All Forum Posts by: Nando Gapasin

Jaysen-

Thanks for analyzing. I walked the property and a agree with your assessment. The home was older and would need ongoing maintenance and Cap improvement. The rental market caters to college students, which could also increase wear, so I increased CapEx and Repairs to 16%.

The property taxes ($487 annually) were not accurate as you thought. The current owners were seniors on a Property Tax Reduction program. I estimated them at $1325 annually.

I have monthly cash flow $289, ROI 8.8, if I managing the property myself. The ROI is still low.

Hi, I was wondering what type of questions I should ask when screening potential buyer agents when looking to purchase a listed rental property? Or is better to work work directly with the listing agent who might be more motivated by double ending the deal?

View report

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

@Brandon Spurlock

Congratulations!

Hi Chris, thanks for chiming in on this one. Appreciate your time. 

I grew up in the Bay and lived in Oakland and Richmond the past 8 years before relocating to Boise. 

Take care, Nando

Hi Danielle, thanks for analyzing this for me. I’m not 100% sure on the utilities. Also, I’ll need to reconfigure my numbers with commercial financing (i.e. large down, higher rate). 

Hi Chris, thanks for chiming in on this one. Appreciate your time. 

I grew up in the Bay and lived in Oakland and Richmond the past 8 years before relocating to Boise. 

Take care, Nando

Thanks Dustin! The numbers work for cash-flow.  I'm unsure of the rental market and the equity potential is low. Doing my homework:)

Hello, I found a home that can be purchased for $100K and needs $140K in rehab. ARV $315K. I was thinking about using a 203K loan, but was uncertain about the underwriting guidelines for the 203K.

- Do I qualify for 203K if I've already had a 3.5% FHA loan?

- Can I be self employed less than a year and qualify ?

Please let me know if you experience with the 203K.  Thank you! Nando

View report

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