All Forum Posts by: Jessica Tahata

Hi BP Friends, 

My name is Jessica and I'm a new investor here. My realtor brought an off market, under contract, and tenant occupied house to my attention. Below are the details, please let me know if there are any bases left to be covered, additional questions I should have answered, etc: 

- 3 Bed, 1 Bath, 1106 SF

- $695/month, current rent value is $1000-$1100/mo 

- Tenant pays on time 

- There's a mild subfloor/foundation issue in the corner of a room (realtors guess is that it could be a failed rim joist from moisture - is this an expensive fix?) 

- Asking $65k + $3k BA Fee

- PT: $1200/year | Insurance: $1000/year | HOA Fee: None

- Tenant pays utilities 

These are my numbers when I run them, please feel free to let me know if they look funky or if I'm missing anything:

- Monthly CF: $202

- CoC ROI: 11.12%

Very nervous and excited to purchase my first property. I don't want to jump the gun without doing my due diligence first, and that includes getting my math scrutinized by other well-seasoned investors :) Thank you in advance! 

Hi BP Friends, 

My name is Jessica and I'm a new investor here. My realtor brought an off market, under contract, and tenant occupied house to my attention. Below are the details, please let me know if there are any bases left to be covered, additional questions I should have answered, etc: 

- 3 Bed, 1 Bath, 1106 SF

- $695/month, current rent value is $1000-$1100/mo 

- Tenant pays on time 

- There's a mild subfloor/foundation issue in the corner of a room (realtors guess is that it could be a failed rim joist from moisture - is this an expensive fix?) 

- Asking $65k + $3k BA Fee

- PT: $1200/year | Insurance: $1000/year | HOA Fee: None

- Tenant pays utilities 

These are my numbers when I run them, please feel free to let me know if they look funky or if I'm missing anything:

- Monthly CF: $202

- CoC ROI: 11.12%

Very nervous and excited to purchase my first property. I don't want to jump the gun without doing my due diligence first, and that includes getting my math scrutinized by other well-seasoned investors :) Thank you in advance! 

Hi all, 

Rookie investor here! Super bummed I missed out on this meetup, looked super fun. Definitely looking forward to attending more in the future. Thanks @Charles Simon for organizing!