All Forum Posts by: Mike Sproba

Ashley

My wife and I own 16 single family homes in Montgomery Co (north Houston), 1 college town rental, 2 beach house rentals and an acreage property.   You are welcome to call me. 
If you want help in Spring, The Woodlands, or Conroe, we can help. If you want help in Houston proper we can recommend a good agent who knows investing. We also own our own real estate brokerage. 

Mike 

I'm a realtor and investor of 20 years in TX. After listening to a BP podcast I decided to run the numbers on 13 of my rental homes to get my return on equity. From dividing my cash flow of $79,000/year by my equity of $1,350,000 my return on equity was 5.8%  The homes ranged from -1% to 12% return.  What pointers do you have for increasing my return on equity?  What is a good goal for return on equity?

Thanks

Mike

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $10,000

4/2/2 -1 story with new roof

What made you interested in investing in this type of deal?

Long term wealth building with the benefit of some positive cash flow

How did you finance this deal?

Conv loan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was my own agent

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $10,000

4/2/2

What made you interested in investing in this type of deal?

Long term wealth building with the benefit of some positive cash flow

How did you finance this deal?

Conv loan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was my own agent