Monthly Income:$1,150.00Monthly Expenses:$750.72Monthly Cashflow:$399.28Pro Forma Cap Rate:7.32%NOI:$9,156.00Total Cash Needed:$30,000.00Cash on Cash ROI:15.97%Purchase Cap Rate:9.16%Total Monthly Income:$1,150.00x50% for Expenses:$575.00Monthly Payment/Interest Payment:$363.72 Total Monthly Cashflow using 50% Rule:$211.28

I was just watching the free videos about the 50% and 2% rules and something didn't quite make sense.

@Andrew Lomakin,The rules for tax liens and deed vary from county to county and state to state.

That's the price you pay for "easy" money with minimal risk (i.e., wholesaling).

Also an easy way to find buyers is to get with your local RE Agent and when you get a contract with a seller, then ask the agent to give you a list of properties that have been bought in that neighborhood with all cash in the last 3 years.

We are particularly interested in areas allowing a great lifestyle (good food, spending heaps of time outside, close to the beach, quick and easy access to great cities, etc) such as California, South West of France, Barcelona, etc...We currently own a 2 bedroom apartment (paid cash) close to the beach and the main English schools in Malta.

Dear all,Need guidance around Real Estate Professional exception for passive loss rule when managing multiple rentals.

For an LA investor I like Phoenix because it's only an hour flight away, and man, the Landlord rules are 100 times better than LA.  

FWIW, it's not particularly easy to get a Green card - although the process can depend on the country of origin.  

Entering in all of the pro forma data for every multifamily property would take forever, so I am going to implement the 50% rule in order to weed out the good from the bad.