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Updated about 2 years ago on . Most recent reply
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Back Again with More Questions
Hi,
I have been reading into real estate investing and I am trying to learn how to calculate all the different aspects of a property when checking it out, such as Income, Expenses, Cash Flow, and CoC. Now the issue I am running into the most is calculating expenses. Mainly the following:
Insurance
Water
Garbage
Electric
Gas
HOA Fees
Lawn/Snow
I am not sure where to start researching these specific expenses. I am just looking to do these so I can have a look at a property and decide if I think it is worth calling and seeing the property in person or not.
Thanks in Advance,
Most Popular Reply
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Quote from @Chris Davidson:
@Nathan Hedrick all is pretty local. THe BP calculator has some rough numbers, but find someone in your area that owns some properties and ask them what stuff cost.
Find a mom and pop rental and see if you can help them out by showing places or something and now you have an investor that will answer some questions in the area you care about.
Thank you Chris for your comment. It was really helpful