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29 April 2018 | 15 replies
Also, @Rachel Liu, people do well investing out-of-state (just be careful), but have you considered an owner-occupied small multifamily for your first deal?
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5 April 2018 | 3 replies
I'd recommend you do your normal due diligence on these folks, but the concept is pretty well established as beneficial.
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5 April 2018 | 3 replies
I’ve found Investing in Real Estate 7th Edition and What Every Real Estate Investor Needs to Know About Cashflow and 36 Key Financial Measures to help me understand the concepts of analysis by leaps and bounds.
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17 April 2018 | 5 replies
We do not utilize any lead generation services like Thumbtack or Homeadvisor because the ones looking for quotes on those sites only care about who is the lowest.
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19 April 2018 | 33 replies
I don’t care what sob story you have.
4 April 2018 | 7 replies
Take care and as lame as it sounds thank you for your service.
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11 April 2018 | 73 replies
The first time I heard of him and his 'concept'...
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5 April 2018 | 3 replies
(I imagine your title company would take care of that, but good to ask before you even submit an offer.)Do you have any other properties for sale?
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9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
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6 April 2018 | 9 replies
I know of mortgage products for example that will allow you to look at the income being generated from the property itself (don't care about W2, tax returns, etc).