Gino Vivalda
New Member from Arlington, VA
23 February 2016 | 8 replies
I look forward to gaining knowledge from the BP Community.
Joseph Perez
A New Broward and Miami-Dade Member
19 January 2017 | 5 replies
What I looking forward to is gaining for knowledge the next 3 months, joining some local clubs, and building on my networking opportunities through my current job.
Joe Capobianco
FHA, 20% or keep saving
23 February 2016 | 15 replies
Stay in one unit for two years and then sell if you want and take the gain from that unit tax free and 1031 exchange the gain from the other unit into another larger or more than one smaller properties.
Rebecca Winslow
Hello from Baltimore!
10 March 2016 | 28 replies
I have gained insight from their experiences and am excited to begin my own REI adventure.
David Green
Chicago Southside neighborhood recommendations
17 February 2016 | 4 replies
I am interested in using the Brrrr strategy to grow my buy and hold portfolio and need help.I have spent quite a bit of time reading the forums (and many other sites/tools) to gain insight into southside suburbs and neighborhoods, but the process is just too slow.
Shawn Gardner
Newbie from Chicago, Illinois
17 February 2016 | 4 replies
With that being said I'm looking forward to seeing what I can gain from BP.
Bryanna Mendoza
Newbie From Spokane, Washington
18 February 2016 | 16 replies
, and online forums to gain enough confidence and knowledge for future endeavors in real estate.
Armand P.
Newbie here from Nor Cal
16 February 2016 | 5 replies
HI All-I've been listening to podcast and gaining a lot of knowledge!
Alexander Santini
Seller financed idea, just a hypothetical, figured i would share
16 February 2016 | 0 replies
, but i ran the numbers and after that it didn't look so appealing, and if you were to factor in capital gains and other fun government taxes, well, i don't think it's a good option, and there are for sure better ways to exit.The numbers play out like this (not considering taxes, capital gains, and other factors, i was just trying to play around with the idea and keep it simple for the start):Your NOI: ($119,160 + $30,000) - $70,000 = $79,160 or $2638.67 per year for 30 years and $219.89 per month for 30 years when you factor in the 30% down into it ($137 per month for 30 years)Cap Rate: 2633/70,000 = 3.76% per year for 30 yearsCash flow: $331 per month for 30 years but only $137 of that would be profitROI: 2.33% without the 30% down factored into it (3.76% with the 30% down factored into the calculation)Total ROI = $79,000/$70,000 = 112.86% over the course of 30 yearsConclusion:Well, from what i see here, the problem is the interest rate used.
Account Closed
Becoming a real estate agent in DC metro area?
17 February 2016 | 7 replies
I am eager to get started in real estate and am thinking of becoming a real estate agent to gain knowledge and work for myself while I develop the investment side.