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Results (10,000+)
Richard Warren Than Merrill of Flip This House
13 May 2016 | 67 replies
After 1 year, i have completed 18 real estate transactions with all of them netting over 20K and i have created multiple streams of income for my business that give me monthly profits of over 5K a month.
Lakisha W. New to the forum and have a couple questions...........
23 June 2008 | 7 replies
You now have about $12K invested in the property, if you include closing costs on the loan.You rent the place for $1050/month, and assuming an 8.5% vacancy rate (a month a year) and expenses of 40% of net income (a little low, but okay since you just rehabbed), you should see the following returns:- $40,000 in total equity created from the property ($120K valuation minus $80K loan)- Year 1 Cash flow: $862- Year 1 Equity Accrual from Payments: $894- Cash-on-Cash Return: 7.43% (not including equity generated by rehab)- Total Return: 15.14% (not incl. rehab equity or tax benefits, which are investor dependent)- Total Return Including Equity Generated by Rehab: 347%If you choose to keep the property for longer than a year, your total return will obviously drop, but you're still receiving nearly $1000 a year in cash flow, $1000 a year in equity, and still have $40K in equity generated by the rehab.Rinse and repeat...
Dan Demers Google Adwords
13 September 2018 | 8 replies
With a small budget, you should not be trying to create a bunch of campaigns and ad groups cause it doesn't result in any monetary benefit.
John Chan What determines land value?
20 August 2008 | 7 replies
(read the coastal areas that created the current market bubble.)If you are in a rural town in the heartland chances are that you can buy a piece of property with a house on it and it's going to be the house that drives up the land at a steady rate keeping pace or slightly out pacing inflation (contractors prices are going up lately because of gas prices).If you buy the same house on the coast chances are it will be worth lots more because of the location of the land it is sitting on.
Loc Nguyen Appreciation question.
1 August 2008 | 41 replies
I prefer keeping all properties seperated from all other deals.When you borrow against equity to buy your next then borrow more equity for the next etc your creating the proverbial house of cards.
Jason Schmidt can someone please explain this 50% rule to me?
9 July 2008 | 163 replies
On the other hand, the business owner, who hires employees (property managers, contractors, etc) to do the work for them, comes back to find their business more profitable than when they left.Mike does his own PM, repairs, etc. etc. which creates a situation in that if he is not there, there is no one to answer the phone call about the exploded water heater at 2am.
Dan Bohannon Property Websites -- Effective?
4 July 2008 | 13 replies
Do you find them to help or create more of a burden?
Joshua Dorkin ***Official July Goals Thread***
24 July 2008 | 21 replies
Get our logo created.
Ashan D What should my college major be?
19 August 2008 | 60 replies
The best advice I can give you is to save your money and time and focus that on creating yourself a job that you love to do.
Travis Bauman 10 unit in Ohio
4 July 2008 | 15 replies
If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.