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Updated over 8 years ago on . Most recent reply

Matthew Shelton's profile image
Matthew Shelton's profile image
Matthew Shelton
  • from Stillwater, Minnesota
  • Member since Aug 11, 2016
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Matthew Shelton's profile image
Matthew Shelton's profile image
Matthew Shelton
  • from Stillwater, Minnesota
  • Member since Aug 11, 2016
Connect
Matthew Shelton
  • Stillwater, MN
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10
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General Real Estate Investing

$100k for $2k in monthly rent?

Matthew Shelton
  • Stillwater, MN
Posted

Hi, BP -

Working on a multi-family deal and wanted to run some high level (round) numbers off to see if they make sense.

Conventional loan - 20% down

Rehab - 10%ish

Monthly rent potential - $2k

Using the 50% rule, the most I can offer, to get 15% return, would be $100k (includes closing costs), correct? (PI+ins+tax totaling around $600/mth)  

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