Would love another set of eyes to Review this Deal

[Tania Reuben]

There are 4 properties total in this portfolio, the rents are actual, would  of course need to  be verified.  They are all section 8 and have all passed their most recent inspection.  

I have a solid ground team in the Montgomery Market, this would be my first hold & rent deal since I sold my Canadian  Rental.  

One other property may get thrown in with the portfolio, it would BRRRR.

Would love another set of eyes to review my numbers.  Would also love suggestions for lenders that might fund as per door on these units are all around 35K, talking to two local banks already.

Owner may carry the note, so that's one possible option.

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

[Jaysen Medhurst]

@Jay Hinrichs and @Tim Herman's points are spot on, @Tania Reuben. 

• I'd bump repairs and CapEx to 15% combined.
• You're not accounting for water/sewer or lawn care. What about other utilities? I know some Section 8 cases they have to be covered by the land lord.
• Your vacancy is probably a bit high, I usually figure 8%, especially with Section 8.
• Taxes look high and insurance may be, too. Confirm with the town and a local insurance agent.

Regarding your financing, you're not going to get a 10% down mortgage on an investment property. You should plan for at least 20-25%.

Why do you think that the ARV is $100k with no renovation and you're only paying $80k. If you're not adding any value, the FMV, by definition is what you paid.

Lastly, you should expect to spend some money on initial repairs. There's always something.