All Forum Posts by: Joshua D.

Thanks bud means a lot I've worked hard and tried everything in the book and god has blessed me so far. Feeling good that one day I hope to get out of my dead end job I have a storage unit built into a house that I have all my materials in which I had nothing into. Me my wife and a friend of mine that I put on the books and works full time for me. Plus my vacancy rate is very low I have a list put together of people looking for rentals so my places go very fast with my website and system in place . I'm praying and hoping I can provide for myself and family one day.

when you say yesterdays expenses Thomas s. what does that mean?

yes I'm doing the cap rate correctly haha. So even in the case of 20% cap rates on single family homes would you keep them or sell?

So me and my wife currently have 8 units currently rented, 6 homes and a duplex. The question I have is I was watching Grant Cardone and he was saying to never rent single family homes but to sell homes and rent apartments. All my single family homes have a cap rate of 20%-50% and my duplex 50%. Does that still apply with my cap rates or ROI which is great too.

any more help would be appreciated. Should i take the appraisals for what they are and go with those numbers? just feel they are giving me high numbers

Yea I already refinanced and pulled my lines of credit out. They also still cash flow very well, I know I'm landing good deals but when I get the appraisals done I'm very very happy with what the numbers are compared to what I payed for the property's. Thanks for all the advice and anything else Is also very helpful.

HELP please

So when I do the BRRRR strategy and get back my appraisals and the 85% line of credit from the bank. I'm very happy with the numbers but in my eyes I think would be really hard to actually sell the property's for the appraisal value they gave me or even the 85% line of credit I get back. I just make them nice enough to rent. I worry a little bit that I'm digging my self a hole or are the banks actually giving me what the properties would sell for or are worth?

so all the lines of credit are way higher then what I actually have paid for the properties.  Makes me think they are giving me way more then what the houses are actually worth. I do bare minimum to make rentable. Am I missing something

I'm sorry the one was a heloc and the rest are just lines of credit based off the appraisal.