Rental Property Questions

[Jonathan Atkins]

Hello!

My name is Jonathan Atkins. I am looking to buy my first home and hold out in the Colorado Springs area. I have used the BiggerPockets rental property calculator however there are some questions I have about Future Assumptions. How do I predict these numbers? Also, how do I predict homeowners insurance? I have a lot more questions but I figure I would start with those first two.

Any advice/direction will help. Thank you and have good rest of your week!

[Ali Boone]

Well don't predict homeowner's insurance. Call your insurance provider (or any insurance provider) and get a quote for that specific address. Same with property taxes- don't guess, check the county's tax assessor website. 

When you say Future Assumptions, what specifically are you talking about?

Also, just make sure you are up on running numbers. Colorado Springs doesn't typically offer much in the way of cash flow. Happy to send some easy equations on how to do it if you want.