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All Forum Posts by: Justin H.

Justin H. has started 6 posts and replied 12 times.

Post: Formula for buying rental property????

Justin H.Posted
  • Banker
  • West Seneca, NY
  • Posts 13
  • Votes 1

So that would mean that every $72,000 house would rent for 2000 per month using that formula.

Post: REO - Financing, Offer Amount

Justin H.Posted
  • Banker
  • West Seneca, NY
  • Posts 13
  • Votes 1

Here's an absolute newbie reply.

More for practice for me than anything else.

Will an expert double check what I'm thinking here?

314k, take 70 percent of that, then take out the repair costs (60k).

Would a good starting offer be 159,800?

Thanks,
Justin