All Forum Posts by: Frank Apap

As part of the research into getting my feet wet with real estate investing a put together a little spreadsheet to evaluate potential pieces of property. The spreadsheet makes some assumptions but given my lack of experience I would REALLY appreciate a review of it.

Thanks!

http://spreadsheets.google.com/ccc?key=0AutHSb37bMqUdFpRVlkzNklxTTFNNDRyeFB4UkNvZXc&hl=en

Hi all,

I'm planning on going in with 2 partners on a property that we plan on buying and renting, with the general plan on continuing to buy/rent or buy/flip some additional properties. We originally planned to get an LLC but from what we understand securing a mortgage for an LLC is quite difficult. What is the general advice/experience with relationship to when to form an LLC/Corp for a real estate investment, should we do the first home or 2 differently? Any advice is greatly appreciated.

Wow, it just seems like it would make it almost impossible to do a buy and rent type of thing here then.

Hmm, I wonder if these #'s need to be adjusted in different markets. I'm on Long Island (NY) and the absolute cheapest houses are 300K, I'm looking at a property 350K, that can rent for about 3200 a month. Does that sound like a horrible investment?

Total newbie here, considering buying a property to rent (two family home) and hold for 5-10 years before selling.

I'd like to have a break even or positive cash flow and was wondering if there was a rule of thumb of what ratio of home cost (sale price) / (annual rent) would be a good place to start?

Thanks