All Forum Posts by: Omosalewa Aderonmu

Sure. No problem at all. DM me your email and I'll send you a copy.

Cheers!

 Hi Ozzy,

Something like this https://www.biggerpockets.com/... and a lot more. Are you looking for an assistant in a particular area?

Thanks for taking the time to respond. 

Salewa

I'm looking to work with anyone seeking an apprentice for BRRRR or Fix & Flip in the Baltimore, Maryland, areas. I've been studying real estate investment for quite some years now and I think it's time to get my feet wet with a mentor-mentee relationship. I'm very good with number and will like to understand the local real estate market, with hope that this will guide me in my first real estate purchase. I hope I'm on the right path?

Thank you.

@Jt Marting What's your email?

@Candor Real yeah sure. What's your email address? Can send you a personal copy.

BP Family!

Please, I need help understanding the different between real average rent for a 3 bedroom property and intended monthly rent in regard to a student housing rental. 

For example: do you calculate the total gross monthly rent for each room separately in 3 bedroom property intended for student rental.

3 bedroom with firm purchase price.

Average rent of property: $1050

Intended owner rent per room for student housing: $500 each = $1500 now average rent.

Do you calculate the rental property per $1050 or the $1500. Because, if average rent of the property is $1050, I don't understand why you'd want to short yourself. Because, if you don't eventually utilize the property for student rental, then it'll be a bad deal if you made the purchase on a firm selling price.

Thank you.

~Steazy

Say Hello to my Little Friend: I think my Google Sheets Property Analyzer in less than 5 mins did a pretty good job. 

Feedback is welcome.

https://docs.google.com/spreadsheets/d/1a6zdMZZr4r...

@Stephen Waldroup Using the Rental Property calculator like you did, it came up short. Low cashflow and low CoCROI. 

But I concur with @Jon Crosby with the outcome of the BRRRR calculator. I won't be scared to make a lesser offer even though it says the price if firm at $74K on the property.

Don't let the BAD DEAL scare you. My rating is based on "Monthly Cashflow" of  > $200 and "Cash on Cash ROI" of > 12%. Being a newbie and trying to follow my mentors opinion. Smile.

Please, keep us informed on your decision and how things went down. All the best!

Thanks!

~Steazy

This is not investment advice. All views expressed are my own and do not represent the opinions of any entity whatsoever.

Thanks @Jon Crosby! 

Just something simple I could use pro tem. Thanks for your help with the CoCROI calculation. I love your idea of the Clik2Flip mobile property analyzer app and the facts that it requires NO data entry. I'll check it out.

Thanks for your help!

~Steazy

BP Family!

Thanks for your help in advance and thanks to the BP team for providing this platform.

Just on the course of getting to understand how well my investment is going to work well for me and give me a good ROI.

So today, I decided to create a rental property calculator from scratch in google sheet or to be sincere, I'm yet to save all up for the PRO member fee. Smile.

Is it a good deal? Is it a good cash flow? What is a good round number? Still some unanswered questions.

I think I'm beginning crunch the numbers; to understand these numbers, but got stuck on calculating the Cash-on-Cash ROI percentage for this listing. Need help with the values/numbers for these metrics for this listing. Cash on Cash ROI, Pro Forma Cap Rate and Purchase Cap Rate.

GOOD DEAL is only based on Monthly Cashflow greater than $200 but I really want to factor in the Cash on Cash ROI metric. Help!

Thanks for your help!

~Steazy

Hiya BiggerPockets Family! 

Call me "Shal" or maybe you want to get really cool with me, then call me "Steazy". I'm a little bit techie and I like to crunch the numbers. Hereto, I'm here to connect and learn, I don't know it all; neither would anyone ever succeed in knowing it all. 

“You get in life what you have the courage to ask for.” ~Oprah Winfrey

I'm sold on Real Estate Investing (REI) for passive income and long term wealth. I would like to endeavor into the single/multi family for student housing, flips, and the buy and hold REI niche. Still taking the baby steps, doing lots of research, listening to podcasts, watching videos, and listening/reading related books when I'm chanced. I like the Tax Liens, Tax Deeds, Overages and the Student Housing sections of the Smart Real Estate Coach Podcast and I'll advice you to listen to it if you are interested.

“Life is not a problem to be solved, but a reality to be experienced.” ~Søren Kierkegaard

"A journey of a thousand miles begins with a single step"

Anyways, I'm here hoping to connect with like-minded, in and outside of my current region. I am looking for tips and advice as I begin this uncharted journey. I already feel the positive vibes here at BiggerPockets, so let's get it cracking as I look forward to connecting with you!

"The trouble with being in the rat race is that even if you win, you're still a rat. ~"Lily Tomlin

Thanks!

~Steazy