Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 6 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Nicasio Rios
  • Albany, NY
0
Votes |
3
Posts

[Calc Review] Help me analyze this deal

Nicasio Rios
  • Albany, NY
Posted

Hello. I am new to real estate investing and I have been deep diving into the biggerpockets webinars to learn all that I can. I have been analyzing properties for the past several weeks using the BP calculators. I have been working with a real estate agent to get listings off the MLS and to confirm that my ARV calculations are correct via comps he has access to. I found a property that meets the $200/unit and 12% Cap rate that Brandon Turner speaks about in his webinars and training videos. I have attached the information sheet to this post. My issue is financial. Calling one bank and researching another, I have found that a traditional loan will require a 25% down payment and then cost upwards of 6% for the loan on investment properties. I don't have the down payment. I realize there is a cost to everything so, what I am asking for is advice or guidance on how to pursue this deal, if it is indeed pursuable. Also, any suggestions on financing options? I look forward to your replies, advice, etc.

View report

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

Loading replies...