All Forum Posts by: John Yu

@Jon Holdman Thanks Jon. That's great information. 

Jon Holdman Hi Jon, just curious, how did you calculate the 4% cash on cash. Assuming purchase price is $300k and 20% (60k) down. PITI is $1328 (this is what I am currently paying) and rental is $2200 per month. So my calculation is ($2200-$1328)*12 then divided by $60,000 = 17.44% cash on cash. I understand 17.44% is not the actual cash on cash and your calculation includes expenses, vacancy, etc, just curious as how other investor calculate their cash on cash and what sort of expenses you included in your formula. Thanks.

Thanks @Jon Holdman. My current model is purchase SFR in the $300k range, put 20%-25% down, so my PITI is around $1300. I can usually rent them out for approx. $2200. These are nicer homes, usually without repairs, and are built after 1995. Would you have invested based on these numbers. I see all other rentals in the area have similar numbers in terms of purchase price and rental income. I am looking for more properties but keep coming up with 20% downpayment and qualifying for loans is a big challenge, but of course finding good deals is the hardest part.

Hi @Steven W. I haven't really explored multi-unit myself. Both of my rental are SFRs as well. I haven't looked beyond my farm area which is Douglas County, mainly Highlands Ranch, Castle Rock, and Parker, but a decent SFR rental here that fits my criteria is around $300k. Just curious, where are your rentals in Denver and where are you looking?

Thanks John. Currently only looking at SFR, but open to multi-units. Never heard of loopnet, but will definitely check it out. Thanks for the info.

What is the best alternative method to search for properties if you want to focus on MLS listings but without MLS access? Personally I found Redfin is the best alternative as new listings show up on Redfin as soon as they are on the market. Does everyone agree? I noticed Zillow and Trulia are usually a few days old. I don't understand Zillow being a public traded company can't get their listings updated or pulled from MLS as quickly as Redfin. Am I missing something?

I live in Highlands Ranch, Colorado and have two rental properties, one in Highlands Ranch and recently purchased another rental in Castle Rock. I am still actively looking for investment properties in this area, mainly in Douglas County. I don't think the rentals in this area really fit the 1%-2% rule or the 50% rule, but I see rentals are everywhere in my area based on research on Zillow and County Assessor web site. Would like to connect with other REI and landlords in this area to bounce off ideas and see how other investors are acquiring properties and getting loans to expand their rental portfolio.