All Forum Posts by: Antonio Nguyen

Hey Hari,

I live in Fairfax right of Braddock Rd near Mason and grew up in here my whole life.  Good to see a local fellow Bp'er.  I work with an investor who strickly focuses on the TH's in the GMU area and rents out to students only.  Although our area is more of a mortgage paydown play, renting out to students is def a strong play.  

Welcome Raheel from a local BP'er!  Glad you found the amazing community :)

Welcome to BP Tim!  Get ready for your life to change if you take action and hustle like no other :)

Hahha thanks @Russell Brazil!  

Hey Matthew, I love the sound of this.  I would definitely be interested in a meetup like this to keep everyone on track of their goals and feed off of each other.  

Thanks @Jon Deavers appreciate it.

@Trevor Ewen Thank you man, really appreciate the feedback on Jon.  Hope all is well with your investments buddy.  Good looking out!

Thanks @Russell Brazil you beat me before I even emailed it to you haha.  That's exactly the knowledge I was looking for not being experienced with investing on new construction property.  Appreciate the detailed response as always.

Hey @Erik Johnson

Vacancy: 5%

Repairs & Maintenance: 5%

CapEX: 8%

Property Management: 10%

Insurance: $100 monthly

Hey Guys, I came across a new development Duplex, please see below my results:

Original List Price: $339,900 ($169,950 each)

Purchase Price: $310,000 ($155,000 each)

Each unit has 3BR/3Bath with 1544sqft (total of 6 BR/6Bath)

30 years fixed at 4.5%, 20% down

Gross rent: $3400 ($1700 each unit)

Property Taxes: $1600

-New build so property is built in 2016 and currently still being finished.

-Tenants are paying for utilities

My numbers are showing a 13.5% Cash on Cash ROI and netting about $790 a month in cashflow. I know this may not be your criteria, but assuming it is, are you getting about the same numbers as well?

Any thoughts feedback? Thanks guys!