All Forum Posts by: Andrew McIntyre

@Jeff Brower Thank you!

@Michael Lee Thank you for your wisdom :)

@Thomas Wever Thank you for the link! that will defiantly come in handy.

@Jessie Wells

@Christopher Hui  @Christopher Giannino @Jeff Copeland

Thank you all so much for your input! It is all making that much more sense now :)

Going to throw out an example purchase for my questions, bear with me :) Ok, so I want to buy a duplex and rent it out. I'm going to just throw a number out, lets say total price is 180k. So question number one. I would divide 180k by 2 then multiply the 90k by lets just say 1% to get the amount of rent i should charge each tenant right? so annual income would be $21,600, for my example I will say my annual costs are $12,000 which leaves me with $9600. So here is what I don't get, if all I put into the property so far is about 50k (36k for 20% down payment and 14k for whatever else) do I just do 9600/50k? or 9600/180k? i get 19.2% c.o.c with one and 5.33% with full price. Which formula should I follow when buying a buy and hold multifamily property?

Going to throw out an example purchase for my questions, bear with me :) Ok, so I want to buy a duplex and rent it out. I'm going to just throw a number out, lets say total price is 180k. So question number one. I would divide 180k by 2 then multiply the 90k by lets just say 1% to get the amount of rent i should charge each tenant right? so annual income would be $21,600, for my example I will say my annual costs are $12,000 which leaves me with $9600. So here is what I don't get, if all I put into the property so far is about 50k (36k for 20% down payment and 14k for whatever else) do I just do 9600/50k? or 9600/180k? i get 19.2% c.o.c with one and 5.33% with full price. Which formula should I follow when buying a buy and hold multifamily property?

@Chris T. thank you! 

I was wondering if anyone could point me to a good site to search for multifamily homes, preferably for fourplexes. I was on a site called looper but now they want me to pay to search for properties and I am not at that stage yet, I would just like to browse for now until i get out of school. Any help would be much appreciated!

Hello @Jacob Firnekas! i am currently in tech school and i cant wait to start my business in real estate investing! It's very exciting to think about someday achieving financial freedom. I just wanted to say good luck and happy trails to a fellow Wyomanite :)