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All Forum Posts by: Dan Sundberg

Dan Sundberg has started 8 posts and replied 72 times.

Post: Which book is Best to read or some you have read

Dan SundbergPosted
  • Real Estate Agent
  • Sacramento, CA
  • Posts 72
  • Votes 59

Not a Real Estate book, but How to Win Friends and Influence People is priceless in teaching interpersonal skills that are critical to making good deals happen.  

Post: Help me analyze this deal

Dan SundbergPosted
  • Real Estate Agent
  • Sacramento, CA
  • Posts 72
  • Votes 59

Hi Terri - by the numbers it looks like a good opportunity. Looks like you are approaching this as a BRRRR? A couple questions on the assumptions.

1) How confident are you in the estimated rental amount? I don't pretend to know that market at all, but a quick browse of online rental sites don't show 2/1 duplex units renting at $750/ea. You no doubt know this market better, but that's a big assumption to triple check. 

2) The budget for ongoing repairs and maintenance may be a little low for a house built in 1903...you never know what comes up...

3) May want to take another look at the pricing assumptions. the ARV is the sum of repairs and closing costs. I'd suggest revisiting the comps for ARV as hopefully the repairs would add more value than just their cost...either that or the purchase price should be much lower.

Hope this helps!