Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago,

User Stats

8
Posts
0
Votes
Jerry Gao
  • Buffalo, NY
0
Votes |
8
Posts

Seasoned members. I need your help to analyze this deal

Jerry Gao
  • Buffalo, NY
Posted

Hello all.

This is my first house. I read all the articles here and try to find properties close to it. Is this a good one?

2600 sqft double in buffalo ny

135,000

6 beds 2 bath (3/1 per unit)

Rents for 750 a month per unit.

2800 taxes

2 car garage. Good shape

All updated windows

Hard wood floors throughout. Need some minor refinishing

Furnace and water tanks all replaced in the last 3 years.

Stair case to the attic need some dry wall work.

New Ac upstairs unit

I'm thinking 2000 to refinish the floor and repair the wall. Then I can repaint myself. It should cash flow 3000-3500 a year if I do all of the management myself.

It follows the 50 percent rule, but doesn't even come close to the 2 percent rule. What do you guys think?

Loading replies...