depends what you do in re. dont see why you need a "power team" for buy and hold. just find properties that will cash flow and do your homework.

There is some homework to do here, but I don' t want this to fall through because I'm not familiar with all of the available options.

I tried doing as much homework as possible before submitting an offer on an REO (through our realtor) which would normally be out of our price range.

Make sure you have done all your homework on a deal before you present it to the BP community.

Originally posted by Dr Democracy:...Or this San Bernardino 4-plex (each unit is 3/2):Price: $100,000Monthly Rent: $3200Expenses: $1,600Mortgage (same assumptions): $532Profit: $1,068 ($534/unit)...There is something certainly wrong with the math presented in the quoted piece

Some of us need to see the intermediate steps to really understand how the math works.And what if the interest rate were 8%.

The 2% rule is designed to get a set amount of cash per door at a predetermined rent range... the 50% rule is long term expenses... while the 50% rule is used as an assumption in the math behind the $100/door @ $500 rent 2% rule... they are really in no way related.For myself, I ignore the 2% rule... given a 25% down payment and today's interest rates... 1.5% gives a 15+% CoC return assuming the 50% rule.

Life estates, estates at will, estates at sufferance, remainderman, reversions.A grants to B for the life of C, if C dies blah blah blah blahA grants to C for the life of B, if A dies blah blah blahAlso, I noticed a few math questions that I wasn't reading right.

I did it the same except a 40k property for 25% off is 30k...sell that 30k property for 40k and that's 10k profit on 30k or 33%...just another example to prove the math

Call it $100 to make the math simpler