All Forum Posts by: Account Closed

I highly recommend them. I have my 3 websites set up and it's probably the most affordable rate you can find out there. It doesn't take you more than 5 minutes to launch your website and it's very user friendly. 

@Crystal Smith Great point.. Never thought about that... I might consider increasing the rehab budget and update older items so I don't deal with them later during the next couple of years.  Thanks Crystal! 

 Thanks everyone for your feedback! 

@Brie Schmidt  Now I see why the 76K valuation seemed way too low for me.. I just saw the comp for 146K. Thanks for your help! 

@Troy Fisher Thanks a lot for the feedback. I will adjust the maintenance to a more conservative number. For some reason I thought the 10 % management fee was including everything. In that case, I might consider moving in the tenant to avoid marketing costs. Are these extra costs substantial? 

Taxes are not a concern as this building was already an investment property so I believe this number should be accurate. 

@Aaron Montague Thanks for your feedback. I agree, my main concern is the water estimate might be on the low side. I will do more research on those items. 

I actually double posted this thread by accident thinking the first one didn't go through... 

Here's the original thread. 

http://www.biggerpockets.com/forums/88/topics/1701...

Hi everyone,

I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (long term tenant). The second unit will be rehabbed. Each unit is about 850 SQ .

Are my numbers right? Am I missing something? There were very few comparables that I was able to find. And some of them were cash deals so I decided to value the deal using the cap rate formula. Please let me know what are your thoughts on this:

Here's the spreadsheet..

Hey everyone, 

I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (long term tenant). The second unit will be rehabbed. Each unit is about 850 SQ .

Are my numbers being conservative? There were very few comparables that I was able to find. And some of them were cash deals so I decided to value the deal using the cap rate formula. Please let me know what are your thoughts on this: