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Updated over 7 years ago on . Most recent reply
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Rental Property Analysis Homework
I have been reading books and exploring Biggerpockets for about a year now and am ready to find, analyze, and purchase my first deal. I would like to purchase a 2 or 3 unit in Utah County for some passive income. I've been running properties through the Biggerpockets Rental Property Calculator for practice and feel like I am getting a pretty firm understanding of what makes a good deal.
I am wondering if anyone on the forums knows where I can find (if it even exists) rental property analysis homework? Here's what I'm picturing: scenarios that I can study, run through the Biggerpockets Rental Property Calculator, and critically analyze. Ideally I would be able to check my work against an "answer key" to determine if I performed the analysis correctly. I realize that there is not one right answer for any given scenario but I would like to know if I am omitting anything important in my analyses.
If you know where to find analysis homework, or if you would even be willing to provide some homework and work with me through some analyses, I would really appreciate it. Thank you!
Most Popular Reply
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@Andrew Morales these are the numbers I use. They don’t really come from anywhere except what I am comfortable with.
CapEx: 15%
Maint. & Exp.: 5%
Vacancy: 5%
Management: 8%
Obviously management is dictated by what your management company charges. Vacancy rate in the SL Valley and Utah County are pretty low right now. That can be adjusted with the market.