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All Forum Posts by: Brian Grant

Brian Grant has started 4 posts and replied 38 times.

Post: Checking accounts for rental properties

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

I am hearing for taxes, financing, and legal organization that creating a checking account for each rental property is advised. I want to start organizing my self properly now as I am just begging. I am concerned that in the future this could be quite a lot of accounts and curious how others do this. Please let me know your advise. Thank you

Post: Property Management Company in Crestline, CA

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Hey thanks, I just got off the phone with her and am pretty much sold on her. Thanks again

Post: Property Management Company in Crestline, CA

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Good Day All,

I am looking for a good property management company in the Crestline, CA area. They all seem to run about 10% for the cost but the span of what is included in the price is wide. With some I can not even get a call back. Would anybody have any recommendations? Thank You.

Post: Cant get numbers to work, need advise please.

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Thanks All, I was a bit nervous posting this but now I am very glad I did. The advice that can be obtained here is huge. 

Eric: The address is 231 W. Glen St. in Tucson. I believe you are right about the ARV.

Post: Cant get numbers to work, need advise please.

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Hey All, I need help I have been running numbers on investment properties over and over and I can not seem to make the number cash flow. Please take a look and tell me what ya think.

Built in 1962, central Tucson Az, 3 Bed 2 Bath, 1408 Sqft.

Income
 Realtor advised amount to easily rent quickly. $700.

Cash Flow

Total monthly income $700.

-Total monthly expenses $849.

Total monthly Cashflow: $-149.


Total Annual Cash Flow $-1788.

Expenses
Taxes $108. Insurance $100.

Vacancy $100.

Repairs $50.

CapEx $100.

Property Management Fee $129.

Mortgage bases on $72,760. $262.

4.5% % 25% down

Total Monthly Expenses $849.

Cash on Cash Return
Down Payment $18,190
Closing Cost $2,500

Rehab Budget $10,000

Misc: inspection $400

Total Investment: $31,090


Cash on Cash Return 9.6%

BiggerPockets: The Four Square Method for Analyzing Rental Properties form.

This is an REO, the realtor is advising to start at the listed price of $72,760. dollars.

The property will need interior paint and a good cleaning. 

Post: Brand new to Real Estate investing

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Welcome @Anthony Edwards, something I am currently doing is going through the podcast from No1 to the current. I have found that the advice and experience of the guest speakers is huge. Have fun in your journey. 

Thanks,

Brian Grant

Post: How I Made 12 Deadly Mistakes & Still Broke Even on my First Deal

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Thanks for this post great advice. I am looking to get the ball rolling for the first time and this will definitely help me as I look in the Tucson, Az area.

Post: In 3 words, describe your 2017 Real Estate goals

Brian GrantPosted
  • Rental Property Investor
  • Lake Arrowhead, CA
  • Posts 43
  • Votes 23

Stop being scared, do first deal.