All Forum Posts by: Jesse Frageman

Thank you both for your responses - this is very helpful! 

I recently noticed two small multifamily properties in my neighborhood that look neglected. When I looked up who owns the properties on my county's tax portal, the county shows the owners' mailing address as the address of each respective property. 

How do I know if these properties are owned by an out-of-state owner? By the way they look, they don't look like they are owner-occupied and being kept up. 

Will,

Following up on this post. Do you now have any examples you've put together in the past few years? I am looking to do the same and am hoping to find some examples as I start. Thanks! 

Jesse

Thank you, Brie and Mark, for your replies. Brie- do you mean I should analyze the property to include market rent from all units, and also include vacancy, repairs, etc for the entire property (opposed to only the units we would be renting out)? Mark- I follow your response up until the $800 net amount we would be making. To clarify, do you also mean to gross rents up to include rents for all units? If our unit would rent for $1,000, I would include this in the analysis (even if this covered the mortgage), to show what the true return of the property would be after we move out, correct? Thank you very much again!

Hello, I am in the process of beginning to search for a 2-3 flat in Chicago that my wife and I can live in and simultaneously rent out the other unit(s). Given we will be living in one of the units, we won’t be collecting rent from that unit and as a result, our return is cut dramatically. Should I be analyzing deals for owner-occupant homes the same way as a complete rental (~12% cash on cash, 1% rule, etc.)? Thank you for any and all help. Jesse

Thank you, both! The FilePlace seems to have a lot of useful information/spreadsheets I will definitely be using in the future. 

Hello,

I am new to BiggerPockets and am super excited to be exploring rental properties as an investment. Does anyone have a basic Excel model that basically does what BiggerPockets' investment analysis tool does? I am looking for something a little more "plug and play" then having to update a few sheets every time I want to make a change. Instead, I would like to be able to adjust the purchase price of a deal and see the results of the change immediately. 

Thank you! 

Jesse