Vince Futia
Feedback, thoughts, idea's
26 April 2015 | 3 replies
Just wanted to get some feedback on a potential investment I was looking atFacts: 2 family (4br + 4br) / students / Always rented / 2500 sf of living space, house is in very good condition a great deal of remodeling has occurred in recent years, new kitchens, bathroomsGross rents $3680.00Expenses: taxes (currently $4360.00 + Insurance, water, maint, misc (total $950.00)NOI: $ $32,760.00Debt Service ($176,00 @ 4.25% - 30yrs) $866 / monthly ($10,392.00 / yrly)Net Income $1864.00 / monthly - ($22368.00 / yrly)Cash invested: $44.000 down + $5,000 closing - $7200 Security deposits = $41,800.00Cash on Cash Return" $22,368 NI / $41,800 cash invested = 54%Gross Rent Multipler ($222,000 / $44,160) = 5.0Cap Rate ($32,760 NOI / $222,000) = 14.9These numbers were provided by the current property owner, I hoping for such insights that I might not be considering, any concerns.Thank you all for any insights, thoughts or concerns.
James Reyes
Why does anyone become a "guru" in the first place?
30 April 2015 | 18 replies
Rather, they point to the students that they teach.The true "Guru" knows that he had the easy part.
John Pritchett
New to BP, Military from Ohio!
28 April 2015 | 24 replies
My student rentals are about "1% rule" properties and when I found the site and heard about the 2% rule and that these properties actually exist, it blew my mind.
Joseph Prock
New Cleveland, OH Real Estate Professional
10 May 2015 | 12 replies
I have a student who has a PHD from Notre Dame, and she uses the heck out of that thing when dealing with high end houses.
Account Closed
Wholesaling business is for dishonest, crooks?
24 September 2016 | 83 replies
I suspect, after the schooling for a license, the student will then understand a bit more about real estate and the business of it, they won't need to try and do "net listings" and yes, they can get hammered on a license, especially if some owner said "I thought he was representing me".
Anthony Maggio
Fortune Builders Mastery Program
24 February 2017 | 9 replies
I am a FB Mastery student and signed up about 8 months ago.
Amit Ramraz
Investing in Wylie TX
13 January 2021 | 2 replies
We sold out rental to pay off student loans.
Joshua Dorkin
Best Source for LED Bulbs?
25 May 2015 | 18 replies
In your own home, the bulbs, particularly the replacements for halogen (GU-10, PHAR-20, etc) are a must - massive reduction in energy consumption and waste heat.In our rentals, we've moved towards using LED fixtures w/o bulbs {students will finger the LED bulbs just as readily as any other}.
Khun K thar
how do i sublet an apartment?
9 May 2015 | 0 replies
Hi, I'm an 18 year old student and i have an studio apartment already furnished on my hands right now.
Peter Beardsley
How do I get myself to study this dry material?
1 April 2020 | 21 replies
Or get with other students from the class to go through the homework together.Search on Google to find more information about any topic that you're not quite understanding from the class.