All Forum Posts by: Justin Ruholl

 Thank you!  The home was built in 2001 and has been kept up very nicely.  Roof will need replaced in 3-5 years and I will have the 3500 saved up for it by the time with the 5% cap x.  Would you recommend putting more than 5% for repairs and capx?

Thank you very much for the input! I’m going to try the stack method and do a fourplex next year.  My plan is having my sister buy a fourplex( she wants to move soon) and then we could split the profit and in a year she could move out so we could make more.  Hope you have a good one!

I am partnering with my parents for this house.  They are combining their home loan with this rental loan to make it a total of 650 monthly payments(325 each).  I am actually paying 325 a month for the rental so I messed that part up(I have it on the rental calculator but I couldn’t put the picture on here). I am putting 60 a month towards vacancy(also forgot to include that). I will definitely think about making the cap x higher.

Neighborhood is pretty new, and it’s right next to a school!  Other houses have gone for 1200 in the area and my friend actually has a similar house and he charges the same. There are not many rentals that aren’t full in my area right now.  Thanks for the response!

Hello, I just finished highschool and am going straight into real estate instead of college.  I am about to close on my first single family 3 bed 1 bath.  Could I get some input on this deal?
(Income)
Rent-1200

(Expenses)
Mortgage-300

Taxes-143

Insurance-37

Maintence-60

Repairs-60

CapX-60

Trash-15

Cashflow-600/mo

Purchase Price 115,000

COC- 26.6%