All Forum Posts by: Glen Beringer

Hi All,

Just thought I would pass this along as something I have used to get a general idea of the returns I can expect on a deal. The variables are colored in green which you can change, the grey numbers are calculated numbers, and the blue are carry-through numbers. There are two tabs- one for SFH and one for multi-units. The calculation doesn't take in to account vacancies, monthly repair costs, or property management fees. I do all repairs and management myself so I can generally complete these tasks with very little money. (I also buy properties in awful condition and pretty much make them new again, so after the initial outlay it is minimal maintenance.)

Happy to hear everyone's comments and pointers for making this better. Will probably add in a CAP rate calculator in the next couple of days and will post with any other updates folks are looking for. Again- this is just a ballpark return calculator- it is only as accurate as the numbers you feed it.

DropBox

-Glen

Thanks everyone!

Thanks for the responses everyone.  Posted a few pictures- sorry some of them are facing the wrong direction.

Thanks for the responses. The house is oil heat converted from coal heat I believe. The pipes stick out about 2 inches from the walls and just look bad, not completely necessary to remove but would help in updating the place. It didn't really smell of gas when we opened the pipes but the natural gas to the house is currently turned off. (Only gas used it for water, dryer, and stove). The pipes are copper if that helps.

Hi all, This is my first post on BP after listening to just about every one of the podcasts. As a way of an introduction, my name is Glen and I am relatively new to real estate investing but have jumped right in, buying two properties last year. I buy properties in wilmington, Delaware primarily for rental. I currently live in my first purchase that I have been renovating, and will convert it to a rental upon completion (and when I have the cash to buy another property). I only invest part time- and rely on my career as a CPA/anti-money laundering consultant for my living expenses. I am in the process of rehabbing the second house (a 1923- 3 bed 1 bath) now and have come across threaded and capped pipes in each of the upstairs bedrooms and hallway about 4 feet off the ground. I pulled back the carpets to see if there was a return pipe (as if there was an old radiator line) but there was nothing. My thought is now that this may have been old oil lamps or something. Just wondering if anyone has ever seems this. I didn't see any of the pipes coming out in the basement so I believe they are not live anymore. I am probably just going to hacksaw them out of the wall. I'll post pictures assuming I can figure out how to :-) Thanks! Glen