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7 September 2016 | 10 replies
First step is to check with any government agencies that would have records on the wells.. hopefully they will, as well as an as-built so you know which is which.Then, unless your budget is really tight, hire a well company to come trouble shoot the well, find out which one is flowing, get a pump installed....
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9 March 2018 | 13 replies
To get there I am working on increasing my income and reducing my daily living expenses.I had a massive personal budget overhaul about a year ago and reduced my expenses as much as I could, all expenses are planned and budgeted and I know exactly how much cashflow I have each month if there are no unexpected expenses.Part of that is I am focusing on flipping/wholesaling property to build more capital and then use it to buy more rentals as well and focusing on increasing my J.O.B. income until I can do REI full time.I think either route can work, buying only rentals may be a little slower at first but if the equity and cash flow are managed well it can increase more and more.
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12 September 2016 | 8 replies
I think the NYC metro area is great for BRRRR, but watch out for the high property taxes - can make positive cash flow difficult in some areas.
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9 September 2016 | 3 replies
My spreadsheet for the property included an initial capital infusion at the outset to create a cushion to absorb unit turn overs, cap ex, etc until flow could catch up.
6 October 2016 | 33 replies
Hi Bianca, if you are buying for cash flow, it is overpriced.
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24 August 2017 | 42 replies
What do you think that did to my cash flow for the year?
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18 March 2018 | 8 replies
With a 5 year balloon with a local bank even if we have a great deal that cash flows well they may decide not to renew the loan simply because the market has contracted.
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1 September 2017 | 39 replies
Your goals and perspective and mine are geared towards highest possible success, whereas most of the people on this site just want to flip a few properties here and there, or get cash flow units to achieve a more financially stable life.
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22 August 2017 | 1 reply
With that VA loan you could get a cash flowing property for extra income but that's another thread in itself.
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23 August 2017 | 6 replies
Purchase Price: $374,900.00 Purchase Closing Costs: $0.00 Estimated Repair Costs: $0.00 Total Cost of Project: $374,900.00 After Repair Value $374,900.00Vacancy $420.00 (10%) Repairs $210.00 (5%) CapEx $210.00 (5%) Water & Sewer $300.00 (7%) Insurance $200.00 (5%) P&I $1,509.41 (36%) Property Taxes $347.25 (8%) Total $3,196.66 (76%)Monthly Income: $4,200.00Monthly Expenses: $3,196.66Monthly Cash Flow: $1,003.34Pro Forma Cap Rate: 8.04% NOI $30,153.00Total Cash Needed $93,725.00Cash on Cash ROI 12.85% Purchase Cap Rate 8.04%