All Forum Posts by: Krista Thorn

My goal for 2017 is to purchase two investment properties! In getting started, I'm trying to determine my criteria for investment property and would like to know what other investors use. Here's what I've come up with so far.

SFH must have:

- +2bath

- Roof <10 years old

- Monthly Cash Flow => $250/month

- A/B neighborhoods

- =<$60K in repair costs

- No foundation issues

- No pool

- Target purchase price <$430K

Condo or Townhome must have:

- HOA no more than $200/month with no plans to increase

- A/B neighborhoods

- Monthly Cash Flow =>$200/month

- HOA must allow renters

- HOA must take care of roof and landscaping

- =<$20K in repair costs

- Must be over 900 sqft

- Target Purchase Price <$250K

What do you think? I am forgetting anything? Is this even possible to find in San Diego/Southern California? What criteria would you add? Thanks!

Hi all! I'm fairly new to BP and and real estate. As my first post, I'm hoping someone can help me with an analysis of a property I'm interested in. The property is located in Spring Valley in San Diego, CA. After doing some research and listening to tons of BP podcasts, I think I've finally got my analysis down. Here are some of my main assumptions on the 4 bed 2 bath:

I've created my own analysis of the property:

I'm having trouble determining how to calculate the Pro Forma Cap rate, the Purchase Cap rate, and the NOI. Can anyone help? Is this a deal you would do? Hopefully all my figures and images populated correctly for you...Thanks for any and all of the advice!

Hey all! A friend recently turned me onto BiggerPockets and, MAN, am I hooked. I love all the practical advice and personal experience (good and bad)! My husband and I bought our first home in 2012; a short-sale, fixer-upper originally built in the '60s. We were subscribing to the Sweat Equity model and four years later and our home is almost complete. Now I'm itching for another deal and another flip! My intention for using BP is to educate myself on my region's real-estate market, learn how to spot a deal (and what to look for), and how to analyze properties and determine positive cash-flow. I'm currently reading through the Ultimate Beginner's Guide but am still unsure of my personal strategy (i.e., BRRR, Fix and Flip, Buy and Hold, etc...). Look forward to learning more and interacting with this community! Thanks!