Foordmore Rd house: Triplex only one unit is completed 2 others need finish workPurchase Price$60,000.00 Down Payment (25% Down)$15,000.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$75,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan5.25%2nd Term of LoanYrs of Depriciation27.5Expected monthly Rental Income$3,200.00 Expected Annual Rental Income$38,400.00 Vacancy/Collection losses %10%Property Tax$2,842.00 Insurance$2,400.00 Repairs/Maintenance (10% of Gross)$3,840.00 Electricity$1,200.00 Gas$-Oil$-Water/Sewer$-Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$200.00 Annual Increase in income1.0%Annual increase in Expenses3.0%Annual Increase in property Value2.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$37,775.00 Total Cash Investments (Down payment + Rehab+Closing Costs)$55,875.00 Total Purchase Price (rehab+purchase price+closing costs)$100,875.00 Loan - initial Cash investment$19,125.00 Buying Cost %$3,100.00 Sales Cost %9.0%Estimated Value After Capital improvement$100,000.00 Summary:1st LoanLoan Amount$75,000.00 Interst Rate6.00%Term of Loans20 Monthly Principal and interest$537.33 Yearly Principal and interest$6,447.91 Annual Operating IncomeYr 1Gross Operating Income$38,400.00 Less Vacancy/Collection (10%)$3,840.00 Effective gross income$34,560.00 Annual Operating ExpensesProperty Tax$2,842.00 Insurance$2,400.00 Repairs/Maintenance$3,840.00 Electricity$1,200.00 Gas$-Oil$-Water$-Trash$-Advertising$-Mangement Fee$-G&A$200.00 Net Operating Income$24,078.00 Market Value of Property$100,000.00 Capital Rate of Return (NOI/Market Valve)24.1%Cash FlowNet Operating Income$24,078.00 Yearly Principal and Interest$6,447.91 Cash flow before tax's$17,630.09 Monthly Cash Flow before taxes$1,469.17 TaxesNet Operating Income$24,078.00 Annual interest$4,500.00 Annual Depreciation Improvement$1,789.09 Taxable Income$17,788.91 Income Tax Due$4,980.89 Cash Flow after Taxes$12,649.20 Monthly Cash Flow After Taxes$1,054.10 Cash on Cash23%Center St House: duplex fully rented needs new roof and some minor plumbing workPurchase Price$40,000.00 Down Payment (25% Down)$10,000.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$45,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan0.00%2nd Term of Loan0 Yrs. of Depreciation27.5Expected monthly Rental Income$2,125.00 Expected Annual Rental Income$25,500.00 Vacancy/Collection losses %10%Property Tax$2,500.00 Insurance$1,800.00 Repairs/Maintenance (10% of Gross)$2,550.00 Electricity$1,920.00 Gas$-Oil$1,867.57 Water/Sewer$3,000.00 Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$300.00 Annual Increase in income2.0%Annual increase in Expenses3.0%Annual Increase in property Value0.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$16,060.00 Total Cash Investments (25% ARV + closing costs)$17,500.00 Total Purchase Price (Rehab+purchase price+closing costs)$58,560.00 Buying Cost %$2,500.00 Sales Cost %9.0%Estimated Value After Capital improvement$60,000.00 Summary:LOAN PMTLoan Amount$45,000.00 Interest Rate6.00%Term of Loans20 Monthly Principal and interest$322.40 Yearly Principal and interest$3,868.75 Annual Operating IncomeYr. 1Gross Operating Income$25,500.00 Less Vacancy/Collection (10%)$2,550.00 Effective gross income$22,950.00 Annual Operating ExpensesProperty Tax$2,500.00 Insurance$1,800.00 Repairs/Maintenance$2,550.00 Electricity$1,920.00 Gas$-Oil$1,867.57 Water$3,000.00 Trash$-Advertising$-Management Fee$-G&A$300.00 Net Operating Income$9,012.43 Market Value of Property$60,000.00 Capital Rate of Return (NOI/Market Valve)15.0%Cash FlowNet Operating Income$9,012.43 Yearly Principal and Interest$3,868.75 Cash flow before tax's$5,143.68 Monthly Cash Flow before taxes$428.64 TaxesNet Operating Income$9,012.43 Annual interest$2,700.00 Annual Depreciation Improvement$1,192.73 Taxable Income$5,119.70 Income Tax Due$1,433.52 Cash Flow after Taxes$3,710.16 Monthly Cash Flow After Taxes$309.18 Cash on Cash21%Church St house: Unoccupied, needs total rehab but has 3 units:Purchase Price$10,000.00 Down Payment (25% Down)$2,500.00 Improvement Ratio (Value of Land subtracted from purchase price)82%1st Loan$45,000.00 1st Interest Rate on Loan6.00%1st Term of Loan20 2nd Loan Amount2nd Interest Rate on Loan0.00%2nd Term of Loan0 Yrs. of Depreciation27.5Expected monthly Rental Income$2,600.00 Expected Annual Rental Income$31,200.00 Vacancy/Collection losses %10%Property Tax$2,800.00 Insurance$1,200.00 Repairs/Maintenance (10% of Gross)$3,120.00 Electricity$2,880.00 Gas$-Oil$2,800.00 Water/Sewer$4,500.00 Trash$-Advertising$-Management Fees (10% of Gross Income)$-G&A$300.00 Annual Increase in income2.0%Annual increase in Expenses3.0%Annual Increase in property Value0.0%investors Tax Bracket28.0%Self Employment tax0.0%Total Tax Rate28.0%Immediate Cash Improvements$41,200.00 Total Cash Investments (25% of ARV+closing costs)$16,600.00 Total Cost Purchase Price + Rehab + Closing Costs$52,800.00 Buying Cost %$1,600.00 Sales Cost %9.0%Estimated Value After Capital improvement$60,000.00 Summary:LOAN PMTLoan Amount$45,000.00 Interest Rate6.00%Term of Loans20 Monthly Principal and interest$322.40 Yearly Principal and interest$3,868.75 Annual Operating IncomeYr. 1Gross Operating Income$31,200.00 Less Vacancy/Collection (10%)$3,120.00 Effective gross income$28,080.00 Annual Operating ExpensesProperty Tax$2,800.00 Insurance$1,200.00 Repairs/Maintenance$3,120.00 Electricity$2,880.00 Gas$-Oil$2,800.00 Water$4,500.00 Trash$-Advertising$-Management Fee$-G&A$300.00 Net Operating Income$10,480.00 Market Value of Property$60,000.00 Capital Rate of Return (NOI/Market Valve)17.5%Cash FlowNet Operating Income$10,480.00 Yearly Principal and Interest$3,868.75 Cash flow before tax's$6,611.25 Monthly Cash Flow before taxes$550.94 TaxesNet Operating Income$10,480.00 Annual interest$2,700.00 Annual Depreciation Improvement$298.18 Taxable Income$7,481.82 Income Tax Due$2,094.91 Cash Flow after Taxes$4,516.34 Monthly Cash Flow After Taxes$376.36 Cash on Cash40%

It wasn't until my Fortune 500 company employer fired me that I got some clarity: I was basically unemployable (by others) and loved the idea of being my own boss. 

I hope i can become self-employed starting with gathering the relevant knowledge and skills to sign my first deal. 

A market where there's population & strong employment growth, low cost of living, great schools, and tourism just to name a few.I currently own a duplex in the suburbs of Philadelphia.

I'm self-employed and have max out my solo 401(k) plan, but if I were working a job, I would, at the least, invest up to the max of any company match I was eligible for.

Also you are providing someone with a really nice job that will help them in their path in life much more than what they would be getting paid from a normal employer in their country.

It wasn't until my corporate employer fired me that I was able to focus on the one thing I loved doing.Not that the transition was easy, either.Focus on fundamentals of real estate education.

This is a creative bunch, and I was certain someone here had some risky, sexy venture they employed for such. 

Having a degree in finance is definitely nice, that way if you need to look for employment, you have options. 

Examples: Did not realize $500 tax bill was important so did not mention; Found out they needed more proof of time in employment; No, 34 hours does not mean "Full Time"; Decided after a month of showing, they changed their minds and want to rent; Champaign taste with Beer budget, etc.