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All Forum Posts by: Maurice J Gibson

Maurice J Gibson has started 1 posts and replied 7 times.

Thank you very helpful. 

Post: Ask Me Anything Mid-Term edition.

Maurice J Gibson
Pro Member
Posted
  • Posts 7
  • Votes 2

The offer being the lease amount above market value.

Post: Ask Me Anything Mid-Term edition.

Maurice J Gibson
Pro Member
Posted
  • Posts 7
  • Votes 2

Hello Matthew,

I am in the state of Georgia and I have a potential opportunity to lease and recently renovated SF home and then sublease to traveling clinicians.  What analysis tools should I use? I initially used the rental analysis tool and kept the expenses with the landlord.  My offer would be at greater than market value with an increased deposit amount to make it more attractive.  What is your advise?

Quote from @Samuel Metcalf:

Fall Bootcamps, let's gooooo!

We are so excited to bring you all a line-up of unbelievably great talent and content. The materials, discussion topics and take-aways are all tailored to make you an informed investor and to equip you with the detail you need to take immediate, next steps on your real estate journey.

Don't hold any questions in! Sound off right here if you have top of mind thoughts, concerns or feedback of any kind. We'll get you the answers you need so you can make the best decision on which course is right for you, or perhaps which format (Interactive or Self-Guided).

Either way, it's going to be a fun ride. We'll be with you on every turn!

 Are the Bootcamps evening classes?  I am still with a fulltime W2 and can not participate until After 5 PM.

Post: First attempt at using the deal analysis. Help me analyze this deal

Maurice J Gibson
Pro Member
Posted
  • Posts 7
  • Votes 2

Tim, 

Thank you for the input with those adjustments it refit says no to this listing.  I guess you can’t put lipstick on a pig. Lol. Also, appreciate the insights on the data points used in my analysis.  Your feedback will help me with my future analysis.  Really glad to be apart of the bigger pocket’s community. 

Post: First attempt at using the deal analysis. Help me analyze this deal

Maurice J Gibson
Pro Member
Posted
  • Posts 7
  • Votes 2
Quote from @Tim Herman:

@Maurice J Gibson Why would you think your numbers should be different. You have a HOA fee of $542. If you aren't in a HOA you costs for capex will be way less than the fee. Unlikely you will get 5% loan. Unlikely your capex budget of $18 will be sufficient, unless the HOA pays for interior expenses. Take flooring; Ask what the commercial warranty. Be 10 years or less. Say you have 1500 sf of flooring. My area it is $6 sf to replace. $9000/120 months lifetime=$75 per month for 1 item in a capex budget. Look further down and see what the 50% rule. It shows you will make $132 positive cash flow. Why did you pick expenses rise by 5% and income and property growth rate only 1%.


Post: First attempt at using the deal analysis. Help me analyze this deal

Maurice J Gibson
Pro Member
Posted
  • Posts 7
  • Votes 2

View report

*This link comes directly from our calculators, based on information input by the member who posted.

First time investor looking to invest in the Tampa, Florida area.  I have a realtor sending me listings and this file is my first attempt at utilizing the deal analyzer.  My source of data came from Hillsborough tax office, realtor listing sheet and internet data.  Did I miss something or is this just not a good deal.  I really expected the numbers to come out differently.  Which data is an absolute must to be 100% accurate?  I am excited to get some feedback from the community.

Maurice Gibson