All Forum Posts by: Thomas Haskell

Thank you great advice that is why I said in a previous post earlier that I would wait several months before going in for more properties I'm just trying learn and understand how to set myself up for the future great advice thank you very much.

I got a great deal and a great community and rentals are very rare there A lot of demand. For rentals there very low supplycane Bay plantation is the hottest area of Charleston South Carolina now. The demographics and income supports it I'm in the lower end of the price range for the area also. Most of the four bedrooms 3 1/2 baths are in the 250kto 275kto 299k range I added an extra bedroom and bathroom to the home to justify the difference and more value to the home. For rental and resell in the future.

The .50 is the .50 % rule

monthly cash flow 383.00

cash on cash roi 8.86%

pro forma cap rate 6.79%

pur cap rate  6.83%

noi 13,828.00

income 1625.00

x.50 for expences 813.00

p&i 770.00

cash flow useing the 50% rule is 50.00 pm

agree & thanks how can i post the rental prop calc ? 

the rents will be $1600.00 per month :)

any feed back on this other prop ? 

Yep

ok mentors & guru's here is my question to EVERYONE i just aquired 5 brand new homes in summerville SC (cane bay plantation) from lennar . 1 will be my home & the 4 others will be for investment. all 5 are sfh 4br 3.5 ba. the prices are a avg of $203,0000.00 i am puting down 25% on all of them my credit is good & income also. my question is once i settle in after lets say 3-6 months how can i aquire more homes? most of my $ are going to these 5 homes. programs, tips & tricks , Leverage, etc i want to continue to aquire as many homes as i can get. please advise :)

Thanks