Closing on 1st deal, here is model with pre-closure assumptions

[Karl Krauskopf]

View report

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

Closing on our first investment property in Spokane, WA.  This deal feels pretty solid with some overly-conservative assumptions around ongoing expenses.  One unit fully rent-ready with minor maintenance first required (i.e. carpet cleaning, chimney sweep, etc.) whereas the other unit I'll be ripping out the carpet and replacing with LVP throughout.  

There's a lot of room, still, for value-add such as formalizing the egress windows in the basement which would convert a current storage room to a bedroom, as well as adding bathroom in the basement.  Doing this for both units would convert from a 2/1/1 to a 3/2/1.. Though considering that move after a year+ to get my footing.

Seeking constructive criticism and tough-to-answer questions!