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14 July 2019 | 3 replies
I just started to practice analyzing deals ( used up the free 5 trials for rental calculator, so basically made an excel using old youtube videos on the 4 block technique figuring out CoCROI. ) What i've realized for my area ( Houston, TX) is basically anything over 130k basically produces 0 or negative CoCROI because ultimately your rent is the total income you get and subtract expenses(which usually adds up to around 700-800 bucks be conservative) and your mortgage(which would be around 500-600 bucks a month for a 100k-130k loan)most of the homes near Houston average (base on craigslist, rentometer, realtor.com) 1300-1600 on rent for a traditional 3/2 SFH.
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15 July 2019 | 9 replies
Don't try to buck the system, it's not worth it.
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19 July 2019 | 19 replies
no way worth 1.6 I had a similar park in Vancouver WA.. 44 spaces.. 7 park owned units.. but neat as a pin rents 400 bucks per space or so..
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15 July 2019 | 8 replies
I'm certain I never would either.I make sure that we have the best bang for the tenants buck.
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20 July 2019 | 17 replies
Hook up with a great local HML in your area they are there.. and make 8 to 12% and have true passive income.. let the pros do the heavy lifting.. you keep earning the big bucks.
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22 August 2019 | 7 replies
In Montrose there are some patio homes renting to more mature renters but the Cash flow ROI is not there, more of a cash purchase, 1031 type of setup.
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15 July 2019 | 10 replies
Making a couple hundred bucks in cash flow doesnt get my juices running anymore.
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19 July 2019 | 8 replies
Reading other post they are advising people like us to do FHA financing on a duplex and earn a few hundred bucks a month until we get the hang of it.
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2 July 2020 | 7 replies
You can try to offer an existing tenant a buy out: maybe a couple thousand bucks to move out.
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12 July 2020 | 8 replies
@Joshua Ferrari Yea ill wait until I'm cash flowing a lot more before I start paying the big bucks lol.