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All Forum Posts by: Gardy Saturne

Gardy Saturne has started 15 posts and replied 63 times.

I just updated the report. Added 5% to capx. Also included cost of rehab towards purchase. 119k(purchase) + 81k(rehab). 

Cost of Rehab added in purchase price

Welcome to the BP Community ! Using the rental calculators really pushed me to learn more. If there's naything we can do to help let us know. 

I would stay at the job just for security. Because if you go to to the next one and see the possibility of being laid off because of how the industry is, it would be best to stay where you are. Also I would figure out which real estate direction you want to go in. Then research that area to see how it can help you guys out financially. I like Buy and hold and using that income to pay down my debt vs trading my time on the clock to do that.  

Post: Introduction - Central VA Investor

Gardy SaturnePosted
  • Investor
  • Ohio
  • Posts 70
  • Votes 22

Hi Trevor, I have a great FB community in VA.Looking up Wholesaling VA Supercharged.

I'm in the NJ market. I can connect with you some resources. Shoot me a message !  

Post: Hello! Newbie from Mercer county NJ.

Gardy SaturnePosted
  • Investor
  • Ohio
  • Posts 70
  • Votes 22

Hi justin ! I'm just starting out as well. I'm also in the new jersey market. I would recommend to start analyzing some deals in mercer county. Hit me up ! 

I just want to make sure Im putting the correct numbers in the right place. I think this mortgage information is just coming from the purchase price. I plan on using 203k loan. I'm not sure if the estimated repairs is included in the costs of the mortgage ?



Originally posted by @Joseph A.:
Originally posted by @Gardy Saturne:

What's up BP ! Finally upgraded to the Pro account. ( I was tired of not being able to go back to my reports lol )
Looking to do my first BRRR deal on this property. My goal is to rehab, increase value, pull out equity to go get another deal. I was conservative towards rent and went high on rehab cost. The rent numbers are only for the first and second floor. I plan on living on the 1bedroom in the 3rd floor. I am going to have separate meters for utilities. Type of loan I am going to use is a standard FHA 203k. Any feedback would be greatly appreciated.

Thank you in advance guys. 

View report

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

Looks like a good deal I would pull the trigger on this, just have one suggestion and one question. I would add a portion to the expenses for capex to cover those future major expenses. Is the rehab estimate based on an actual quote from a contractor, if so how much of that budget is for contingencies?

I just want to make sure Im putting the correct numbers in the right place. I think this mortgage information is just coming from the purchase price. I plan on using 203k loan. I'm not sure if the estimated repairs is included in the costs of the mortgage ? 

View report

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

Rehab cost was rough estimate. I did 30$ x 2707(sqft). I'll update numbers once I walk it with contractor to confirm. 
What % would you put towards Capex ?

What's up BP ! Finally upgraded to the Pro account. ( I was tired of not being able to go back to my reports lol )
Looking to do my first BRRR deal on this property. My goal is to rehab, increase value, pull out equity to go get another deal. I was conservative towards rent and went high on rehab cost. The rent numbers are only for the first and second floor. I plan on living on the 1bedroom in the 3rd floor. I am going to have separate meters for utilities. Type of loan I am going to use is a standard FHA 203k. Any feedback would be greatly appreciated.

Thank you in advance guys. 

View report

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