$5500! Holy Mackerel, you guys need to start dumping tea.

Hey Matt appreciate the breakdown, it definitely helps visualize it better.

Matt - thanks for the breakdown. Your youtubes are great and showing the numbers like you did here simply make them better. Keep it up! Your branding is excellent.

Good stuff as usual I didn't know you did turn keys

Very concise and straight to the point... I have subscribed. Thank you.

You def got me to follow now. Do you hold these properties in an LLC if you were to cash out refi and include it in your rental portfolio? If so how is that community bank qualifying the loan for an LLC held property?

The average effective property tax rate in New Jersey is 2.40%, compared with a national average of 1.19%. $5500 looks like 10% to me. Please explain.

This is helpful format, to answer your question. Great video, as always.

Hey matt, I am curious at how you came up with your construction cost and how you found G contractor you trust to work with.

very informative and I hope that u can do more of these types of videos! I'm located in South Jersey and I want to apply to be your apprentice, lol. I would love to learn from u hands on and be your shadow. I'll do your coffee runs, Wawa runs, whatever it is that u need. u have taught me plenty already from watching tons of your videos. I appreciate what u are doing! ty sir!

very informative and I hope that u can do more of these types of videos! I'm located in South Jersey and I want to apply to be your apprentice, lol. I would love to learn from u hands on and be your shadow. I'll do your coffee runs, Wawa runs, whatever u need. u have taught me plenty already from watching tons of your videos. I appreciate what u are doing!

Very helpful! And a 13% return is pretty attractive.

thanks for showing how you do the number this is very informative, i would imagine since i live in calgary ,canada the property values are way higher here a property such as your would go for about 225-350k using the situation u described so getting the capital for investment would be a little harder but the deal as u structered it would be basicly the same very informative

Thanks Matt! Great advise as always.

Hi Matt. I came across your videos recently and i must admit I really enjoy them. I have a 6 unit apartment building. I have a huge empty room that i can turn into a bachelor apartment. What is your renovation cost to rent ratio that you would make it worth your investment. Example spend 30k to make 400 dollars a month out of empty space

Nice breakdown! That's a really nice cash flow for that property. Now imagine if those taxes were lower.

Instead of selling did you consider to buy and hold for the commercial valuation to catch up and convert to a office or something?

This was awesome Any chance u offer a one on one consultation?!

Good stuff Matt. One thing I didn't see in your numbers was Capex. I know you are rehabbing it nice with the $25k but do you set aside $ for big ticket items (i.e. HVAC, Roof, etc) that are not part of your typical maintenance items (i.e. Leaky faucet, toilet, etc). Thx!

This is awesome thank you

$5,500 is nothing! What part of Jersey is this? I’m in Northern Jersey and the taxes on my home are $6,700. And on my old home they were $14,000 which is why we had to leave. It became ridiculous. BTW what is a LTV mortgage?

I almost spit out my drink when you said how high the taxes are!! That alone would make me want to invest out of state!!

Good information Thanks

Thank you💜

Hi, What is CAPEX ?

Curious what lender do you use to get such a great rate ?

More, very insightful

I'll have to watch this 10 more times :) A little overwhelming to a newb. Thanks for sharing!!! (ps I used to live in lawrencevill, and hamilton ) I'd be comfortable investing out there. Im in Jersey City now...way too $$ for a newb like me. I'll be watching more of your videos!

Great video!

Hi Matt, thanks for taking your time and putting up all the details. Question, what would be a reasonable base line or goal for ROI? that probably varies in which neighborhood the property is in, but just as a beginner what should be my approximate goal?

Hi, do I need to make an inspection on a property before making an offer?

Hello, Do you take people under your wing ? I would like to get into this business but I have no property skills and no money , can I get free FHA loans to move forward ?

totally confused on the last part 😕

Completely new to this-thanks. If one just wanted cash-out, could one just flip the initial 54k to an investor for $4000, or something like that? I note that one makes $4400 after all the financing, etc. So cash out is comparable at the end of the deal (before appreciation etc.)

Dang....my taxes are like $700, and I'm not down south. Rent here can be done for around $500/mo, so just a little more than you're paying for taxes!

How are you calculating 13% return

I see you get about 10K/year profit from renting, but I'm confused what you get from turnkey? From my understanding, you'd fix up the place, get a tenant in to make it appealing to buyers, then sell it off, so if your cost is 85K to buy/fix, and you can sell for 110K, then your profit would be 25K minus any closing costs and so forth, but the calculations you were doing seemed to have nothing to do with that. Even if I understood what sort of deal/expenses you're trying to describe (which I don't), you never arrive at a final number. What is the profit you would be making, and is that per year or as a one-time deal? Also, of the two options which choice did you end up making and why?

What is the name of the small comunity local banks that you dealt with and found out that its great local banks and they give %80 loan on value. Also, how many proporterties they are willing to finance. Thank you

is that 25k factoring if you do the work your self or are you out sourcing ?

If you keep the property for 5 or 10 years, it should get some kind of value. Could you make more money like that?

those numbers are insane, 1800/month rent for a property thats worth 110k? here in calgary canada, to get rent of 1800/month you need to have a single family detached home with a double car garage (365k) does anybody know anywhere in canada with these ratios Matt is talking about? maybe lethbridge/medicine hat, no idea but I am looking!

Great intel! You seem to be in this for the long haul and please don't take me wrong, but a good microphone will go a long way toward expanding your audience. Sound quality, regrettably, does not live up to the high standard of the content.

Only 25K for renovation? A kitchen and two bathrooms? I want your contractors!

5500 in taxes lol....I wish...come to Kearny NJ...

Great vid Mr. Man! XoXo Miki

I got a comment for u...CAN YOU MENTOR ME! or do you know someone in southern California who you can point me out to I'm committed to going this but I feel like I just need some guidance Andy feed back would help thank you!

is the audio behind of the video for everyone or is it just me

Them #'s are super conservative and that property tax high as shit for no reason. 😂

I've never heard of a property worth $125k renting for $1800/month

What did you do with this deal?

I would buy this from you for 100K👏 great expense ratio 👍big returns!!! 😲

that rent seems WAY too optimistic

someone will actually pay 1800 rental p/m? wow

$11,260 is the total not $10,340

1800 on a 85k house??I am living in the wrong state---->CALIFORNIA SMH

I had to stop watching this . Where I live in California, an $1800/ mo rental costs about $300,000 to buy. Omg get me outta here ! I need $68,000 down payment just to make an offer.