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Updated over 6 years ago on . Most recent reply

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28
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3
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Taylor Harrison
  • Rental Property Investor
  • Durham, NC
3
Votes |
28
Posts

[Calc Review] Help me analyze this deal

Taylor Harrison
  • Rental Property Investor
  • Durham, NC
Posted

Hello BP-  working on a the biggest deal in my short investing career.  Check out the link.  Anything that I am missing.  My intent was to be conservative on all the numbers for a worst case. Intend to 100% finance this deal. What kind of numbers do I need to factor into well and septic or would that factor into cap-ex?  any advise would be appreciated.  

Taylor

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*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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825
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278
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
278
Votes |
825
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Amanda G.
  • Rental Property Investor
  • Augusta, GA
Replied

Hi Taylor,
Unless you are buying it through a LOC or HELOC, any bank I know is going to require you to put in a down payment. Private and hard money lenders also want to see that you have "skin in the game." If you are going with a bank, assume 25-30% down, possibly less with a private lender.
I don't have experience with septic tanks. Can you get the previous year's operating records so you can see what that costs? On-going maintenance is operational, major rehab or replacement is cap ex. Good luck!

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