All Forum Posts by: Lourdes Del Rosario

Hi @Daria B.

Thanks a lot for the analysis and advice! I tried to offer lower but my realtor said seller/flipper already reduced the price from $79k. House was recently rehabbed for $20k. From my calculation, the seller spent $61k in total. I'll check licensing costs for rental. Even at this price for 2BD/1BA, it looks like I'm still getting positive cashflow as the money  will come from SDIRA...

Hi BP'ers! I am just starting and looking for a stable way to retire and take care of my disabled husband in 5-10 yrs. So early this month I've made an offer at full price on this property and doing my due diligence. It is a safe area, cash flowing (according to my calculations $300+/mo) and will appreciate. Can you spare a few minutes of your time and help me? 

http://www.zillow.com/homes/930-Saxon-Blvd-Deltona...

Is the cash purchase price too much?

Purchase Price $75,000 cash , currently rented at $850 (2BD/1B, recently rehabbed)

Property Taxes $130
Insurance $55
HOA 0
Management Fee $68

Appreciate any feedback I can get...

Lourdes

Thanks, what's the average price range of duplexes in Tampa and appreciation rate ? I am only planning to buy a couple SFR properties cash from my SDIRA to rebalance my retirement portfolio and the Deltona property seem to be a good choice...

Hi again! Thank you all for your feedback regarding this property. I cancelled the offer after my the agent visited the place  and for sometime I have been looking at other properties. Last week, I've made an offer at full price on this property and doing my due diligence. It is a safe area, cash flowing (according to my calculations $300+/mo) and will appreciate. I tried to offer lower but seller wont accept it.

http://www.zillow.com/homes/930-Saxon-Blvd-Deltona...

Is the cash purchase price too much?

Purchase Price $75,000 cash , currently rented at $850 (2BD/1B, recently rehabbed)

Property Taxes $130
Insurance $55
HOA 0
Management Fee $68

Thank you so much...

Lourdes

Thank you again. I recalculated the cash flow it is about $400+ but then again the area is questionable. I've looked at trulia and saw the crime risk. I wonder why my agent did not advise me on this?

Thank you for the feedback, really appreciate them... Now ill have to reconsider everything again and start from scratch...

Hi Biggerpockets members! I've been reading the blogs the last 6 months and am now excited/scared to buy a rental property in Orlando Florida.
Here is the link:
http://www.zillow.com/homes/1206-S-Lee-Ave-Holden-Heights-Orlando-FL-32805_rb/
Please help me analyze if this is a good deal or not and whether it is a good area.
Purchase Price $105k
Downpayment 25%
Currently rented at $1300/month
Property Tax $74
Insurance $60
Management Fee $100
Repairs/Maint 65
Mortgage $410
I am seeing a monthly cash flow of about $200 but I am not sure about the area as I live out of state. Appreciate all your help!
Thank you,

Lourdes