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22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.
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23 July 2024 | 16 replies
When I started my preference was to work with realtors.
21 July 2024 | 15 replies
I didn't like this location a few years ago, even though it was starting to turn.
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19 July 2024 | 6 replies
While we all need to get started somewhere.
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18 July 2024 | 7 replies
We purchased a house back in 2017 for 140k that is now worth approximately 265k. Current payment on it is around 900 with about a 4% interest rate. The expected rent is 1,600/ month. We purchased another house and a...
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21 July 2024 | 35 replies
Does anyone know of solid courses or information I can use to get started?
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17 July 2024 | 20 replies
Starting this business (and you have to realize it is a business) is not easy and there are so many moving parts.
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16 July 2024 | 11 replies
You can trade your skills for experience and windows into how they are doing it.
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22 July 2024 | 20 replies
What led you to start the process with them?
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23 July 2024 | 13 replies
House Hacking is a wonderful way to get started in investing.