All Forum Posts by: David Hollenberger

I'm looking for Pittsburghers to help broaden my network! I'm diving into REI and I'm ready to make some deals, make new friends and learn as much as possible.

@Jonathan Soto Thank you for your advice!

@Doug Shapiro Thanks for your advice!

@Doug Shapiro Thanks for your response. This is what i figured out but im not sure if Im missing anything or if something seems off. Return (IRR): 47.78% per year Total Profit when Sold: $78,918.59 Cash on Cash Return: 553.81% Purchase Capitalization Rate: 8.45% Monthly Annual Income $1,400.00 $16,800.00 Mortgage Pay: $457.40 $5,488.85 Vacancy (5%): $70.00 $840.00 Property Tax: $125.00 $1,500.00 Total Insurance: $91.67 $1,100 Maintenance Cost: $100.00 $1,200.00 Other Cost: $133.33 $1,600.00 Cash Flow: $422.60 $5,071.15 Net Operating Income (NOI): $880.00 $10,560.00

@Hardik Patel Thank you for your response. I did run this property through a calc however not the BP calc yet. Return (IRR): 47.78% per year Total Profit when Sold: $78,918.59 Cash on Cash Return: 553.81% Purchase Capitalization Rate: 8.45% Monthly Annual Income $1,400.00 $16,800.00 Mortgage Pay: $457.40 $5,488.85 Vacancy (5%): $70.00 $840.00 Property Tax: $125.00 $1,500.00 Total Insurance: $91.67 $1,100 Maintenance Cost: $100.00 $1,200.00 Other Cost: $133.33 $1,600.00 Cash Flow: $422.60 $5,071.15 Net Operating Income (NOI): $880.00 $10,560.00

I am from Pittsburgh PA and I'm looking for some guidance in my real estate investing journey. I am brand new to the field with no previous experience. I'm 26 years old with a full time job and want to start investing on the side until I grow my portfolio and profIts enough to be able to Invest full time. I have been watching many YouTube videos and podcasts about real estate investing. My goal is to accomplish this In 10 years or less. I have been doing some market analysis in my area along wIth a lot of research in the field. I am going to pursue my first deal soon. It's a unique situation that definitely has some upside. I'm looking to build a network and gather as much knowledge as possible to become as successful as possible.

I am brand new to Investing and this would be my first potential deal. This house is right next door to my current home and the owner hasn't lived there for 3-4 years. (Lives with her boyfriend) She keeps it maintained and is in good condition. She has the home paid off and has mentioned about wanting to sell before. I want to cash flow this property eIther by lease wIth the ootIon to buy or Long term rent. My deal is as followed: I would ask to do sellers finance so I could avoid a bank or loan at all. Offer price - $125k Repairs - $10k Mortgage/Tax/Ins. - $675 RAV - at least $160k Rent - $1400/m Prices are very reasonable for my area. Let me know what you think. Thanks!