All Forum Posts by: Casey Young

I figured $15,990 NOI. At that number and today's low interest rates it might actually cash flow very nicely. Perhaps a lot better than your $200 a month.

The problem is you left out a lot of variables. You said 30 month mortgage. Did you mean 30 years? Where are you going to get a 95% mortgage? I can't get that. I am going to hold it in a LLC which in my market, for me, means I can't get it financed at all without a private lender. What interest rate are you figuring?

If you can get it under the terms you think you can, it could actually be a very good deal. Pending other due diligence, If I could get this with %5 down and a 5% rate I would jump on it. I know I can't get that.

So if I could get that financing this would work well? (I only have one mortgage, good income and credit so I would speculate that I can?) also I realize I left out taxes they are 190/month

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Wow even J. Scott chimed in! I just listened to your podcast. Thanks to everyone that's commented. So now that I've googled "cap rate" what kind of cap rate do you shoot for? For a bad, good or great deal? I'm sure this is market dependent but I am curious just to know what to shoot for? Thanks again!

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I thinking about diving into a multi family rental with the profit I make from my first flip. Any thoughts on this deal it just came on the market?

http://www.realtor.com/realestateandhomes-detail/3484-N-100-E_Warsaw_IN_46582_M45619-06327?row=3

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thank you for all the replies it's much appreciated!

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Hi I am new here let me start off by saying I am in the middle of my first flip and i do all the construction work myself so money is a little tight but i believe it will pay off..... I hope. Let me get to my question I will say its been a good day I just found out i have 11k in a 401k that I didn't know I had! This is definitely a surprise, a very pleasant surprise anyways I am going to lose 4k of this if I cash it out I would rather keep all of it but how do I do it? I have heard i can switch it to an IRA and use it to invest but what are the stipulations and how do I go about doing this? Can i use this money to invest in my current flip? Can I use it for a down payment on the next property? Can i buy notes with this? Any help or advice it greatly appreciated this is my first post and would like to thank everyone in advance.

Casey

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All Forum Posts by: Casey Young

Casey Young has started 7 posts and replied 15 times.

Post: Good investment?

Post: Good investment?

Post: Good investment?

Post: Please help a newbie! Using IRA to invest?

Post: Please help a newbie! Using IRA to invest?