All Forum Posts by: Mark A.

Would love to attend the meetup Saturday but can't make this date.

Steven Loveless Thanks for the input! I've actually been thinking the same, I could definitely improve on making more accurate assessments as far as repairs and expected maintenance. Especially when I actually take a look at the property.

Congratulations Ben! I'm definitely inspired by your success!

Hello BP! So I've been using the rental property calculator on the site to double check potential deals but I found that on the go without internet access it has been much easier to develop a spreadsheet to quickly crunch numbers. I wanted to share this spreadsheet with you in the hopes that you might be able to give me some input or maybe correct any misconceptions/miscalculations that may exist. Thanks in advance!

Some assumptions made on the spreadsheet: property tax is 1.5% of property value, PMI is .5% of property value (I usually leave it in my calculations even if the down payment is 20%, additional conservative safety cushion :P), Agent commission 3%, vacancy 7%, capex 7%. Also this spreadsheet did not include property management but I have since included this at 7% as well.

The property is a two building fourplex: (2) one bedroom/one bathroom and (2) studio/one bathroom, each unit has a one car parking garage. The lot sits less than half a mile to downtown Riverside and a block away from a large park and the community hospital. 

PS I did not offer on this property and it is already under contract

Coco Cook Much appreciated insight! I've definitely found it tough to find a property I've analyzed that suggests decent cash flow. I'm pretty open to all ventures so I'll keep looking both locally and elsewhere. Thanks! John Lee I didn't even think to just print the .pdf's thats a good idea! Yeah I realized I'm no longer up to date on the top 10 songs on the radio anymore ever since I've found the BiggerPockets podcasts... Definitely makes my drive to work feel productive though!

@Trexie E. Definitely will explore the education tab thoroughly :) Thanks!

Hello BiggerPockets!

I've been lurking for some time, around these forums and finally decided to jump in and start interacting with the community. I've definitely found a wealth of information thus far within these forums and mainly I've been reading all types of threads just to expand my knowledge and get more familiar with real estate investing. For now, my main focus is on educating myself and figuring the ins and outs of this sector so I won't have much to contribute in the beginning and I will definitely have a ton of questions to ask the community. So thank you all ahead of time for bearing with me and being such a supportive bunch and I hope one day in the future I can pay it forward to the BiggerPockets community! 

Thanks!