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Updated almost 6 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Tina Johnson
  • Tulsa, OK
3
Votes |
20
Posts

Need help comparing deals

Tina Johnson
  • Tulsa, OK
Posted

I am looking to buy more properties....but I am having problems figuring out what to do.

Currently 3 deals I am looking at

1.  Asking $155,000 (hoping I could get for $125,000).   duplex plus little house - all 2 br, 1 bath.  rent 1900 per month ( all 3) 1 has a renter currently, 1 rent ready and 1 needs about $10,000 worth of work -  looks like the cash flow is around $850.  Cash on Cash return about 39%

2.  Asking $99,000 (hoping to get for $85,000).  triplex (3 br, 1 bath, the other to 2br, 1 bath) rents 1450.  Cash Flow around 700 and cash on cash 41%  

1st in class b- neighborhood and appreciation likely

2nd in class c+ neighborhood and appreciation questionable

1st would definitely have more desirable tenants (not to say 2 tenants would not be ok).

3.  $60,000, extensive rehab about $50,000 and this would be a flip for anywhere from $30,000-50,000 profit

4.  Just saw a 20 unit pop up for $290,000.   Should I wait and see whats going on with this one.

Background - been in the game less than a year.  I have 3  SF rental properties cash flowing about $250 each.

Thanks for any input you could provide.

Most Popular Reply

User Stats

151
Posts
97
Votes
Kyle Shankin
  • Rental Property Investor
  • Oakland County
97
Votes |
151
Posts
Kyle Shankin
  • Rental Property Investor
  • Oakland County
Replied

@Tina Johnson All of these look pretty good from the information that you've given. What's stopping you from going after all of them?

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