Deal Analysis Check - Duplex - Salt Lake City

[Colton Pierce]

Hello BP forums!

Please let me know if I am getting the numbers  correct, any advice would be awesome! :)

Thank you!

[Martin Carstens]

Colton,

Looking at your break down. My question would be is the interest rate of 4% correct? If so, you may be qualified as a first time buyer? If so, looks like you on a great start! Hope it works out for you!

Best of luck!

[Ryan Mertens]

I don’t think your 18% for capX , maintenance and vacancy is realistic

[Colton Pierce]

@Martin Carstens

Thanks for getting back to me! This was a quote I got for a Loan from a Loan Officer, it is a First Time Home buyer. I actually passed on this deal because they wouldn't take the offer that I sent to them with the numbers above. I tried to negotiate but they weren't willing to budge on the price they wanted. I am now looking into Large single family for a rent by the room House hacking strategy. Just waiting for a Offer to get accepted at this point :) 

[Colton Pierce]

@Ryan Mertens

Hey Ryan! Thanks for the reply, I just did a standard % based off of what Brandon Turner suggests in his deal analysis videos, What do you typically take out for these expenses?