All Forum Posts by: Robert Herrera

@Account ClosedRich Dad Poor Dad by Robert Kiyosaki is a great book. Also read Straight Path to Real Estate by Kris Krohn. Read and Learn from all the RICH DAD ADVISOR SERIES... DO NOT go to the Seminars. Do not pay a bunch of money to learn real estate from a GURU. You will be 10's of Thousands behind. I suggest getting a mentor who will guide you without stripping your bank account down to nothing. If anything you can partner up with someone in the game.

Use the @ symbol and start typing the name of the person you want to message to. Their name will pop up and you can click on it. That way they know you responded.

Yes it is

@David Robrecht Add US to your list. [email protected]

@Jason Petree What kind of terms on the Owner Finance.

3 Bedrooms 1 bath + Sunroom + Office.

Great Long term Tenants. $1,900/month, Never Late. 

Tenants pay all Utilities, and Pays for all Maintenance and Repairs!

Message me here, Or call/Text Robert (720) 308-8014

@Ralph R. Just bought one for $65K near Beulah Heights school. I buy where ever, except lower east side under 8th st. in some areas, nothing lower than 4th st in all areas. I'm getting $925/month in east side off of 13th and Hudson. 3br/ 1ba. You are right it's moving up.

Ralph R. Also your down payment is given to you at closing, it doesn't magically go away, it equity in the property. If you buy a house for 100k and put 20k down, you owe 80k. If you sell for 100k the next day, 80k goes to the bank to pay off your loan, and 20k goes back to you, obviously minus the expenses to do everything.

Ralph R. Buy a different property. I buy in southern Colorado. I buy around 50-100k. I cashflow about $400/month+ per property. That's around 5,000/year per property. 10,000-20,000/ down. That's around 25%-50% annually. Plus my money is IN the property.

Ralph R. All that cashflow IS profit! Your down payment didn't go away. It's in the property. If you put 20k down, it's not gone. If you sell the next day, you will get your money back. If you sell in 10years, you will get your 20k back and appreciation, and principal payments too. Plus the $100/month. Your ROI is really low but it cash flows.