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All Forum Posts by: Ian E.

Ian E. has started 4 posts and replied 34 times.

Oklahoma City Real Estate Forum

Post: Oklahoma City Rental Savvy Agent

Ian E.Posted
  • APO, AE
  • Posts 35
  • Votes 44

@Paul Choate thanks for the help.  @Rhett Tullis has been awesome!

0 Votes
Oklahoma City, Oklahoma
Oklahoma City Real Estate Forum

Post: Oklahoma City Rental Savvy Agent

Ian E.Posted
  • APO, AE
  • Posts 35
  • Votes 44

I am looking to purchase a few multi-family properties in the Oklahoma City area and am looking for an agent to start placing a few offers.  Any recommendations?

0 Votes
Oklahoma City, Oklahoma
Real Estate Deal Analysis & Advice

Post: Triplex Analysis for a noobie

Ian E.Posted
  • APO, AE
  • Posts 35
  • Votes 44
Haven't done a walk through or inspection but the owner says that no major repairs are currently needed.
0 Votes
Real Estate Deal Analysis & Advice

Post: Triplex Analysis for a noobie

Ian E.Posted
  • APO, AE
  • Posts 35
  • Votes 44

I am looking at purchasing a mid-1980s Triplex (2/1 for each door) for $120k.  It is currently at 100% occupancy at $675 per month.

Monthly rent - $2,025

Taxes - $145

Insurance - $125

Management - $202.5

Maintenance - $202.5

Vacancy - $202.5

Total Expenses - $877.5

Down Payment - $40k

Debt Service ($80k @ 20 years) - $472.5

Cash Flow - $675 ($225 per door)

This is my first property so I want to make sure I am doing everything right. However, the math seems like a deal.  I am currently stationed overseas so I will not be able to actually conduct a walkthrough.  What am I missing?

0 Votes