All Forum Posts by: Account Closed

when analyzing a rental to buy, what calculation do you do, just cash on cash ROI, cap rate (how is this calculate by hand, please give an example with interest), any other calculations.

Thanks

Thanks, anyone else would be appreciated.

Who has lost money in the property game and how much and what advice do you have for newbies.

Thanks

Thank you Chris, but i need to read your post a few times more before I understand 100% what you are saying.

How does this work, if I earn $50k year, and I want to buy 6 homes (each cost $100k) and put 20% down on each, can I buy them all or 4x my income is only $200k therefore I can only by two.  

Or can I tell the bank I will be renting them all out, which will be paying my mortgage, thus I can buy more, please explain this to me as its confusing.  How do people on here buy 20plus properties.

Looking for him to fix the dry wall and the leak in bathroom and put in kitchen cabinets, wooden flooring, new front door, and take a partial wall down.

If I hire a contractor that is not licensed is that OK for him to work in my house whilst no one is there?  Now if he gets injured would I be in trouble? If so, how do I avoid him trying to put a claim on against me (get him to sign some paper work). 

Thanks 

if incme is $600, no expenditure, so if I do above I get 24%, this is my concern

I did but I get weried answers

and yes in the expediture I accounted for everything