September was a great month.My business partner, Shauwn, and I closed on two rental houses and wholesaled three more; capturing over $42,000 in equity, $650 a month in cashflow, and $7,000 in wholesaling income. I finished P90X, losing two inches off my waist and ten pounds; college football started after a long agonizing sports summer; and the smoldering Texas heat finally dropped by twenty degrees.
For the last few weeks we've been talking about calculating ROI for real estate investing. The first week we talked about the cost approach versus the out of pocket approach. Ultimately as real estate investors, we look at the out of pocket approach to determine our personal return on investment. On day two we talked [...]