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Updated almost 3 years ago,

Lindi Nguyen's profile image
Lindi Nguyen's profile image
Lindi Nguyen
  • Member since Feb 4, 2022
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11
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1
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Lindi Nguyen's profile image
Lindi Nguyen's profile image
Lindi Nguyen
  • Member since Feb 4, 2022
Connect
Lindi Nguyen
1
Votes |
11
Posts
Starting Out

Buying a 2B condo in NJ...safest assumptions to make?

Lindi Nguyen
Posted

My first investment property, so appreciate the feedback. Everything I'm modeling out is in the red so far...looking at Hackensack, Cliffside Park, Teaneck, and North Bergen. Thoughts on the assumptions I'm making?

Vacancies: 6.6%

Credit Loss: 1%

Expense growth rate: 3%

Cap ex: $100/mo

Insurance: $150/mo

Leasing/ad fees: $50/mo

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