All Forum Posts by: Eric Boakye

@James Debenham can please share if this plan was successful? Sort thinking of doing something similar. Not really caring much about the taxes, but would like to know if I can do this to get money out quickly.

@Dorian Wood could please share how you arrive at your cash amount and I am guessing the base is your total investment in the deal. Just curious to know. Thanks!

Is it better to buy a home in a subdivision or no? Looking at a very good deal, but it is a ranch type area with great schools. Experts views will be appreciated!

Just been presented a Ranch/Farm type home deal. The deal comes with some great equity and will cash flow, plus it is in a very good school district, but not sure how such homes rent. I appreciate your thoughts!

@Joe Villeneuve Thank you! I am looking, but this is the only lowest selling property in the area with a potential, but of course it is not cash flowing, hence my being undecided. Thanks for your guidance - much appreciated!

@Joe Villeneuve

@Bjorn Ahlblad

Thanks for your response. Great deals are hard to find in this area

Straight-forward enough. Thank you!!!

I got it!

Thanks @Brian Phillips. Just been focusing on the area and the potential, but I see your point.

Doesn't fit most of the rules, but the potential of the area is huge. Would you invest based on the numbers below. Any views will be appreciated!

Price: $280k

ARV: $295k

Rent: $1800

Great school Area with huge growth potential

Cash Flow: Breakeven (after all expenses including maintenance, Capex and Vacancy)