Jake Phillips - Realtor

It costs $0 to be a good person.

Clear to Close X2! Both of these houses are on the same street!

This repeat client is about to own 4 houses on this street🏡👀

and we’re still looking for more!

We’ve only been waiting since Jan 2022🙌🏽 Mortgage rates on a downward trend📉

Federal Reserve issues FOMC statement Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but rem

An agent reached out to me this morning with rental deal that has a very low cost of entry. Only $10k down! Let me know if you’re interested and I’ll send the address.

Home is located in southeast flint.

-2/1, 616sqft (it’s a little one)

-Mild/if any renovations needed to move in

-$34,000 purchase price

-$10,000 Down Payment

-$176/ month for 7 years

-Rent $800-950

Let’s do that math!

$850(rent) - $176(mortgage) - $100 (insurance)- $150 (maintenance/ prop taxes) = $424/month

$424x12months= $5,088 annual gross cash flow

$5,088 / $10k down payment= 0.508 or a

50.8% Cash on Cash return!

All investors should modify the above numbers to best fit there goals.

Wrapped up this Burton duplex yesterday we got back in June. Leases signed for $1,300 and $1,350.

Let me know if you are interested in the numbers and I will do a deep dive after I cash out refinance. 🏠💰

As usual…follow for more and let me know if you have any questions.

AcademyREI.com

I get ask ALL the time about closing cost...I hope this helps bring some clarity.

What are Closing Cost when Buying or Selling a House? How Much Will You Have Be able to Save?

Happy seller and happy first time home buyer!

Please help! I am finishing up my current house and looking for the next one to bring back to life. If you, or someone you know have a house in or around Oakland County you have been considering selling….I would love to have a conversation.

* ANY CONDITION
* Sold As-is
* Can close in 3 weeks