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Updated almost 5 years ago on . Most recent reply

User Stats

69
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30
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Hud Malik
  • New to Real Estate
  • Brooklyn, NY
30
Votes |
69
Posts

[Calc Review] Help me analyze this deal

Hud Malik
  • New to Real Estate
  • Brooklyn, NY
Posted

View report

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

Used the BRRRR method on this property. Any advice would be helpful if anyone sees any mistakes that need to be fixed. Thank you!





Most Popular Reply

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517
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772
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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
772
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517
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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
Replied

Could be good, Hud.

A couple things

1. For a 1917 house, 10k in rehab seems very low

2. For a 1917 house, you probably want 20% taken out each month for reserves for repairs.

3. Issue you may run into is trying to finance a 65k house.

You'll likely need a private lender or a personal HELOC as most banks won't get out of bed for that.

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