All Forum Posts by: Nathan Patterson

 That is great information.  Do you know what appreciation you typically see?

 Yep, I wasn't sure what to go with since it is Mississippi & it is my first property. 

I  agree, it depends on which loan I go with.  I put in the highest interest rate to see if it would still work.  

Looking for some feedback on my numbers.  Also any input on any thing I might be missing or have completely wrong. Review numbers here.

Hello there, 

Good job, is this your first rental as well? Do you mind sharing the COC/cash flow? What are your long term goals with this property? I'm interested in doing a mobile home myself, the one I'm currently looking at is by itself though sitting on 6 acres.

Personally, I would not tie up 40% into one property.  That is a lot of cash to not have access to.  I think you should keep analyzing to find a deal that works.   

Hello, 

quick background, I have started my 90 day goal of getting my first property. I started on July 1st & have thus analyzed 34 deals, trying to get to 100 as Brandon Turner recommends. Here is the issue, I'm out of deals. Right now I am using the MLS since this is my first property & don't know the process quite well enough to do an off market deal. Should I expand my region out of the town I am looking in. It is a town of 38,000 people or so. I could expand out into more rural areas, just not sure how easy it would be to rent in the country. There are a few that I could offer on out of the 34 that I have analyzed though. Thoughts?

Congrats! I like the looks of the property.  Will you be managing it yourself? 

You should be able to remove without losing your current rate.  I would recommend reaching out to your lender and find out their process.  I'm currently in this process and I'm only needing to reappraise.