All Forum Posts by: Account Closed

Hey,  looks good.  For that profit, however, I get a max offer of $216,000

I know it's a numbers game and it takes time.  But I have sent hundreds of post cards/letters and spent several hundred bucks.  No calls back.  Focus right now is note buying to build up a little cash.  From there, wholesaling and buying buy and hold properties.  I did put in some offers this week on small families.  So  I am committed.  Thanks for letting me vent. Feel like forum therapy.  Have a good weekend BP peeps!

But I know I need to keep going. I spent several hundred dollars and sent hundreds of post cards with no calls back. I'm focusing right now on note buying to build up some cash. Then my focus will shift to wholesaling and buying buy and hold properties. I have made two offers on small multi as I move forward. Thanks for letting me vent. It's like forum therapy. Ha. Have a great weekend BP folks.

@Ed Matson  Thanks so  much. I'd love to buy you lunch.  https://www.biggerpockets.com/calculators/shared/478033/f2128e00-28b7-4eac-bb1e-a811f29c15fc

https://www.biggerpockets.com/calculators/shared/478033/f2128e00-28b7-4eac-bb1e-a811f29c15fc

Thanks! I'lll send you my BP calculator. I feel something is off somewhere.  Ed, lunch on me !!!

I am assuming expenses are $2742 (tax, insurance, vacancies, property managements, cap and repair costs) .  Right now I am getting a cap rate of about 5.3% with cash on cash about the same.  But it does cash flow about $300/month.  Right now assuming 5% borrowing rate. Thanks for any help @Ed Matson

Hey there,  I found this duplex in Fairfield county.

Lowest price - $221,850

They want 25% minimum down.

Rent is $2850/ month total.

When I add expenses, etc it seems that the cap rate and cash on cash return is low.  However, it gives me a decent cash flow per month.   Any help would be appreciated!  

Thanks to you to for the support @Michael Noto

Thanks @Travis Lloyd