- Thread starter
- #9
Is this lady serious!?! lol
Jackie - did you even open the spreadsheet? I have detailed the tax, insurance, mortgage and property management expense (12%). No one said anything about 100% financing - those days are long gone. $5000 (high) have been allocated for closing costs.
This is based on 80% financing (20% down) at 6% (which is where our last 5 buyers all locked in).
This is for a hands-off investor - that is the intent. Not EVERYONE wants to flip/wholesale/rehab houses. They may however recognize that real estate can be an excellent, long term, wealth building, investment and that this market has potential for great opportunity.
I have no problem with your challenging the numbers on my deals but, at the very least, do your homework, ok?
Jackie - did you even open the spreadsheet? I have detailed the tax, insurance, mortgage and property management expense (12%). No one said anything about 100% financing - those days are long gone. $5000 (high) have been allocated for closing costs.
This is based on 80% financing (20% down) at 6% (which is where our last 5 buyers all locked in).
This is for a hands-off investor - that is the intent. Not EVERYONE wants to flip/wholesale/rehab houses. They may however recognize that real estate can be an excellent, long term, wealth building, investment and that this market has potential for great opportunity.
I have no problem with your challenging the numbers on my deals but, at the very least, do your homework, ok?