All Forum Posts by: Justice NA

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Justice NA has started 1 posts and replied 3 times.

Quote from @Brett Deas:

Budget for expenses, there are always unknown things that pop up.

Hey @Brett Deas , gotcha! I did add some variable expenses though..listed on the report. Are there others you're referring to?

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Quote from @Tim Herman:

@Justice NA unlikely you can get a loan for4.5% maybe 7.5%. Low down means pmi added to the payment. Unlikely your repair and capex numbers are correct. No PM cost. Good to add them even if self managing. 10-12% of gross. Water and sewer should be the tenants responsibility unless this is a multi family and the landlord is responsible.

Hi @Tim Herman ! I thought I updated the interest.. currently I’m looking at 5.5 to 6% interest rate. The property has undergone all renovations, everything is new. No repairs needed currently. Yes It is a multi family so I added the water/sewer as an expense just in case. Thank you for the tips on the report!

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*This link comes directly from our calculators, based on information input by the member who posted.

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