Updated about 12 years ago on . Most recent reply
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Hello BP,
I am about to make my first offer $161,000 for a 2 br 2 unit building. Income will be at least $2200($1100+ ea). Taxes are $5,000 a yr. I have to put 25% down. I'm guessing ins will be $1600 a yr.
Will this be a good cash flow? My analysis comes to about 18% Cash flow but I'm not sure I am calculating right. I added 1000 year maintenance. Might get some laundry money as well and storage.
What would be the highest offer I should make. It's listed for $175,000
Please advise.