Scott Isley
Understanding Nashville Sub markets better?
17 December 2013 | 17 replies
Let me know if I can help you with any boots-on-the-ground type stuff.
Frank Domino
New Member with 1st Question (Lafayette, LA )
10 August 2015 | 7 replies
Not sure if I am being overly cautious but here are the numbers I am currently looking at:$74,000 purchase price ($71,000 property with $3,000 toward closing costs)$12,600 gross annual rental income or $1050/mo or 1.4% of purchase price ($13,800 potential w/ $1,200 vacancy cost)$8,100 Total Annual Operating Expenses ($1,000 taxes, $3,000 insurance, $1,000 property management, $1,800 repairs and maintenance, $300 Utilities, $500 lawn & grounds keeping, $500 miscellaneous)$5,082 Annual Debt service (20% down, 6.5% interest rate, 20 year amortization, $56,800 total loan Amount)This leaves me in the red with an annual cash flow of ($582).If I instead use your method I would have $12,600 annual rental income - $6,300 total annual operating expenses - $5,082 annual debt service (used my number because these are the current terms from my lender) = $1,218 positive yearly cash flow.After reviewing this, I guess my questions are...
Jacob A.
Before and After.... My First Flip!!!
7 May 2014 | 204 replies
I log huge hours as well but real estate can really set you free economically if you have goods ideas, develop a good team with boots on the ground and buy right.
Adam Price
Motivated newbie from Washington breaking into REI
18 November 2013 | 10 replies
I'm happy to be a leg man for more experienced investors who need boots on the ground searching for deals, property check up, or etc, i could use the experience and would be happy to connect with people.
Account Closed
Newbie wholesaler from Toronto looking for all types of investors
3 December 2013 | 27 replies
Lots of Canadians buying in the US.I can't help you on the wholesaling route, I also have no idea how you could wholesale in the US living in Canada, just simply because you aren't on the ground here to find the deals, but if you have friends doing it then who knows.Good luck!
Jerry Koonjbeharry
Newbie
18 November 2013 | 4 replies
They need a team on the ground and tend to pay more which means more profit.Good LuckPaul
David Mora
seller trying to back out of contract what do i do?
17 November 2013 | 3 replies
Now, that was better advice by all above.Never threaten a law suit unless you intend to carry it through as that is grounds for a suit against you!
Felipe Munoz
New Member Introduction
18 November 2013 | 6 replies
So we've got some common ground there!
Kenny K.
Realistically, what kind of job/income would you need to be able to start out?
20 November 2013 | 16 replies
Miami,Broward and West Palm Beach RE market is really tough for begginers,either buy and hold,or fix and flip(property values too high,and not so many helpers out there)and i belive sharks owns the wholeselling scenerario very quited,that is my feeling in 3 weeks learning here with little or zero info coming from those areas.Working in Real Estate industry can open doors for you to have a networing and get your foot on the ground ,who knows if you got lucky and find the great deal,somebody said here too ,if you have the deal money will come..Start grinding and good luck.Excuse my English grammatical mistakes,is not my Natural Lenguage..
Ted Bachman
Privite money
3 May 2014 | 29 replies
Same applies to other things people do, just because someone does something and likes doing it isn't grounds to suggest others do it. :)