All Forum Posts by: Dusty Ackerman

Thanks everyone for your responses! Capex & Vacancies forgot those two.

Hello,

Here is what I got in front of me. Should I go for it or pass? 

Thanks in advance for your opinions!

Contract for deed

Purchased -$76,000

Appraised -$90,000

Terms - 4.5%/30 years (no balloon mortgage)

2 bed/2 bath/ 1230 sqft

Turnkey.

I believe I can get $800 for rent. I talked with a few other landlords that have the same units.

Here are the numbers, please let me know what I'm missing. Maintenance is the one I was not to sure on.

Mortgage -$363

Taxes -$100

HOA -$50

Insurance -$55

Maintenance - $78 (10% of rent)

Property management - $78 (10% of rent)

Cash flow -$76

I believe everything else should be covered by the tenants. 

Let me know your thoughts.

Good luck on this @Tyrell Perry keep us informed on how it goes.  

Leland, Nice for you to join, hope to see you around!

Hey Danny, 

Welcome aboard and good luck with that 4-plex

Congrats Nathan!

@Ryan Dossey Keep up the good work!!!

I am with @Landon Dolezal on this one. BP is a "one stop shop" to find information on REI. This site is so unique compared to many others because if you are unable to find a particular piece of information or just have a question, there are so many people that are willing to help on the forms.

oops!

Hello, 

If everything is still good to go for BWW @ 1130 Friday 12/5, I am pretty sure I will be able to make it!

Thanks