Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 5 years ago,

User Stats

10
Posts
1
Votes
Evan Griffin
1
Votes |
10
Posts

[Calc Review] Help me analyze this deal

Evan Griffin
Posted

View report

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

Hello BiggerPockets Community, 

Looking at this property to purchase as my main residence for 2-5 years before becoming a landlord. I thought I should run a Rental Analysis since that will be the end goal. Although a lot of the "tests" it might not pass. The neighborhood is great and living here would allow me to save a ton of money. Although it might not be a lot of cash flow. Im getting a place to live and a option to rent in the future thats positive cashflow. 

Thoughts? 

(Finance) 

I have saved up 35k to put down. The other home that I own is not sold yet. (Nor listed currently) I thought about doing a recast loan allowing me time to sell and come up with the extra money. Worst case scenario if it doesn't sell I would be able to come up with the needed cash in 2 months I'm just not wanting to cut into those reserves, what are my best loan options? 

Thank you for your time,

Newbie Evan Griffin  

Loading replies...