Scott model and use the blog to keep detailed records on purchase price, rehab costs and profits.

One day I was told of another ex-railroader, who is retired, has been doing guys taxes for years, which has led to a nice little post-retirement tax service business.

The realtor (mine, not the selling realtor) stated that two identical models sold in last 90 days for 245k and 259k respectively.

Hi guys, i have been investing for a while and only recently (past 4/5 years) explored options outside of my comfort zone and luckily this has been with great success.My previous model was as any first time or newbie investor should be following which was to buy in my home town, in an area I knew and had friends/family living there or I was living there myself to keep an eye on things.

I charge a pet fee of $50 in my rental and we worked with lawyers and an agent when we rented out our property for the first time (I don't plan on shelling out that much each time we turnover - but it was good to use professionals to learn they model).

The nice part about Homepath is that there is no PMI.Here is a random set of numbers at 10% vs 20% down on a fictitious property:10% of 59k purchase with 5k in closing costs Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $285.05 Taxes $83.33Sewer and Water $100.00Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $65.00Mgmt Fee $90.00Vacancy $72.00Total Expenses $845.39Unit 1 $900.00Cashflow/month $54.61Cash on Cash Return 5.75%20% of 59k purchase with 5k in closing costsMortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $253.38 Taxes $83.33Sewer and Water $100.00Trash $-Heat/Utilities $-HOA $-Cap Ex and Ops $150.00Insurance $65.00Mgmt Fee $90.00Vacancy $72.00Total Expenses$813.71Unit 1 $900.00Cashflow/month $86.29Cash on Cash Return 5.99%

We have to believe in the current market, we can replicate this model, with some variation.Recently heard a quote that really rang true:If you are not working to achieve your own goals, you are working to fulfill someone else’s.Goals?

I have since determined that a "wholesale only" business model didn't make sense in my market because I was getting great responses with Jerry Pucket's letters, people wanted to sell but their properties were in retail condition.

Here, a 15 year at 4.5%, it shows a starting return of 14% even though the overall return via leverage is 9.7%.I think I've built a pretty good Excel model of these returns.

I own and cohost, I do not master-lease but I am sure there will be a mix of all 3 models.