@Jaycee Greene I am looking to buy a primary residence while I am based there, then turn it into a rental once I PCS again two years later.

Quote from @Eric Huntermark: Quote from @Jaycee Greene: Quote from @Eric Huntermark: Hey everyone!

Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much. 

Quote from @Jaycee Greene: Quote from @Devin James: Quote from @Jaycee Greene: Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball Hey @Devin James.

Thank you @Jaycee Greene and @Hossein DaneshIn sum:- 42 apartment rental deal (land has potential to add 32 more on  two small building but that phase would be out of scope for this initial stage analysis).- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

Quote from @Jaycee Greene: Quote from @Justin Smith: Quote from @Jaycee Greene: Quote from @Justin Smith: An older gentleman from church is selling off his portfolio of SFH/MFH rentals in the Belleville, IL area and offered one to me as he knows I want to get into RE Investing.Purchase price is $50,000  for a 3 bed 1 bath and the current tenant is renting at $800/month.

Quote from @Ryan Irwin: Quote from @Jonathan Greene:  x1000%! 

Have you read, "Long-Distance Real Estate Investing" by David Greene?

Quote from @Jaycee Greene: Ha, that's funny!

Quote from @Jaycee Greene: @Orlando Johnson Are you still looking at buying this property?