And then use the BRRR model and keep going from there.  

Here is a quote from Billy Gulley's website:"Where the clouds of the storm move in, acting as an individual in one transaction is much different from a legal standpoint than building a business model that does nothing but assign contracts.

In this model, the custodian/administrator holds the funds and you will instruct them to take action on behalf of your IRA, so they sign every document, cut every check, receive every deposit, etc. 

My name is Matt Stocking and I am an aspiring real estate investor.  

In the past I did most of my business through PPC leads and mailing lists, but direct mail began to give me diminishing returns so I changed my business model to a better one.

Some investors are willing to buy them on a speculative basis (buy and hold model), knowing that the property will appreciate in the long term, depending on the neighborhood.  

Before Tax Cash Flows (BTCF) divided by All Cash In (Typically Down Payment + Closing Expenses)BTCF = NOI - Debt Service, so yes you would include debt to determine cash on cash.I ran your numbers through my model, and I got a negative cash on cash and a DCR of less than 1. 

@Charles Ma truthfully I have no experience with the the arena of dedicated space for the peerspace and storefront rental business model but that doesn't mean that it couldn't work.

but to have a business model 100% geared to unlicensed activity where you never take title and your only purpose is a scheme to make these assignment fee's then yes that's selling RE without a license.its just leveling the playing field.the other example is all the lenders that say they are nationwide but are not NMLS licensed well 12 states require state and NMLS license but that does not keep people from making loans anyway.. were as someone like me has to be licensed to be legal in my state .. state license CE  FBI background.. but someone else can just come in and make loans with no license >>>> I don't think so.. and neither does the state.. and neither do borrowers if they figure it out.. borrowers will all of a sudden find themselves with a interest free loan ..

Hey BP,I'm Ralph, a new investor in the DC metro area. I've been a fan of the podcast for about 3 years now, and passively reading the forums. I'm a long-term buy and hold investor, I currently own an SF rental in Bal...