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27 August 2017 | 20 replies
Then once I joined my husband and children qualify to be members.
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18 March 2015 | 3 replies
I have two deals, but I can only finance one.First deal: 4-Unit Building for Buy-and-Hold-28,00 down, 188,000 asking price (about 85-90% market value assessed through comps)-owner financed for two years with refi-balloon, owner pays insurance and taxes AND will take ALL of my payments toward principal (28,800 over two years), leaving me with 131200 left on principal after the two year period-property is in a small, clean, safe, and well-to-do 'podunk' town between three of four of this area's biggest cities, allowing less than a 20 minute commute to all of them-the property will likely need few, if any, repairs and cap-ex over the next few years as it was gutted and completely rehabbed 18 months ago-I would be paying ALL utilities and internet access, at least for the first two years prior to my refinance-proforma: After Purchase Rents 3000 Facilities income 100 Gross Operating Income 3100 Taxes 100 Insurance 90 Vacancy @8.33% 250 Maintenance @6% 180 Management @10% 300 Refuge 20 Water / Sewer 100 Cable 150 Gas and Electricity 400 Net Operating Income 1780 Debt Service 600 Cash Flow 1180 During 2yr LeasingRents3000Facilities income100Gross Operating Income3100Taxes0Insurance0Vacancy @8.33%250Maintenance @6%180Management @10%0 (I will manage)Refuge20Water / Sewer100Cable150Gas and Electricity400Net Operating Income2050Debt Service1200Cash Flow780Deal Two: 3/1 for partial rehab and flip OR buy-and-hold-in a family-neighborhood with good schools (where children in the public schools get free college eventually), in the wealthiest and fastest growing of those 3 cities mentioned above-needs a 50% rehab (ALL new appliances, new kitchen, new windows, full cosmetic throughout-has a basement and space for a master bath to make it a 3/2-comps in the area run 80K to 100k-monthly rental price could be 1100-1300-buying it from a wholeseller with whom I could establish a relationship for future benefit-Estimates: Purchase Price 19000 Repair Costs 24000 After Repair Value 90000 Purchase Price % of ARV 21% 6% Agent Commision 5400 Closing costs 1200 Carrying Cost 4mths: tax 580 CC: Utilities 1000 Net Profit 40200
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22 March 2015 | 15 replies
If you are shy, don't want to quit your job, have children, are married etc. then you must take those things into account before choosing an investing strategy.
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19 July 2015 | 19 replies
Inspirational and motivating!
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23 March 2015 | 16 replies
I've never been so inspired/motivated EVER in my life.
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7 August 2015 | 78 replies
Doug W.Really appreciate the very inspiring and sincere post.
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23 March 2015 | 8 replies
Watch videos on YouTube about inspiration and motivation.
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13 March 2015 | 23 replies
It's more effort to find a new home when children are involved, as schools and other amenities play into the picture - as well as the costs of moving and the fact that rents are often comparable in good areas.
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23 March 2015 | 10 replies
The way you freely give of your time and knowledge is truly inspiring.
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16 March 2015 | 13 replies
I'm not married, no children, and I think it's an ideal time for me get started.