Commerce | October 2020
To Complete
- How much did you put down?
- How much work was needed?
- What kind of deal was it?
- Performance numbers?
I'll format this nicely later, FB won't let me embed iframe for some reason
🏘 Rental Property #1 ✅
Just closed on a duplex in Stockton with a 50/50 partner! Scott, you’re the man.
Scott runs Tektonic Real Estate LLC, Bay Area flips day and night baby. facebook.com/Tektonicre
Numbers: $265k Purchase, $2.3k monthly rent, 30% Conventional, 4.25%, ~$600/month cashflow per month.
Not a home run by any means, but it met our criteria of > $250 cashflow per unit, close to 1% rule, B/C class
neighborhood, and > 7% cap rate. Cash on cash return right around 10%.
And, tenants have lived there for 22 years (front unit) and 6 years (back unit)!! Crazy.
Step by step to financial freedom 📈
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#rental #duplex #biggerpockets #stockton #freedom #cashflow #rent #california #sanjoaquin #tenants #landlord
#realestate #partner #focus #justdoit #fire #financialfreedom #multifamilyinvesting #multifamily #brrrr
#househacking #house