All Forum Posts by: Joshua Shull

@Jacob Evans I will be there!

@Shafi Noss

I am studying for the MD license and would love a study partner. I’ll private message you.

@Jacob Evans et al

How about January 11, 8am at Red Bean?

220 Main St

Annapolis, MD 21401

@Jeremy Willis

@Ben Bannister

@Briyana Hawkins

@Will Bowman

@Marylin OShea

@Jeremy Willis likewise, I would love to network with others in the Annapolis area

@Jaysen Medhurst

Thanks so much for crunching the numbers as well! I have been updating my calculator with all of the feedback from this post (but slightly different than your inputs). I still show it as cash flowing positively ($75/mo) but the COC return is now just 4.8% which is definitely not worth the time and hassle, and I don't think I'm ready to tackle a flip yet.

@Immanuel Sibero, thank you for the encouraging words! Truly appreciate the supportive community here on BP :)

@Caleb Heimsoth I talked with my local bank yesterday and misunderstood their requirements, it is 20% min DP for investment properties

Thank you for the honesty @Matthew McNeil . You are 100% right. I’m new and stumbling my way through this, and I really appreciate the different feedback from everyone on this post because I’m learning a lot (and having to swallow my pride). Appreciate you taking the time to share your thoughts!

Thanks @Ryan A. Cole ! Yes I’ve been talking with banks and believe I can finance it at 10% down but I’ll be sure to confirm that today

@Jane S. Thanks all for the input! Seems like I need to really closely examine the costs. It is a really small SFH in a nice waterfront community with great schools. Seller is an investor who's retiring and selling it off.

When I change vacancy to 5% and Capex to 5% brings Cap rate to 4.8% and COC return to 11.1%.

Definitely looking less attractive now.

@Kristofor Rahmas thanks so much for the feedback!

Yes I should probably put more for vacancy. For Capex, I could also put more there but roof, HVAC, and water heater are all new within last 3 years