Clary Roberts  you can use your IRA and get line of credit with us which will be multiplied by 5 on the value.

I would also like to know is, for example if a house is on the market for $17k and they say that the home has about $10k-$15k worth of repairs (or even if I do and inspect the place myself ), What do I add ,divide, multiply, or what not to get the numbers that I need to put the house up for, so that I can get a profit?

I like the strategy of fix & hold and want to establish multiply rental properties in the area I grew up in.

@Beth Liesenfeld You can use the SFR multiply by two method - as one of your options; but you are correct that generally a multi unit won't bring as much per side as a SFR.

Which, we can use as years or multiply by 12 to get total periods.

Multiply that by 12 and then by some reasonable # of years.

  * Have adequate landlord insurance for each of the rental properties  * Have umbrella policy insurance to cover all the rental properties  * No luxury to setup one California LLC per each rental property for cost reason ($800x + extra $$ for CPA/lawyer, where multiplier x is number of properties)  * Actively doing buy 'n' holdBased on these conditions, here is my understanding.California LLC (or its protection) is not good for one or more of the following:  * Single member LLC  * Carry mortgage on rental properties  (risk of due on sale clause)  * Quit claim deed to LLC (risk of county property tax reassessment and transfer tax)  * All rental properties are in the same LLC  (pointless, just like all under our names)California LLC is good for tax write off, including but not limited to the following

Also advanced data such as rent per square foot and gross income multiplier are all with in norms for the area.

I’ve found that if you multiply the average market rent by .6 it‘ll give you a rough estimate of your cap rate. 

Hi guys,somewhere I read that a good rule of thumb for changing brick foundation to concrete foundation is $500/linear feet.Does this mean the perimeter of the building in feet multiplied by $500?