., @Jason N., @Llewelyn A., @Domenick T., @Karen Margrave, @Jacob Sampson, @Anthony Hurlburt. 

His wheelhouse is all things real estate related.Cruillance400 N Tampa St 15th floor, Tampa, FL 33602

I am looking to hopefully save folks some headaches:My numbers:For year 1 the Total Annualized Return is based on:(ARV+ total profit)/ARV ^ (1/Number of Years)-1(160,000 + 20,777.91)/160,000 = 1.129 or roughly 129% Total Annualized Return (not sure why it is slightly off with the BP number on the table at the bottom.)Year 2 and beyond this is the formula(Total Cash Invested at Refinance Stage + Total Profit If Sold)/Total Cash Invested At Refi ^ (1/Number of Years) -1($16,200.00 + $29,232.12/16,200) = 2.804451852.80445185^(1/2) or 2.80445185^.5 = 1.6746 1.6747-1= 67.47 or 67.47% Total annualized return year 2Year 3 Total Profit is sold $38,029.60(16,200 + $38,029.60/16,200)=3.34753.3475^(1/3 or .333) = 1.495 1.495-1= 49.5% Total Annualized Return Year 3If you need help calculating exponents like 3.3475 (to the power of or ^) .3333 check out the calculator below.https://www.calculatorsoup.com...With real numbers from the BP Calculator Cut N Pasted$100,000PURCHASE PRICEPurchase Closing Costs$5,000.00Estimated Repairs$30,000.00Total Project Cost$135,000.00After Repair Value$160,000.00AcquisitionDown Payment$100,000.00Loan Amount$0.00Loan Points/Fees$0.00Amortized Over0 yearsLoan Interest Rate0.000%Monthly P&I$0.00Total Cash Needed At Purchase$135,000.00RefinanceLoan Amount$120,000.00Loan Fees$1,200.00Amortized Over30 yearsLoan Interest Rate3.750%Monthly P&I$555.74Total Cash Invested$16,200.00Year 1Year 2Year 3Year 5Year 10Year 20Year 30Total Annual Income$14,300.00$15,912.00$16,230.24$16,885.94$18,643.44$22,726.25$27,703.18Total Annual ExpensesOperating ExpensesMortgage Payment$8,885.43$5,551.00$3,334.43$12,715.42$6,046.56$6,668.86$12,836.36$6,167.49$6,668.86$13,085.52$6,416.66$6,668.86$13,753.37$7,084.51$6,668.86$15,304.84$8,635.98$6,668.86$17,196.07$10,527.21$6,668.86Total Annual Cashflow$5,414.57$3,196.58$3,393.88$3,800.42$4,890.07$7,421.41$10,507.11Cash on Cash ROI33.42%19.73%20.95%23.46%30.19%45.81%64.86%Property Value$163,200.00$166,464.00$169,793.28$176,652.93$195,039.11$237,751.58$289,817.85Equity$44,292.94$49,805.17$55,468.45$67,266.64$99,745.16$179,943.54$286,519.59Loan Balance$118,907.06$116,658.83$114,324.83$109,386.29$95,293.94$57,808.04$3,298.26Total Profit if Sold *$20,777.91$29,232.12$38,029.60$56,688.30$109,960.60$249,237.22$442,433.76Annualized Total Return128.26%67.46%49.59%35.09%22.78%15.01%11.79%1

 Can't say for all Phoenix but East Valley older parts of Tempe or N of the US60, Mesa within a couple miles of downtown on either side. 1-2 mile radius of downtown Gilbert or Chandler you will find pockets with no HOA's.

C h r i s @ r i s i n g t i d e b u y s . c o m

I work the N.

Originally posted by @Victor N.

@Shadonna N.

I’m most interested in buy n hold properties in lake county just outside of Cleveland, and maybe the west side, single family, multi family properties.

BTW, here they hold property like the REITs, as in … OPENDOOR PROPERTY D LLCOPENDOOR PROPERTY N LLCwhere each LLC buys/sells a certain number of properties (probably based on $ basis amounts) and then they increment their tranche.