Title | : | How to Make Rentals Cash Flow With 8% Mortgages |
Lasting | : | 21.24 |
Date of publication | : | |
Views | : | 63 rb |
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If you can't force value ( increase the property value landscape, paint,simple work or raise the rent price per month It's a very bad idea to buy something thinking the value will go up Don't buy just because you hope it will go up in value Comment from : @simpleman4196 |
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How is getting around $100/mo cashflow a good investment with 60k down and 240k loan? Comment from : @ReRe-yl6dq |
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Come on man $150 per month cash flow is just plain dangerous for beginners Comment from : @JamesBarnes-q2z |
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I am a cash flow investor and have not bought any new rentals in 3 years I'm adding value to my current portfolio using existing cash flow (no new debt) I've increased annual cash flow $70k by adding two units (unfinished basement/attic), updating other units on turnover and with general rent increases It makes no sense to me to take on debt for low single digit CoC returns that 8 rates are producing To lay out 25 downpayment with little to no cash flow (even with appreciation, mtg paydown) is not enticing to me from a risk/reward standpoint I also don't need additional headaches with tenants/repairs with little to no cash flow to show for it I am exploring other options now with stocks/bonds, REITs and maybe STRs Comment from : @dragonslayer2430-i5u |
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3:17 you kinda lost me here "you are paying your loan down $350-$400 per month" how so when the alleged scenario have the monthly mortgage payment is $1146/ Mo?! Comment from : @ericaltinkaya9713 |
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Are you adding principle payments back into the ROI? Comment from : @kylefriedman7111 |
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Why can’t you just say that now it’s not a good time to buy? Is it bc it goes against your influencer business? We know you have steak in this just like brokers and agents Comment from : @reacting_to_stuff_ |
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can we get an extrapolated version of this? the raw numbers over decades? Comment from : @Andre-qo5ek |
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They a fewer in number, but im seeing cheap deals, but they are all very dilapidated Its all value add stuff They are 10-20 more expensive than 4 years ago It's still money Comment from : @nathanc30 |
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Why doesn’t anyone appear to account for normal wear and tear repair savings in these operating costs? Cashflow is great until you have to repaint, or refloor, or put a new furnace in a rental Over 15 years of landlording, I’ve found that actual NWT costs are about $011 per finished square foot per month Why does most advice not appear to account for this? If we did, perception of income would shift a lot Comment from : @dixonbuttes6564 |
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Just what I needed to hear and confirm my thoughts about a scenario I’m going through Thanks Carson new subscriber 🙏🏼🙏🏼 Comment from : @TheNetwork650 |
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Wow, You're simplifying things to make them easy to understand Comment from : @lhoi016 |
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You CAN cash flow on 8 However No admins No analyst No corner office Yep you have to “self manage” brLook, guys The 35/4 interest rates in commercial are gone That’s why we all had that one relative that had 1 apartment building brAll of your YouTube “geniuses” didn’t ffigure anything out Other than buy with lowest interest rates in history at the same time the lowest valuations brPace Chandler David All of you guys Right place Right time Comment from : @mike2959 |
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Here's what I did around a year ago, and yes it's rather boring Had one property, house, paid off in full, cash flow was $1400/mo Did a cash-out refinance and with those funds paid all cash for a turn-key condo (and got a pretty good price) Now, interest rates on the refi (the house) is 7125 and today that unit has monthly cash flow of negative $525 Yes, it's a money loser However, the condo that I paid all cash for has a cash flow of positive $1300 Therefore I have an extra unit and when both units are combined, have positive cash flow of $775 (1300 less $525)brbrIn my opinion, this is fine Sure, my overall cash flow declined However, with two units, and if I increase rents around 5 each year ($100/month), this positive cash flow will also increase by $200 / year and within five years far surpass what I had before Of course, this does not include appreciation or other factors Comment from : @jonb3189 |
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Cash flow is only worth i if the market is going up like it always does but if ur cash flow negative in a bad or slow market or after a downturn u can be stuck topping up the mortgage on ur rental for a looong time The only challenge is staying solvent Comment from : @deficator750 |
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How do I try to convince a seller, when I have to go through the RE Agent? Im thinking that I can write out the deal and have my RE agent present it to the sellers agent The houses in my area are going SO fast, and for cash I did get discouraged Comment from : @tehshorty1 |
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Good luck finding a tenant in my city Comment from : @SigFigNewton |
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Fairy dust Comment from : @leftydanvball |
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Are you willing to bank roll with me to get started, I'm starting with my LLC to buy my 1st rental Comment from : @Feltyserpents |
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Are we ignoring the median US home price of $416,100? Comment from : @oMDK1 |
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Now I know why all these random people calling me asking if I wanna sell my rental properties 😂 Comment from : @danshealthylifestyle8443 |
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Very misleading and unrealistic video Comment from : @aahmd29 |
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Great content as always I’m looking in Wichita, KS Comment from : @rubayyatkhan |
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$54 per month of cash flow is zero cash flow $150 is not worth the risk Negative cash flow means that I keep looking for a better deal Buy low and sell never Remember, future growth is speculation, not investing $200 per month? As Grant Cardone would say, you can make $200 by standing on the corner panhandling How about buying a cheaper house? Comment from : @anthonydooley3616 |
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Buy the house cash, genius, people who have 300k cash invest and get 8 to 10 on construction loans No need to deal with tenants not paying and shit Comment from : @lulezimlapardhaja100 |
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Even when the blood in the streets is your own, buy Comment from : @toxicthesniper8264 |
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The property wasn’t even worth it at 4 lol Just give up Rents need to go through the roof, interest rates need to come down or prices need to come down One of those needs to happen for this to make sense Comment from : @Danner1195 |
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If rates stay high for several years, owner financing becomes easier With that said a polished presentation will close a deal Comment from : @juniorcrandall8933 |
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Plus you get the tax benefits Comment from : @pmstff700 |
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$300,000 that in my search need work or updating So change the cash flow number Comment from : @pmstff700 |
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I usually just listen to your channel through Spotify, However, your book giveaway advertisement brought me here Your content is both informative and entertaining, thanks coach Comment from : @DemetriceThomas-s1m |
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Surprised that making a larger down payment and/or paying points wasn't mentioned Both of these tactics tend to reduce interest rate Comment from : @NwokediIdika |
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Dude number don’t lie, there no way a round it High rate , high price Just don’t buy it Comment from : @originalk9111 |
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You keep things so simple to understand! I so appreciate you!! Comment from : @ajanelson5336 |
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Jesus Could you have taken any longer to get to the point? Comment from : @the1gofer |
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I want to place a subject to offer but title company is refusing to because of due on sale clause They say that they would need the lenders approval They also say title will not be clean and title insurance would have an exception related to existing mortgage How do you deal with this- call other title companies/lawyers until you find one willing to do it? Comment from : @Jfandango |
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Rent rates are also going through the roof, another 'feature' of these high interest rates Comment from : @chrisdigiuseppe7717 |
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Very helpful Thank you for sharing Comment from : @leeroach3381 |
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We need as many strategies as possible to continue to invest in an 8 market As always, appreciate it Coach! Comment from : @chartovar4506 |
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One thing that I find to be true is that it’s much harder to figure this out as a newbie investor starting in 2023/2024 People who have a few deals under their belt during easier market conditions understand the process a lot better and these principles are much easier to apply Not to mention, they look much better on paper to a potential partner or seller I’ve been laughed at constantly over the last 60 days when trying to buy with seller financing while having no experience and no portfolio Comment from : @ShakaCollectsAZ |
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Thanks Coach Carson! Love to see more content on creative financing Comment from : @wrt322 |
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Thank you coach! Comment from : @williampalmer7026 |
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I love seller financing deal, but it’s not easy to find it Thank you for always sharing your knowledge Comment from : @susanseniceros1818 |
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