Please analyze these Indy deals for me

[Josh Deeden]

Hi Everyone. I am currently evaluating buy/hold deals in Indianapolis and I am curious to know if the community thinks they are good deals or not. One thing I noticed on BiggerPockets.com when people ask for deal advice, is that they often don't provide enough detail on the deal for others to make a reasonable assessment. To avoid that, I have generated some pro formas that should give a good summary of what the deal looks like, along with pictures and a map. You can view a list of the properties I am considering buying by going to

http://smart.io/deals

and then click on the property to drill down to the pro forma. This website really isn't public, it's just a tool I've built to help myself learn investing and deal analysis. Eventually I plan to open it up so YOU can use the tool for your deals, but at the moment the only thing you can do as a user of the site is comment on the deals I post (which I would most appreciate if you did!) So please check out the link and let me know what you think!

Should I buy these or not?

[Eddie Ziv]

At glance it looks pretty good, It somewhat in line with the 50% rule. Although the operating cost seems a little high to me, but I'd prefer it this way. The only thing I didn't see is the cost of the loan. Conventional loans are not made for less then $40,000 this days and getting a loan less then that usually has a steep up-front fee (Origination fee, etc) . That figure was not included in your calculation.