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Caveman REI Community

Public • 49 • Free

6 contributions to Caveman REI Community
Sub-To Deal Assessment
What are some aspects that you recommend me to check on the below Sub-To deal? --- Pre-foreclosure (Sub-To) Deal in East San Antonio, TX 78223 Property Details: 2020-Build SFH 1-level with 3 Beds 2 Baths, 1,265 sqft Total Mortgage: 213k Current mortgage balance: 162k ARV (Est): 230k Terms: PITI $1,297 @ 3.5%, around 27 yrs left. Long-term Rents for SFH: Listed for $1,500 to $1,600. Cash Flow Year 1: $200 to 300/month --- Total Cash Outlay to acquire: $24k / OBO ($3.5 to book contract) Bank Reinstatement: $13k* Cash to seller: $2.5k Cash towards assignment: $8.5k --- Asked for the address details, photos of current state etc to verify the numbers and if it works, will go check in person.
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New comment Feb 27
0 likes • Feb 25
Thanks, yes I now see some red flags..
Feb 1st 2024 - Homework Video
Run the numbers on the exercise to discuss the next meeting. We will be going quickly so please come prepared.
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New comment Feb 7
Feb 1st 2024 - Homework Video
1 like • Feb 6
Hi Galen, Look forward to our next call on Thursday. Attaching the numbers from my calculations. When the time is right, can we discuss on some of the applications (significance of some key metrics and what it really means, application, tweaking that Investors make --- beyond the formulas and numbers). Thank You.
Real estate CPA
Any recommendations on some real estate CPAs? Or some qualifying questions to ask to ensure good fit for my requirements tax preparation, on goining consult, overall planning, and scale.
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New comment Feb 7
Real estate CPA
It's Monday Feb 5th! What are you working on this week?
What are some things you are working on and want to accomplish? Today I have three responses to my project and will select which investor I will be working with.
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New comment Feb 27
It's Monday Feb 5th! What are you working on this week?
2 likes • Feb 6
My top to-dos for this week: 1. Contact and build rapport with at least one Broker in each of my secondary markets and increase inflow of off-market deals. Learn more about my target markets (oppty zones, crime rates, cap rates for specific zipcodes) 2. Cold call to direct owners - At least 50 x 7 days and direct brokers - At least 10 x day 3. At least one networking event
Welcome to the community!
My goal is to give both seasoned and new Real Estate Investors a place where they can learn, grow, and sharpen their skills during the acquisition of their portfolios. Here is what to expect: There is no direct cost to you. It is completely free to join and participate in this community. Participate in the community so others will know how to better help you, and be on the lookout for how you can help others. A great place to start is the Introduce Yourself section. It's okay if you don't know how you are going to grow your portfolio, that's one of the reasons we created this group. You will notice you have a number next to your profile picture, this is your rank. The more you interact with the community, the higher you will level up. I intend to reward participants in the community with access to materials and videos. There is an option for $99, the price of a date night, to gain access to more content. It is COMPLETELY optional and not necessary to be part of this group. If you think we are providing enough value to warrant a thank you, it would be greatly appreciated. Keep in mind this is a monthly recurring fee, but you can easily cancel at any time. This is not how my business makes its money.
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New comment Feb 27
Welcome to the community!
3 likes • Feb 5
Thank you for this wonderful opportunity to collaborate, learn, and grow.
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Puru Nayak
2
5points to level up
@puru-nayak-8284
Real Estate Entrepreneur & Investor

Active 239d ago
Joined Feb 1, 2024
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