Here's an example from one of his classes:•4 Bedroom, 2.5 Bath•Roll in all extras like AC, landscaping, fence, etc•Total purchase price $350,000•20% down payment and $5,000 in closing costs•$75,000 total invested•Manage it yourself•8% Maintenance Reserve•New Construction: you’d expect it to be lower for the first year or two…Note, he's using a 3% assumption.

I'm still looking for answers on where to market off market deals as I have a bunch of multifamily opportunities where I'm direct to the sellers here in the Houston area.We already scratched the idea of hiring a BROKEr (a wholesaler often times have better deals than broker) and the false assumption that I need a real estate license.

When I run the numbers based on the above assumptions, I get these results. 

It might be a false assumption for the house.

My response is only under the assumption a foreclosure sale is completed:Contrary to some opinions, typically, up until the foreclosure sale (If there is one), the bank knows nothing about tenants.

Your goals and story: To purchase either a SF or MF home to House HackType of property: SF or MFLocation of property: Wilmington, NCPurpose of financing: purchaseType of financing sought: Not sure, Fannie/Freddie, private, seller-carried, subject-to, loan assumption, commercial, FHA, VA, USDA.Current or prior ownership of real estate: Have not owned any real estate ever.

In any case, you have to qualify for the loan assumption just like for a new loan.

I know CoCR is more or less moot for NYC, but IRR takes into account appreciation as well...and at my current (albeit conservative) assumptions, I'm only getting 7-8%.

Our eye isn't on the RIGHT ball, our eye is on the LAST ball, with the incorrect assumption that "history repeats itself."

Purchase price: $136,000 Cash invested: $44,000 I was able to assume this loan through an assumption loan.