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27 August 2017 | 23 replies
No wait, don’t answer that, i’ll start another thread)Vacancy Buy in markets with strong fundamentals (pop growth, job growth, job diversity) Buy in good quality B class neighborhoods that would maintain renters even in a downturnSave 5% gross rents for vacancySave for inevitable lease up feesRent Prices Drop My numbers predict i could stay in the black even with a 10% drop in rental prices (see example below)Other At time of purchase i set aside 6 months of gross rent in cash, for reservesSample PropertyThis is a sample property is actually more like a higher c class, but i you could move the numbers up higher and see the same thing with a B class SFRPurchase Price: $60,000Closing costs: $4,000Rent $900Vacancy ~ $45(5%)Maintenance ~ $45(5%)Capex ~ $125Op expenses(tax, insurance, lease up, mgmt) ~ $162NOI ~ $522Mortgage: $261Heloc: $68(at current rate) - $160(at highest rate)Cash flow: $193(at current rate) - $101(at highest rate)I'm a little scared to ask this, but better burned on BP then in real life, so here we go.What am i missing or what did i not think of?
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28 June 2017 | 1 reply
If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.
1 April 2018 | 11 replies
You might consider asking for his 2017 schedule E.3) Seller Financinga.
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4 April 2018 | 1 reply
If hearing is before April 23rd, can we include the April 15thrent in the amount due or do we have to wait until April 23rdor alter to e able to include the April 15thrent?
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9 June 2017 | 16 replies
The lender will take income from Sch E if its on your tax return.
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23 May 2018 | 4 replies
Daniel E.
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12 June 2018 | 2 replies
NOT a real estate book but a superb reminder of how to invest financial fundamentals that will keep you out of trouble financially if you apply them to your life.
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15 June 2018 | 2 replies
I feel like this is just his excuse for not having e-contracts.Cheers,Dave
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6 January 2023 | 11 replies
Quote from @Scott E.: Don't get too hung up on finding a mentor before doing your first deal.
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3 March 2023 | 8 replies
Quote from @Scott E.: I've also found a lot of value in this quiet "me" time lately.