(xxx), since you're the funding lady, you get the 34%.Target purchase price is going to be $489,000Closing costs to purchase app equal to $15,000(Will receive security deposits and pro rated rents in exchange).....Total out of pocket is $504,000 potentiallyTotal guess on costs for repairs, evictions, rehab and insurance = $40,000Total out of pocket expenses = $544,000Currently, properties are bringing in about $132,000/yr OR $11,000/mo or .

Hello BP, My name is Kenny Smith.I received my real estate license about 4 months ago, I joined a friends brokerage fresh out of the gate.

Set up your Keyword Alerts to include things like Raleigh, Cary, etc. and you'll receive an email notification once the next meetup info is posted. 

Price should include empytying the septic tank (if applicable) and collapse/abandonment of the tank (a legal requirement).Have them cure any permit defects/violations at no additional cost prior to them receiving final payment.

In my opinion, those who invest in Denver in 2016 take on too much risk, without receiving enough in return.All in all, expect both the Denver and San Francisco real estate markets to correct themselves throughout the next couple of years, as everyday people aren’t able to afford real estate here.Population Growth And Economic ExpansionSince population growth and job growth go hand-in-hand, it is important to analyze these two factors in a correlated manner.At the current time, the fastest-growing real estate market in both categories is Dallas/Fort Worth, TX.

Silent partner is not connected to the LLC other than receiving annual distributions on the owned properties.  

I am glad I found Bigger Pockets and would be grateful for any advice/help I receive. 

Should I look for properties that have low interest rates on their liens, since obviously their property must have held good value for the investors who bought those liens were willing to receive so little return on their investment, unless they saw a chance to own the property after a couple years.

@Wendy Gomez:You are learning a super important lesson about leverage and liquidity early in your investing career.You have 3 homes purchased for total all-in cost of $110k and are receiving $650*3*12 = $23,400 per year in rent.  

The fact that the amount of inventory went down along with the average of original list price received buttresses the point the market is doing well here.