC entities.

Because people skip this and jump right to techniques, we have a huge FAILURE rate of people wanting to be real estate “operators”.  

Hi Beth--I operate a monthly meetup that meets this Wednesday in Youngstown (Boardman).

fractionalized TDs and notes in CA is how we ran our HML companies it is standard operating procedures.the Broker holds the originals  and think of the investors just like you would a TIC on a deed.. each investor has a % ownership and is spelled out in the TD and the Note.. now after the fact there can be partial assignments as well.