All Forum Posts by: Justin Long

I may be interested in this. Can you give me age/condition of roof and if any foundation work has been done?

I'm in Rosenberg and plan on doing a few deals in the coming months.

@Michael Swan, Here is a question asked earlier that I'm interested in as well:

Something that I was wondering though, maybe I missed it. How much did you start off with? I saw you said you put $6000/year away and you put about $25-30k down each time. How much did you buy in your first year? After that I'm guessing you refi cashed out and used that plus cash flow to purchase the other properties the next couple years or did you go straight to 1031's?

Wow, awesome post! In for updates...

So you didn't have to give the courthouse the full $74k at purchase???

Newbie here.

Good luck on your campaign.

Do FHA with 3.5% down. Also, I would shy away from 1 bedroom anythings. My uneducated opinion...

I'm a bit intrigued....

I love St John. Have been 3 times.

 The taxes you quoted are on the raw land. After the new year the new taxes will kick in for land + dwelling. They are going to be 2.5-3%. 

 You are way off on taxes and insurance is going to be ~$1k per year. 

This does not look like a deal at all to me when considering cap expenses, other expenses, property management, etc.