29 January 2020 | 6 replies
If you can rent 18 units for $750 thats $162k per year gross - expenses $81k = $81k NOI if CAP rates are 6.5 for this type of product in your area thats $1.25 million roughly so you would want to buy and renovate the property for 65%-70% of that value which is $872k plus or minus.
28 January 2020 | 4 replies
I was introduced to real estate investing in 2017 when a friend recommended I read “Rich Dad, Poor Dad” — my life was forever changed!
28 January 2020 | 5 replies
I just finished reading Rich Dad Poor Dad and I'm eager to get out there and start building my empire.
29 January 2020 | 65 replies
@Jason Allen I have never spent $ on any of his products!
29 January 2020 | 6 replies
Very dangerous when used poorly, but extremely useful when used properly.
4 February 2020 | 6 replies
There are a ton of lenders out there pretty much offering the same products so find the one (or the few) that you are most comfortable with and depending on the details of your deal know which of your lenders are best suited to handle that deal in particular based on their criteria
1 February 2020 | 15 replies
True, they take a bight out of your profits, but poor self management can lead to greater losses.
2 February 2020 | 4 replies
Your intent must have been to hold that property for productive use.
29 January 2020 | 11 replies
Not sure what follow on steps after buying the house are.Background:I am paying 2k/month in rent for a apartment, I recently read rich dad poor dad, think and grow rich, The beginners guide to investing, the richest man in Babylon, and moving into The Millionaire Fastlane.
29 January 2020 | 27 replies
My mantra this year is to not confuse "busy" or "working hard" with "productive."