Hey guys!So I had a goal to buy my first home by the end of this year. I spent early morning and late nights stalking Zillow, and, in early October, my diligence paid off and I found what would be my first property!- ...

The third book is purely legal but is a must read to understand all legal requirements and hurdles.

I'm purely basing my numbers on an hourly rate of $10-$12 an hour, depending on how reliable/serious the applicant is. 

I have little to no interest in flipping and other aspects of real estate investing (bc I'm purely a buy/hold investor), but I still listen every week because I love the chemistry between Josh and Brandon and the fantastic guests.  

Lets use a 30 year fixed at 5%.ROI for cash purchase in year one is $6K/$100K = 6%ROI for the financed purchase is a little more complicated since your gain on the investment would have to be lessened by the interest paid (I'd not reduce it to pure cash flow by including the principle paydown).

You want investments throwing off that passive income so that you do the next transaction out of pure joy and only working with clients you want to.Having that freedom can be the ultimate satisfaction.You said 50 transactions is your goal in a year.

These folks are all accredited, it may be they are testing the waters w/you for the first time or timing in their lives (can't unwind a larger investment) so from a pure marketing standpoint, I would rather have more investors than less that grow w/me over time since they have proven for the most part that they are successful in their own lives to be accredited in the first place.  

Purely anecdotal evidence, but I had a guy reach out to me who quit his job managing a grocery store, paid one of the famous $30-40k and is looking to syndicate MF full time.

Just curious, when people say that they have $5k passive income from real estate for example, typically is this number just a pure cashflow after setting aside the reserves (vacancy, cap-ex, repairs) , or is it cashflow plus reserves? 

This is just simply purely our opinion from our experience.