Brian Gibbons, just a clarification--- the $900 is the total expenses monthly.

The main benefit - is that most banks only allow a person to have 4 loans total.

I found him rude and arrogant and wound up somewhat amused by his act by the end of the day.I was a complete newbie and probably totally naive - this was the first speaker I had ever seen through our REIA - and I wound up signing up for a weekend conference that was supposedly being put on by a guest speaker who came in for an hour during that day (I didn't want anything to do w/Foxx, but I thought this other speaker had potential).

Option B: Receive cash-flow and immediately feed it to any notes payable, essentially converting current assets to fixed assets (equity).Both options contribute to the Total Owner's Equity at the end of the day.Cash Pros:Liquidity, especially when you need it.Cash Cons:The dollar historically get's weaker over time.Equity Pros:Real Estate historically get's more valuable over time.

. – I totally agree “ prospect “ For example :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I use to wake up each morning and my 1st words normallyThank You for allowing me another dayThe last several weeks it’s been “ I need to prospect…prospect…prospect “

Jacob, after two years (2 tax returns) of documented rental income, lenders will then use 75% of your rents as income and add it to your total Gross income (this is actually a high number to use considering less than half is viable for use per the 50% rule).

Total development costs?

This is his calculation:Estimated Gross Income : $206,268Estimated Total Expense : $107,515Estimated Property Taxes: $ 16,536Estimated Insurance : $ 8,004Estimated Total Expense : $132,055Net Annual Operating Income: $74,213Purchase Price : $320,000Plus Estimated Rehab Cost : $100,000Total Cost : $420,000ROI : $74,212 / $420,000 = 17.66%Now I don't know how much was added for management, maintenance, vacancy and other operating costi) What would you do from here?

Williamsburg rents $775. leased 12/1/20123. separate utilities4. utilities paid by tenant5. unsure (I asked how old the roof was)6. both have been partially or totally replaced in the last year (HVAC system)7. hot water heater dishwasher (new replacements)8. none known (serious issues)9.

.+ den can be used for office+ the family room was a bedroom before with closet- no garage, two car carport- split level, the living room is downstairs- no formal dining room- location is far from public schools but close to a few private schoolsBTW, total available houses for rent on the market is 9 as of today. 6 are 3 bedroom house and they are all listed with higher $/sqft.