All Forum Posts by: Account Closed

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

Hi Everyone,

This is my second analysis on a second property. I think this is a good deal. Please let me know what you'll think.

@Robert Leonard

Thank for so much for your advice. I was not sure if 250$ was low but now that I think about it is. And I will go back and recalculate it using the same method that you use. Thank you.

@Peter Kuck Great point. Thank you for the link.

@Sam Shueh  Thank you for the advice. I will remove the utilities and see how my calculations come out.  

@Anthony Thompson

Hi,

-I estimated 3k for any unexpected repairs that were not accounted for. Do you think that’s reasonable?

- I went of Rentometer.com, and I saw that the average rent for a 2-bedroom is around $1,000 to $1200 a month. Since I have not physically seen the house, I assumed that with all the units already renovated the rent would be about 1100 a month.  I am still waiting for more information in regards to how much the current tenants pay a month for rent. Is that the proper way to go about it?

- I am still searching for a good property management company. I do not have any experience with C Area, but I hope that with a good property manager, I can get the learning experience and knowledge that I need to operate a multi-family home in that properly are. What do you mean by a spreadsheet? By the look of the area trend, it seems there is much trending in the area which that was an excellent question because when I was searching for properties, I did not take in consideration of the area trends.

Thank you so much for the feedback you brought up some great point that I overlooked. Hopefully, my analysis was not the worst you ever been. Thank you.

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

Hi Everyone,

I am new to the BIggerpockets, and this is my first analysis. I am very excited and eager to learn the ropes in investing in multi-family homes in Providence, RI.  Thank you.

I look forward to hearing from you all.

-Flavia