You're taking 115 / 0.7 when you should be doing 115 / (1-.07) . What you described would be considered 30% LTV.
The building I described would be considered "class C". That's not a warzone or a slum, but a quality, if small and older, property in a working class neighborhood with low to medium crime.
Tenant issues are not bad and I hired a property manager to take care of everhthing. It's 95% passive.
Online businesses are great and can potentially blow up much faster than real estate. Both are "fastlane" though. I am currently working on launching an amazon business by the end of the month.
The building I described would be considered "class C". That's not a warzone or a slum, but a quality, if small and older, property in a working class neighborhood with low to medium crime.
Tenant issues are not bad and I hired a property manager to take care of everhthing. It's 95% passive.
Online businesses are great and can potentially blow up much faster than real estate. Both are "fastlane" though. I am currently working on launching an amazon business by the end of the month.