If you are BRRRing things could get real ugly real quick in any sustained downturn....especially for some of the investors out there on $100 door margins.  

No rich real estate agents are afraid they will loose money is why they don't like wholesaling, they could care less about the people it's a money thing all about money!!!!

A quick calculation of the numbers Shawn posted and this was a flop!

You also have it on a 15 year note, so cash flowing on  a 15 year note simply wont happen, so that should be taken into consideration that you will pay this off rather quickly.

Heres the situation in a quick paragraph:I house hacked my first single family home 8 years ago. 1 year ago I moved out of it and into a larger home for my new family.

If the zoning code is online I can do a quick review to see what you can build.

I found one on the MLS and ran number against it and wanted to know if I am doing it correctly or if anyone has pointers,Here is the rundown:Sales Price - 37,00025% Down Payment (from a HELOC) - 9,250 Remainder - 27,750Closing Costs - 4,000Mortgage - 31,750Income:Rent - 750Payments:Mortgage & HELOC (@6%) - 293.78Tax - 75Insurance - 100Repairs (5%) - 37.50Vacancy(7%) - 52,50Property Mgmt(10%) - 75Total - 633.78Cash Flow - 116.22I want to pay off my HELOC as quick as possible, so that should up the cash flow to 219.64Please provide some feedbackThanks in advance for your help!

Concentrated bleach, a garden hose, and a scrub brush made quick work of the mold on the concrete.

Business growth has been successful way beyond what I imagined but word spreads quick in a small market like ours.

Thanks guys, I really appreciate the quick responses. 80% AVR would help the situation and if she’s able to bring repair cost down.