Taxes are $500 a year and insurance would be cheap for me.Here are the numbers :14% Cap RateTotal Monthly Income: $375.00x50% for Expenses: $187.50Monthly Payment/Interest Payment: $134.90Total Monthly Cashflow using 50% Rule: $52.60One benefit is this house is two blocks from my house, and is in really good condition.What does everyone think about this deal?

It would be great to hear from others that are in are have been in mastermind groups how the groups have benefited them or their business!

Now you see how the faster pay down happens - essentially it comes from making an extra monthly payment every year.Now, if you take that biweekly offer, you will also incur loan closing fees.

I appreciate the benefits of knowing the market and a laundry list of other benefits that are reasons I've recommended here on BP to become licensed.

Now if you're talking about finding a job where you work the graveyard shift so you're free during the day to take calls and look at properties then that would be a benefit for your wholesaling business.

And you get the benefit of having 40 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Two Great reads, I bought both J.

An inspection is not going to be an option before the bidding period ends tomorrow, and so I will have to bid without the benefit of a full inspection if I do so...so I'd appreciate any thoughts anyone has about what might be going on here, particularly with the door.

If living in the property was part of the plan and a benefit to you, I fully understand.

I just bought my first house to flip a couple days ago, so may benefit from your experiences.

In the meantime, you save about 4%-5% interest rate on your mortgage, which is essentially the yield you get when your cash is idling.