All Forum Posts by: Bishwash Aryal

@Jeff Efird, it's been a while since you posted this, have you found the partner?

@Russell S. just sent a DM

@Rob D. Could you share that info, I will DM you

I have been reading that up to 4 mortgages are easy to get and instead of the total amount on the mortgage the count matters.

How would these two compare? and which one should I go for? Assuming I can qualify for both.

- 4 mortgages on 50K property, let's say it has about 2 rent ratio so higher cash flow but little to no appreciation.

- 4 mortgages on 200K properties, with rent ratio of 1, lower cash flow but will appreciate better than 50K properties.

I was also thinking since rates are lower, would taking a mortgage on a higher amount be better, as it might go up in the future.

Trying hard to figure out the strategy that works the best.

I would appreciate if you have any suggestions.

Thanks.

I do not see allocation for CapEx, and 3% vacancy is that a bit optimistic?

It looks like a good deal, good luck.

Thank you for the information, @Patti Robertson!

I have been reading that up to 4 mortgages are easy to get and instead of the total amount on the mortgage the count matters.

How would these two compare? and which one should I go for? Assuming I can qualify for both.

- 4 mortgages on 50K property, let's say it has about 2 rent ratio so higher cash flow but little to no appreciation.

- 4 mortgages on 200K properties, with rent ratio of 1, lower cash flow but will appreciate better than 50K properties.

I was also thinking since rates are lower, would taking a mortgage on a higher amount be better, as it might go up in the future.

Trying hard to figure out the strategy that works the best. 

I would appreciate if you have any suggestions.

Thanks.

@Jack Orthman

This will be a delayed finance situation, where I buy cash and immediately get mortgage on the house. The 36% is for Vacancy+Repair+Property Management.

Does anyone know how difficult would it be to raise rent on section 8 tenants?

Would this be considered a good deal? I would like a little more CashFlow but since I can get all my investment back immediately, I think its a good deal... before I pull the trigger wanted to seek any advice if I am missing anything in this deal.

Wholesale Cash Buy: $80K, off-market deal.

Rehab Cost: $0, section 8 tenant already in place.

Appraisal: 108K based on the comparative market analysis provided.

Current Monthly Rent: $950

Total Monthly Expenses: $991.90 ( P&I $343.57, Taxes and Insurance $301.33, 36% for Vacancy, Repair, and PM $347.00)

CashFlow per Month: -41.90, but if Principal payment in Mortgage is included which is about $76.90, CashFlow will be $35 a month.

I would be able to cash out all 80K from refi, but the CashFlow is marginal. There is potential for future rent to increase slightly.

Thanks!

@Reagen Natho, how do yearly expense vs income look in that area, do you mind sharing. Not sure what are major costs in a vacation rental, I believe the area is popular year-round, so my guess is vacancy rate is minimal compared to other seasonal markets.