Paint rags and paint plastic $386.66 Initial 70% deposit Cabinets $13,029.02 Backer board, Fiber rock, Shower drains, Zinc backer board screws $385.71 Junk Removal $600.00 red gard ($123.10) Initial 50% deposit Windows $10,493.20 2x4 studs $52.33 Junk Removal $400.00 Flooring sample $6.01 Flooring sample $68.48 Flooring sample $62.62 Flooring sample $132.09 Paint samples for accent wall $38.34 10% Draw for Master bathroom demo $580.00 Wall and shower Tile+Grout-Guest bath $528.62 LVP Flooring $7,165.27 Demo Work $1,275.00 LVP Flooring $7,198.07 Floor tile-Guest bath $889.05 50% down for moisture barrier and animal extraction $2,541.30 Returning flooring samples ($263.19) Paint-2 5gallon buckets SW $382.38 Unsure on what these are $19.54 Unsure on what these are $48.00 Master shower floor tile $331.42 Paint $3,100.00 Flooring underlayment $888.42 Primer $178.71 Paint-5 1gallon buckets SW $180.26 Paint $3,100.00 Appliances $6,820.59 Master bath tub $986.76 Paint-1 5gallon buckets SW $194.81 Primer $268.54 Framing repair for rotted wood $1,000.00 Junk Removal $500.00 Floor tile-Guest bath $771.07 Floor and Shower wall tile-Master $4,559.43 Stair noses $334.20 Master shower floor tile $612.76 Farmhouse sink $385.91 Master ceiling paint $254.29 Drywall repair in kitchen ceiling $500.00 Childrens wall tile and floor tile $3,477.40 Master shower floor tile-Return ($331.43) Drop in sinks for children's bathroom $103.75 Drop in sinks for upstairs bathroom $51.87 Master sinks $147.64 Master floor tile $270.05 Electricity $169.70 16x cement backer board return ($139.60) Tub and shower faucets $414.96 4 x Toilet seats $788.22 Tile install materials for all bathrooms $863.00 Air filters $10.90 Gas pipe and AC tune up+Duct repair $1,216.00 Tile install materials for all bathrooms $984.78 Roll of insulation X2 $38.48 Primer refund $125.33 Shower faucets X2 $480.71 Water $11.41 Master shower floor tile-Return the original white one ($261.55) Demo and materials he bought $1,005.14 Pickup charge for picking up flooring $223.96 Flooring 1st payment $4,000.00 Flooring return-guest bathroom tile ($889.05) Red guard refund $71.34 Backer board, wall tile and floor tile upstairs master return ($134.34) Keys X3 $10.93 Remaining balance for moisture barrier $2,046.30 Subfloor repair $100.00 Flooring $9,900.64 Master tub filler faucet $311.35 Tile labor in all bathrooms $9,202.22 Stair treads and risers $1,160.76 Bathroom painting $2,000.00 Junk Removal $150.00 Return for stair noses ($334.20) Return for flooring ($13,488.73) Flooring $1,900.00 Flooring underlayment $899.35 Trim $1,053.17 Toilet supply lines $13.46 Tile sealer, garage epoxy, garbage disposal $313.00 Return for remaining balance ($1,098.57) Floor reducer $49.99 Garage door opener $267.66 Door hardware (Hinges and door handles) $451.14 Counter tops $5,287.01 Tile return ($981.43) Tile return ($685.14) Tile return ($385.53) Tile return ($153.19) Tile return ($613.13) Flooring $1,900.00 Plumbing and electrical work (Light fix, toilets, drains) $975.00 Light fixtures and faucets $975.49 Junk Removal $125.00 Baseboards $241.45 Switches, outlets, faceplates $234.53 Cabinet balance $5,583.86 Sink return ($155.62) Dining room light and 4 ceiling fans $923.70 Anti skid additive for garage floor $11.38 Flooring $1,900.00 Glidden gel paint $24.01 Paint refund ($1,046.40) Counter tops $2,304.23 Extension rods for ceiling fans $40.64 3 Ceiling fans (one was returned) $573.93 Return grills $100.11 Kitchen and nook light fixtures $283.80 Rod for curtains and toilet paper holder $84.10 Curtain rods $54.60 Garage door deposit $1,185.00 Cleaning $400.00 Water heater $756.18 Thermostat $181.41 Stump Removal $300.00 Dryer cord $28.53 Plumbing and electrical work (Light fix, toilets, drains) $3,525.00 Junk Removal $125.00 Grass seed $71.40 Return of shipping cost ($297.45) Duct cleaning $970.00 Drains for master $46.54 Sold Fridge ($200.00) Bathroom fans $91.92 Samples for brick $29.98 Peg board hooks $20.83 Wall plate covers $21.28 Steel pegboards $140.72 Return stair tread and Riser ($198.14) Pressure washing $1,216.00 Wall plate covers $8.11 Shower door for upstairs $729.83 Powder room counter top $702.99 Light bulbs $59.24 Shower door deposit $1,000.00 Staple gun, staples, supply lines $157.04 Bathtowel hanging hardware $130.89 Light bulbs $29.62 GFCIs, underlayment, downrods ($233.54) Sanding pads $59.10 Yard hanging tools $21.94 Supply line return ($13.12) Stair clips and balusters $779.58 Returned some bathroom tile ($109.05) Peg board hooks $120.04 Front door $3,235.01 Brick sealer $50.81 Bathroom fan light and peg board hooks $71.27 Sanding pads, sanding sheets, etc $38.48 Mirrors $65.84 Mirrors $291.88 Spray bottle for marble sealer $4.34 Brick backsplash $695.54 Sanding pads $2.20 Shelves and shelf brackets for storage room $73.14 Shower door balance $1,000.00 Mirrors $104.26 Returned mirrors ($89.50) Gutters $2,043.15 Floors for finishing room $373.78 Wall plate covers $8.07 Floetrel and hood vent $31.49 Plumbing and electrical work $175.00 Backsplash and fireplace $2,450.00 Trim paint $50.21 Tile for master finish $15.17 Returned something.

If you cash flow $1K per month for 36 months, and then sell with the ability to pull back your original investment, would you consider that a win?

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community - we did have several from St Joe at the meeting last month. 

Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

There is a meet-up on the last Thursday of every month.

If it could rent for $2,000/month why is she selling?

If rates dropped 1-2% on a $600,000 home, it would cost a buyer $3,400 a month.

If you divide that amount into the capital gains tax savings, you'll get a number of months you'll have to own your current home to make the interest savings exceed the capital gains savings.

looks like "realestaterocks" still works, and for the monthly billing too!

The lender paid $70k, and only asks for $750 per month.