All Forum Posts by: Jonathan C.
Jonathan C. has started 123 posts and replied 272 times.
Post: Do You Know ALL the Expenses Associated with a House Flip?
- Real Estate Investor
- Nashville TN
- Posts 287
- Votes 171
Great information from Justin.
Just like wholesalers who subtract the rent from the PITI and say that is how much 'cash flow' you're going to get... not taking into account vacancy costs, utilities, maintenance, etc etc. That's the same thing with those flipping shows--oversimplify and paint an unrealistic picture.
Important to take into account all costs when evaluating a deal.
Post: How was your 2009?
- Real Estate Investor
- Nashville TN
- Posts 287
- Votes 171
Good topic
What did you accomplish?
-bought first property-- duplex-- that i use as my primary residence and rent out the other half
-in the process of buying second property as rental
Your best success?
-taking action- not falling into the ~95% of budding RE investors that never actually purchase a property
Your biggest mistake?
-having a full time job that doesn't allow me to devote more time to finding and analyzing properties and continuing to learn
What did you learn?
-went from knowing nothing in April of this year to having a basic understanding of flipping, landlording, and creative financing
Did you achieve your goals?
-yes-- this year is the time to establish enough of a cash flow to quit my job and focus on this full time by this time next year