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8 December 2022 | 5 replies
If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!
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20 November 2022 | 7 replies
Income/GRMs tends to vary widely in 2-4 unit properties and is not very consistent in my markets and therefore, typically doesn't seem too meaningful in my 2-4 unit reports.
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18 November 2022 | 22 replies
In my opinion.. the best thing any hungry, dedicated and consistent young person can do is get into sales because you can take that risk of trading your time for money without worrying about massive overhead or feeding a family.
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3 January 2023 | 16 replies
If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!
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15 November 2022 | 5 replies
All it takes is consistent effort and you will get to wherever you want to be in life!
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30 November 2022 | 31 replies
If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.
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17 November 2022 | 52 replies
So let's visit "reality Island" (LOL) and try this out with realistic numbers.1 - Same house - $100k in price2 - Same DP = 30% = $30k3 - Same Loan = $70k4 - Same terms (7%, 30years) = MP = $466/month5 - Realistic CF = $500/month; $6k/year, all put back in...6 - Realistic early payoff in 14 years.7 - Total interest reduced = $48,3438 - Total added cost to you from CF (#5) = 14yrs * 12 mos * $500 = $84000...right away, the added cost to you using your CF is $38k more than the reduced interest, but that's not the real problem,...9 - Total cost to you = DP + extra pmts from CF = $934/month; $11,20810 - At the end of 14 years, you will have paid $84,000 for the property, with no income/profit.11 - New CF = $966/month; $11,592/year12 - Number of years to recover total cost (#10) from accumulated CF (#11) = over 7 years.13 - Bottom line, doing this would mean you wouldn't see a profit for 21 years...and a lot can happen in 1 years, ...what about 21?
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12 November 2022 | 14 replies
See the image below.If you follow the steps I outlined, your odds of consistently buying dependable passive income properties are excellent.
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23 November 2022 | 16 replies
There’s not a HUGE surplus of 6 figure plus wage earners and so I find the renter pool to be consistently around our median income of about $60k and factor that into safe numbers for rents.
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22 November 2022 | 56 replies
@Sam Dorgalli commitment and consistency.