All Forum Posts by: Erik Luna

Just as a side note, I am also being a bit conservative with the numbers.

Similar properties in the area have sold for 660,000.
I'm sure the interest rate could be closer to 3%

Rent could probably be closer to 1500 also instead of 1400.

Property taxes were taking off of Zillows Public Tax History (even then i raised the property taxes a bit)

and home insurance was based off of Zillow as well, so i'm sure that number might be a bit off. (I'd appreciate hearing your way of getting the most precise number for home insurance!)

Hopefully i can get better insight into what i might have overlooked and learn from my mistakes.

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*This link comes directly from our calculators, based on information input by the member who posted.

Thanks for sharing @Jake Garrity, i'm still a newbie and taking the steps to purchasing my first property and seeing real numbers as well as mistakes made help so much. 

@Bill B. Thank you for your insight! I occasionally analyze properties in Las Vegas to see if i could find a great deal and i did notice that a lot of the school ratings were low. I still need to learn about the neighborhoods in Vegas, but now i won't be quick to dismiss a property as bad just based off the school rating. 

@Dave Passey @Evan Polaski @Luke Marsh Thank you guys for the input! Now i won't be so quick to dismiss a potential great deal simply based off the school ratings. 

Hello! Hope everyone is doing well. I have been looking for properties to analyze, single residence and multi-family, but have noticed that many of the houses that have potential to be great deals, often have a low rating of 1 to 3 out of 10.

My question is, do low school ratings play a huge factor in whether or not you decide to invest in a property, or should that be one of the last things I should be concerned about?

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*This link comes directly from our calculators, based on information input by the member who posted.