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25 June 2008 | 9 replies
I have two of the buildings in Tbay listed on the ICX, to get more exposure, but I'm still trying to figure out other ways to get these buildings sold.
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15 May 2008 | 0 replies
With high energy prices, I figured for sure this stock would benefit.
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14 May 2008 | 2 replies
As for getting over your head, that is something only you can figure out.
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16 May 2008 | 2 replies
. $70 monthly (IO) so as long as you can get $70 more for the larger of the two, you will be fine.Also, the larger house needs less repairs according to your figures and is newer (better resale value down the road & possible less capital expenses).In the end, it is a personal decision you must decide and above are only my observations.
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16 May 2008 | 3 replies
Get her to agree to that figure, then start working it with the bank.
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18 May 2008 | 3 replies
I haven't figured out a way around outsourcing at the beginning - outside of managing yourself of course and we're a bunch of E-Myth and 4 Hour Workweek geeks about it...lol.
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19 May 2008 | 3 replies
If you are just starting out wholesaling, I would figure that you do not need any type of insurance.
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25 May 2008 | 10 replies
First and foremost, unless you have HORRIBLE credit that 9% is way too much with 20% down. now for the basics...Purchase price $36,000down payemnt $7200financed $28,800monthly payment $293insurance/taxes about another $100 lets figure $400 a month for all thistotal rents $700 per month x .60 (assuming you are going to manage the property)= $420 - $400 for mortgage payment = $20 cash flow per month...now the norm that people seem to shoot for is $100 per door, so you are about $180 short of that.
27 May 2008 | 8 replies
I figure we can 1. live in the condo and buy a house to rent/section 8. 2. rent the condo and buy a bank owned property, hold a year or two and resale for a profit.