It has been really educational for me because we have people from all over the US with all types of experience to learn from.

This alleviates ethical concerns. 

Fast forward to the end of today and we still haven't received a signed document, so my agent had to send over a letter of termination to protect my deposit. 

Price Per Sq Ft: $316.66 (🔥 44.5% premium over market!)

Over here in Chicago, I continue to share how amazing both the FHA 203k and homestyle renovation products are!

I recently worked on an amendment to some condo plans we did 15+ years ago and I had to re-calculate how we got to what was in the plans and the values changed over two or three iterations as the attorney represented what to include and exclude. 

I am overly sarcastic over text a lot of the times.

He’s over cautious, so I’d like to see what sort of language is there there regarding the deed of trust.

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

I switched over to Baselane over a year ago and it has worked well for my growing portfolio.