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Updated almost 6 years ago on . Most recent reply
[Calc Review] Help me analyze my very first deal
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Most Popular Reply
Hi Hollie,
Strategic view on this property looks great. I think your expenses are leading you astray though. Repairs and Capex seem low, insurance and property tax sound high. Also interest rate at 5.9 seems extra conservative. I don't see why you'd be paying PMI if you put down 20%. This property looks like you can run it through the BRRRR calculator and get a large portion of your initial investment back right away. Look up the property on the local assessor's website to see what the actual property tax is. Call and get a quote on the insurance policy as well. Hopefully you are pleasantly surprised. As long as the purchase, repair, and ARV work out this looks like a great find.