Voice for Peace
Hi Mr Morris I want to start buying houses very soon in IN. I was wondering what is your opinion on BORROWING money (Asset based) to start my investing career ?? Do you recommend this strategy? Because I was thinking how Im going to pay the money back from the lender…is it from the rent? ANy ideas? Thank you sir. I really appreciate your videos and inspiration.
Rentometer is a good tip.
You often mention the rent times 12 months times 60% but if there is a mortgage does the calculation change to rent minus mortgage times 12 months times 60%? Even further, do you calculate rent minus PITI, etc..?
Hi. Thanks for the spreadsheet. How are you getting those "Monthly Payment On Debt" number in the spread sheet. They don't fit with standard amortization calculations for monthly payments. What is included besides, for example, a 10 year loan at 10% interest. Thanks!
how long must I borrow from the bank to have a good leverage? great videos thanks
Thanks for the video and the spreadsheet. How do you calculate the "Monthly Payment on Debt Service" for all of the columns:
– Interest Only Balloon Load: 8% Interest– Amortized Loan: 5%– Amortized Loan: 10%
Hi Clayton where is the spreadsheet you mentioned that you would provide a like . For figuring out your profits. Thanks for the video!
Channel is very informative. Thank you.
Can't find the spreadsheet
Hello Morris I am going to buy my first rental property by the end June you the one that inspire me thank you so much.
no way 200 dollars is possible
that is impossible to get that kind of rent in india
Hi Morris…we own 7 properties in Western NY, and the average ROI after all debt service and expenses averages between 38% – 61%. I'm good at math, and I know we bought right (20% down on each) and we average $1/sq foot rent, so what am I missing? Seems like the market here is great….comments? Rick Hoeft
I think if you interview somebody she know what that crap you're talkin about for you do the interview duh
Cash flow 200 are you joking sad
Does the 60% in gross income include insurance, taxes ,and everything else?
What if the debt service is bigger than the rent? Like by $250? We can’t get funding except with a 10% personal loan, we live in the EU. Can we get private money in the US? We want to buy our first rental propriety with you guys as soon as possible! Thank you for all you do, you are such an inspiration!
Great break down
Working with a company like MI not knowing the address what site can I use like Rentometer to determine possible insurance rates, every agent/broker Ive spoken with needs an exact address.
Thank you for all you do. Awesome information.
Which video talk about lowering debt service ? On your channel? How to lower property taxes , how to lower home owners insurance ?
This information is easy to understand. Thank you so much, sir!
I downloaded that spread sheet and understand most of it. Can you explain what you actually did with the numbers under amortized 5% and 10 and why the monthy cashflow get into the negatives.
You are really easy to understand, man. Thanks for that
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