All Forum Posts by: Tonya Weathers

Hi Kale. I'm not in the Vegas area, but just wanted to reach out and say welcome to BP! You'll love it here. So many great people and a plethora of information. 

This was very helpful. I plan to use the BRRRR strategy for my first purchase as well. Thanks for breaking it down.

Congratulations! You are an inspiration. It looks great!

Hi everyone!

I'm new to Dallas and just started in the investing game. I'm looking for a partnership in the DFW area. It would be great to work under an experienced investor and learn the ropes. I'm definitely a go-getter and fast learner. I can also provide funding. 

Oh wow! It sounds like no one has had luck with that area. I think I'm with you. I'm not sure I would want to make that a first investment. Well thanks for sharing. I'm glad you were able to find something that worked out! 

@Calvin Clark How did this work out for you? Did you end up buying? I'm looking at a similar four-plex right around the corner. 

What an inspiration!! Thank you for sharing. I just wish $3,000 would be enough for me. I'm more of a $10,000 type of gal :)

But whatever your Freedom Number, this is definitely inspiring! Keep going and don't stop.

You all have been very helpful in clarifying this 2% thing. I think I'll take your advice @Ali Boone and stick to the market value. Thanks again!

Hi All! I'm new to REI and I'm trying to understand a few basics. I keep hearing that 2% ROI is the goal. So, when I'm analyzing, that's exactly what I'm looking for. However, I'm not sure if I fully understand. Does the 2% rule apply to the total purchase price of the property? Or does it apply to what I put down? For example, I'm looking at a property that's $130,000. I'm putting down $8,000 on a FHA @ 3.875%. I'm trying to determine how much I should rent the property for in order to make a 2% cash on cash ROI. With these numbers, does it mean I have to rent it for at least $2600 ($130,000/.02) in order to make a 2% ROI? Can someone please clarify? If this is correct, than I actually need to earn at least $2600 in order to make a 2% ROI? Is that right? Can someone please clarify? Thanks!