Here are some notes on my first deal! Open to feedback and sharing my experience to those who may be new to this like me. @Antonio Cucciniello @Mo Tamraz Deal Details: Last week I made my first offer on a single family residence in Ocala, FL. I was able to secure an approval letter for an $250k FHA loan at 5.625%. This would mean I'll have to live at this property for a year before I can rent it out and my mortgage payment will land around $1.3k a month. With taxes, home insurance, and setting aside some money for repairs, vacancy, and capex, my total monthly cost is going to be about $2.2k a month for the first 11 years and $2.1k a month thereafter assuming I put down 10%. Profitability Analysis: Based on the rental rates in the area, I can charge between $2k and $2.4k a month. Although the latter is best case scenario, I'm confident this is achievable when considering the home is very unique when compared to most new builds in the area, has been completely renovated, and there are not many comparable properties that have 3 bedrooms with 1,700 square feet of living space (most range between 1,200 and 1,400 square feet). This property is located in the midst of quite a few horse ranches, of which many have been bought out by investors building neighborhoods of single family homes. Most of these new homes have the same layout and very small lots. With a 3.5% down payment, my monthly cash flow would be ~$92 or 5.2% cash ROI. With a 10% down payment, my monthly cash flow would be ~$185 or 5.9% cash ROI in years 1 through 11 and $295 or 9.5% in years 12 through 30. I've learned avoiding PMI is more impactful than adjusting my down payment when trying to save money or add margin to the monthly economics. Although a case could be made that I could allocate that incremental 6.5% elsewhere for better returns, I plan to use another FHA loan for my second property which means I will need to live in that property too (and I can't do that until I live in the first property for at least a year).

Hey Everyone Tomorrow's call got moved to 6:30 PM-7:30 EST - remember that you can only access the call if you are at Level 2 which means you need to make 5 interactions to show up to the call. See you all in there! Come prepared with questions you have.

In order to access the course you need to make 5 interactions with the group (likes, comments) - its really that easy. Start by introducing yourself to the group. I LOVE learning more about the cool people in this group and how we can help. Feel free to share where you are from, why you are here, what you do for a living, and what you makes you interested in real estate investing. Have fun here. Real estate is about meeting the right people and this is your opportunity to network! Also - don't underestimate the power of a network. Look at this network as your own. Give to others and have others give to you. It will take you a long way in the world of real estate.

All of you want to get something out of this group - I see it in your introduction posts. I want to encourage you to reverse your thinking. Instead of thinking what you can get out of this group, think how you can provide value to the group. Just because you might not be experienced in Real Estate, that doesn't mean you can't be providing value. You might be a good software developer and can help another person in the group build an app for their business. Don't always worry about what is directly in return. Its hard to think this way because it goes against human nature, but honestly guys simply by thinking this way - you can really improve what you get out of the group because instead of asking for help, you will have people coming to you asking how they can help you. P.S. Remember - the weekend is a day you can take advantage of make progress, don't just throw it away. Its time :)

First: Book your free Investor onboarding call here → RULES: - No promotions allowed. - We remove low-effort community posts. Use Loom videos, images, and ChatGPT for proofreading. - Help keep the community clean. Report low-quality posts to the admins and moderators. Your First Step: Introduce yourself and show your workspace to earn points. Here's a link to your welcome guide with everything else you need to take the most out of this group :) https://docs.google.com/document/d/e/2PACX-1vS5ZYjuzuOuL4bLZZoHK3rx8sRTLcW1cKiTraqTjJ_EAf0rKcDKGmXMD0pMhf4VZj4Nug2yTOc4T_qm/pub Let's get to work!