All Forum Posts by: Justin Jones

@Jerry Lewandowski How are you liking the journal? I'm about to pick one up for myself

@Luke Saseen How do you like the journal? Thinking about picking up a copy for myself.

How would you say you like the journal? Thinking about picking myself up a copy.

I'm not able to download and open the report on my Macbook pro. Any advice?

 The real numbers are really going to depend on your area. When I'm not familiar with the area I put 10% for vacancy. If the real number is lower than that and the deal still works with 10% vacancy I know I have some room for error.

As far as repairs it really depends. It's hard to say without walking the property. And if you aren't planning a lot of money on initial repairs I would personally put like 10% in.

If it was me I would increase the vacancy and repairs percentages to be safe. Also, have you walked this property? I would put at least $1000 into up front repair costs for good measure.

Check out some more of the books here on bigger pockets! If you're trying to save some money you can buy the audio books to download too. And as always there's a plethora of podcast episodes filled with knowledge.

I got mine!

I would re analyze and up the repair costs to make sure you'll be good even if you end up having to repair more than you think. I would also maybe bump up the routing repairs from 5% to 8% to make sure you're covered if something goes wrong.

There's a lot of information we don't know. Especially about the area the property is in. Given those numbers if you really can purchase it with $250k and only fix it up for $3k and have each unit rent out at an average of $987 you'll definitely be cash flowing a good amount.