All Forum Posts by: Charles Bischoff

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What is the best way to factor rental income and expenses using zillow?

I am trying to get better at deal analysis. My question is looking at duplexes and if it doesn’t say the rental income as a whole or per unit on the description I look at the zestimate.

For example, I am looking at a rent zestimate of “1595” with an estimated monthly cost of “1151”. It only says how the tenants have b” Ren with us for 20 years”.

This may be a dumb question, but is each unit renting for $797.50/month then? Or does each side bring in the 1595

Wow! Some immediate great feedback! I will definitely take the knowledge to heart - I should of mentioned I am always trying to sneak in BP podcasts and currently reading the ultimate guide each night after dinner. I have looked at the qualification process a couple months back so I know where I am currently at. It is definitely encouraging to see some great individuals in my area already. Thank you

I am a new investor to the Greater Tampa Bay area. A little bit about me: I graduated with a BSBA in Business Admin. with a Minor in Entrepreneurship and an emphasis in Sales/Customer Service in 2018 at the University of Missouri-Columbia (M-I-Z!). I moved here from St. Louis, MO and have been living in Tampa since October.

I have always been exposed to real estate growing up as my father does some buy/hold, but primarily flipping - I just wish I took the free experience more and applied it to my studies at school. I have done demo work, insulation, dry-wall, "tried" electrical (to no luck). My primary focus is buy/hold rentals - I want my first purchase to be a duplex so I can house hack. My short term goal is to use a FHA loan when I have enough money to put down for a duplex; long term goal being obtaining enough multi-families to cash-flow.

That being said, I am open to networking, meeting people in my area, and ultimately looking for someone that I could bounce ideas off of in my local Tampa area - participate in help they may need.

Thank you,

Charlie