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9 May 2019 | 4 replies
I listen to bigger pockets on a daily and have learned a ton from the podcast and from real estate investing books!
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31 October 2018 | 7 replies
I believe you can hook up to three together with the outside unit.
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2 November 2018 | 15 replies
As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).
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19 March 2019 | 10 replies
**mini footnote: A wholesaller is similar to a Real Estate agent, but without the fees & deals worked are always off market, exclusive deals.It was extremely competitive and very exciting and I learned a whole lot.One of the challenges with the market in Madison County is that there are many many deep pockets not only in the area but also those that have trickled down from Middle Tennessee not to mention investors from throughout the worldthat are looking invest in real estate just like you.A lot of my Nashville Buyers have been asking about purchasing deals in Madison county for years.Real estate agents that I have worked with in the area say that there is zero inventory and if something comes available, the buyer has to be 100% ready otherwise someone else will get the deal.That being said, I personally think that there is a lot of potential in untapped areas of Madison County.One of the biggest differences between Nashvilles market in Huntsville‘s is that there hasn’t been anyone that has been brave enough to build/Rehab/re-vamp areas that are undesirable i.e. north side.
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30 October 2018 | 9 replies
Aside from the book I am currently reading from bigger pockets, are there any books you would recommend for me to move on to after?
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28 October 2018 | 1 reply
I could recieve a fha loan with only putting three percent down but inwoild have to live in it or convenientional loan 15 percent that I’d have to live in of 25 down and i wouldnt have to live in it.
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9 October 2019 | 6 replies
EVERY Alabama Supreme Court decision ruling that a taxpayer can redeem because it has been less than three years since the tax deed, has been a void tax sale case.
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1 November 2018 | 6 replies
I've been actively looking for about three months and I haven't had a lot of success.
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8 November 2018 | 10 replies
From that point on, I would plan on spending money on Amazon on three different kinds of books: personal finance, real estate investing, and basic home maintenance and improvement.Mingze, househacking from the start is just one way.
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14 May 2019 | 5 replies
He was also a guest on Bigger Pockets Podcast recently.