All Forum Posts by: Maggie G.

thank you so  much, I agree, I think  $200 per door would be great.  The one in burbank is listed   on the market  almost 1 year. Great advice!! Thanks  Alex.

hey guys.  Recently I listened a podcast  on BP on wholesaling with Investor -Tom Krol.   I found it intersting so I found  more podcast  with Tom Kroll  and he is  offering  a  wholesale  course  or  mentoring program to  teach you basis and  the  entire  process on wholesaling for  a fee  , do you think it is  worth to  pay  money to  learn the  process or  not  ??  especially  to  pay a fee to investor  who was on BP  podcast???Not sure how much  he is  charging  but it is not free. I attened  few seminars  , one o them Rich Dad Elite Legacy Education  Event   charges beteeen  $26k-$43k for  mentoring program ,the  other  one  Cash Flow 2-5-7 offers  a mentoring  for  $10-$35K  ,  what are your thoughts on it? do you think they are  worthy to pay  that much money for courses, classes  and teaching of  these  real estate  strategies?? should I pay any  money to learn the real estate  strategies or  not??

thanks  .

so my question is : what would be a minimum , an acceptable cash flow (ROI ) for 6 units building?

Jonathan, thank you so much for your advice. You are right , so it is better to purchase one 6 unit building but looking at the cash flow for 6 units at Burbank, ROI of $345 per month from 6 apt it is not much , very little cash flow. on the other hand 6 flat in Justice cash flow is -$352 so I think the price is too high, am I correct?

HERE  ARET  THE  LINKS  FOR  BOTH  6  FLATS    BP  WORKSHEETS ..our PDF can be found at the below link for the next 7 days.

https://www.biggerpockets.com/calculators/shared/685230/576502c4-2709-46e3-bd3f-bbad216f794c

Your PDF can be found at the below link for the next 7 days.

https://www.biggerpockets.com/calculators/shared/685230/1e1db496-6684-4980-8451-05acffcf68be

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sorry, I wa strying to attach  BP  analysis  worksheet  but  it didnt let me do it, I have no clue  how to do that................. I have tried  few  times  with no Success  whatsoever!!!!

7914 W.82nd ave,Justice ,IL 60458, Justice, ILLINOIS 60458

MLS number: 08246034.

6 Flat with 1/4 bedroom Basement Apt or Studio

Monthly Income:

Monthly Expenses:

Monthly Cash Flow:

Pro Forma Cap Rate:

$4,300.00

$4,961.40

-$661.40

3.36%

NOI

Total Cash Needed

Cash on Cash ROI

Purchase Cap Rate

$16,800.00

$116,000.00

-6.84%

3.50%

Property Information

MLS Number: 08246034

Purchase Price:

$480,000.00

Purchase Closing Costs:

$5,000.00

Estimated Repair Costs:

$15,000.00

Total Cost of Project:

$500,000.00

After Repair Value

$500,000.00

Property Description

6 Flat with 1/4 bedroom Basement Apt or Studio

Down Payment:

$96,000.00

Loan Amount:

$384,000.00

Loan Points:

$0.00

Loan Fees:

Amortized Over:

30 years

Loan Interest Rate:

5.000%

Monthly P&I:

$2,061.40

Income

Rent

$4,100.00

Other

$200.00

Total

$4,300.00

Expenses

Vacancy

$215.00 (5%)

Repairs

$215.00 (5%)

CapEx

$430.00 (10%)

Electricity

$40.00 (1%)

Water & Sewer

$215.00 (5%)

Garbage

$107.00 (2%)

HOA

$267.00 (6%)

Insurance

$170.00 (4%)

P&I

$2,061.40 (48%)

Property Taxes

$1,152.00 (27%)

Misc

$89.00 (2%)

Total

$4,961.40 (115%)

Buy & Hold Analysis - 03/02/17 02:01:00

PM Page 1 of 3

Calculations based on a 31-day month. The calculators found on BiggerPockets are designed to be used for informational and educational purposes

only, and when used alone, do not constitute investment advice. BiggerPockets recommends that you seek the advice of a real estate professional

before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible

for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore,

BiggerPockets is not responsible for any human or mechanical errors or omissions.

Financial Projections

Total Initial Equity:

$116,000.00

Gross Rent Multiplier:

9.30

Income-Expense Ratio (2% Rule):

0.86%

ARV based on Cap Rate:

-

50% Rule Cash Flow Estimates

Total Monthly Income:

$4,300.00

x50% for Expenses:

$2,150.00

Monthly Payment/Interest Payment:

$2,061.40

Total Monthly Cashflow using 50% Rule:

$88.60

6 Flat in Burbank, IL (copy)

6148 W.79th st, Burbank, IL, Burbank, ILLINOIS` 60459

Monthly Income:

Monthly Expenses:

Monthly Cash Flow:

Pro Forma Cap Rate:

$4,550.00

$4,246.42

$303.58

5.95%

NOI

Total Cash Needed

Cash on Cash ROI

Purchase Cap Rate

$27,349.00

$98,000.00

3.72%

5.95%

Property Information

MLS Number: 09262104

Purchase Price:

$460,000.00

Purchase Closing Costs:

$5,000.00

Estimated Repair Costs:

$1,000.00

Total Cost of Project:

$466,000.00

After Repair Value

$460,000.00

Down Payment:

$92,000.00

Loan Amount:

$368,000.00

Loan Points:

$0.00

Loan Fees:

Amortized Over:

30 years

Loan Interest Rate:

5.000%

Monthly P&I:

$1,975.50

Rent

$4,350.00

Other

$200.00

Total

$4,550.00

Expenses

Vacancy

$227.50 (5%)

Repairs

$227.50 (5%)

CapEx

$227.50 (5%)

Electricity

$50.00 (1%)

Water & Sewer

$150.00 (3%)

Garbage

$170.00 (4%)

Insurance

$250.00 (5%)

P&I

$1,975.50 (43%)

Property Taxes

$938.42 (21%)

Misc

$30.00 (1%)

Total

$4,246.42 (93%

Financial Projections

Total Initial Equity:

$92,000.00

Gross Rent Multiplier:

8.42

Income-Expense Ratio (2% Rule):

0.98%

ARV based on Cap Rate:

-

50% Rule Cash Flow Estimates

Total Monthly Income:

$4,550.00

x50% for Expenses:

$2,275.00

Monthly Payment/Interest Payment:

$1,975.50

Total Monthly Cashflow using 50% Rule:

$299.50

7914 W.82nd ave,Justice ,IL 60458, Justice, ILLINOIS 60458

MLS number: 08246034.

6 Flat with 1/4 bedroom Basement Apt or Studio

• Expenses
• Income
• 50% Rule

Analysis Over Time Hide Assumptions

0%/year
Income Increase

0%/year
Property Value Increase

Monthly Income: Monthly Expenses: Monthly Cash Flow: Pro Forma Cap Rate: $4,300.00 $4,961.40 -$661.40 3.36% NOI Total Cash Needed Cash on Cash ROI Purchase Cap Rate $16,800.00 $116,000.00 -6.84% 3.50% Property Information MLS Number: 08246034 Purchase Price: $480,000.00 Purchase Closing Costs: $5,000.00 Estimated Repair Costs: $15,000.00 Total Cost of Project: $500,000.00 After Repair Value $500,000.00 Property Description 6 Flat with 1/4 bedroom Basement Apt or Studio Down Payment: $96,000.00 Loan Amount: $384,000.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $2,061.40 Income Rent $4,100.00 Other $200.00 Total $4,300.00 Expenses Vacancy $215.00 (5%) Repairs $215.00 (5%) CapEx $430.00 (10%) Electricity $40.00 (1%) Water & Sewer $215.00 (5%) Garbage $107.00 (2%) HOA $267.00 (6%) Insurance $170.00 (4%) P&I $2,061.40 (48%) Property Taxes $1,152.00 (27%) Misc $89.00 (2%) Total $4,961.40 (115%) Buy & Hold Analysis - 03/02/17 01:58:53 PM Page 1 of 3 Calculations based on a 31-day month. The calculators found on BiggerPockets are designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions. Financial Projections Total Initial Equity: $116,000.00 Gross Rent Multiplier: 9.30 Income-Expense Ratio (2% Rule): 0.86% ARV based on Cap Rate: - 50% Rule Cash Flow Estimates Total Monthly Income: $4,300.00 x50% for Expenses: $2,150.00 Monthly Payment/Interest Payment: $2,061.40 Total Monthly Cashflow using 50% Rule: $88.60 Analysis Over Time Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $51,600 $51,600 $51,600 $51,600 $51,600 $51,600 $51,600 Total Annual Expenses $59,537 $59,537 $59,537 $59,537 $59,537 $59,537 $34,800 Total Annual Cashflow -$7,937 -$7,937 -$7,937 -$7,937 -$7,937 -$7,937 $16,800 Cash on Cash ROI -6.84% -6.84% -6.84% -6.84% -6.84% -6.84% 14.48% Property Value $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 Equity $121,665 $127,621 $133,881 $140,461 $187,646 $305,649 $500,000 Loan Balance $378,335 $372,379 $366,119 $359,539 $312,354 $194,351 $0 Total Profit if Sold -$2,271 -$4,253 -$5,930 -$7,286 -$7,721 $30,914 $170,635 Annualized Total Return -2% -2% -2% -2% -1% 1

what do you guys think , which one would be a better option for investing and maximum cash flow (ROI) : to buy 6 single family homes or one 6 Unit building rental??

wow!! what a deal!!  money makes  money  for people with brain!! Great Job !!

Hello, Can anybody tell me how do I attach or post my BP worksheet on forum when asking members for advice on the deal? I have tried but it doesn't  work.  Please  help. I have tried  cut and paste link but it doesn't  appear on the forum............I need some help  with analyzing a deal.