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Results (10,000+)
Shiloh Lundahl Just closed on long term bank loans on 3 properties with my kids
27 July 2019 | 4 replies
With that money I was able to get a bachelors degree which led me to getting a master’s degree (which I paid for) in social work which led me to opening up a private therapy practice that produces a comfortable living. 
Axel Norvell Houston investor looking to buy first rental home
18 May 2020 | 30 replies
Anything that can help me get involved with hands-on experience I'll donate my time.I can also design and build websites, marketing materials etc (I'm a full-time professional designer and web-developer).If you are in the Houston area and have an opportunity for me to learn and give you a helping hand, please reach out!
Evan Snyder Starting out in SoCal: Riverside
29 July 2019 | 16 replies
@Evan Snyder it can work everywhere, but it does not produce the same returns everywhere, especially when it comes to cash flow
Dustin Burt Newbies seek Mentors but Mentors seek money
31 July 2019 | 50 replies
A number of years ago when I went to a new area I worked very hard producing leads and two investors helped me run some of the leads for 50% of the profit.
Nathan Hui Cash Flow vs Cash on Cash ROI
31 July 2019 | 16 replies
Seems like if IRR can produce wildly different returns it isn’t a good tool...
Eric Kulling Where to start your first BRRRR
28 July 2019 | 4 replies
And if you do give them earnest money, I would advise that you put a contingency that it is refundable in the event that they can’t produce a clear title.
Erin Butler Return on money for private money lenders
31 July 2019 | 8 replies
Is it a SFR that will produce one rental stream or a multi-family which will produce several?
Adianice C. Seller Financing in Puerto Rico
28 July 2019 | 0 replies
Info:- It was purchased as a single unit residential property (appraisal should have been for a - it's a perfect income producing beachfront multiunit property which he renovated .. 10 plus bedrooms etc- selling for 800k.. but I can probably get it for 700k.- minimum cashflow at 5-10k/ month with str via AirBnb.
Deangelo Mack Hunting down a Vacant property owner
28 July 2019 | 0 replies
Sometimes this web sites comes through but majority of the time I get old phone numbers.
Andrew Bailey How to tell if its good deal?
5 August 2019 | 12 replies
That being said I actually ran your numbers through a proforma I use and here is the break down for that: Purchase price: 129,900Effective Gross Income: 22,086 (vacancy 10% of gross income; 2454)Expenses:Expenses%EGITaxes $ 4,618.00 20.9%Insurance $ 1,500.00 Heat $ - Electricity $ - Water / Sewer $ 1,200.00 Trash / Recycling $ 180.00 Lawn / Snow $ - Management $ 2,208.60 10%Repairs $ 1,104.30 5%Capital Expenditures $ 1,104.30 5%Supplies $ - Accounting / Legal $ - Miscellaneous $ - Total Expenses $ 11,915.20 54%NOI: 10,170.80Financing: Down Payment $ 32,475.00 25%Bank Loan Amount $ 97,425.00 75%Interest Rate5.50%Closing Cost $ 7,794.00 6%Loan Term (years)30Monthly Payment w/ ESCROWDebt Service / yr $ (6,638.02)Debt Service / mo $ (553.17) $ (1,063.00)As is your property you're looking to purchase is valued at 7.8% cap rate and will produce cash flow of $3500/ year.