The kitchen is a high traffic area, and we have three dogs that give it a good workout every day.

I think I like the strategy sessions more than the main meetings (but the main meetings have food).

Otherwise their guidelines say 6 months for a cashout.Still more money in this particular property than I wanted in my acquisition stage, I'm also trying to work out a private mortgage that I could do a rate and term refi on but I'll have to see if that works out.

Either way, there are ways to work with the selling side of the equation to work out something that benefits both sides.

She can put it in her children's names (there are three of us), but we haven't taken the steps to do so just yet as we are unsure of how to do it in the best way.I am interested in the concept laid out in this post and am wondering if there is a way for me, as a new investor looking for my first property, to work out some deal that helps my mom's situation as well.

@Andrew Nguyen - We're just getting things started & hosting the weekly work sessions right now and looking to add more events as we grow the community.

The numbers workout as follows Down Payment and closing: 52k Garage Rent: 750/month (already has tenant) Utilities included Basement Rent: 1100/month (already has tenant) Utilities included Main House: 1650/month Utilities included rented as shared rooms as my mom will live there as well Principle/Interest: 930 Insurance/Taxes: 320 Utilities: 600 Total Cost: 1850 Total Rent: 3500 With upkeep and vacancies figured in at 900/month my income should be ~750 month or a 15-17% cash on cash return.

Hello - My name is Mark Hicks from Blaine, Washington and this is my newbie introduction post.I've been a residential general contractor for the past 15 years and have purchased and sold a few properties since then, but have never pursued REI seriously.Last week I went to a "Free Seminar" by the Rich Dad company, mostly out of curiosity and an unwillingness to go work out in the rain that day.

It won't work the same on properties of different price ranges.a 20k, 100k and 1m property will all work out differently w the 50% rule.

Each session is repeated twice and you have to get 100% on all of the questions to move onto the next session.