All Forum Posts by: Preston L'Ecuyer

 Good to know.  Thanks for catching that. I was a bit too conservative.

 I understand.  I have thrown in a number now.  However, this is pretty much how our market is at this moment.  The rent cant go higher, the sales price cant go lower (asking price is  beneath current value by 10% - aka instant equity). The property is a few minutes from my office, a few minutes from my house, and is actually nice enough to possibly warrant living in the house in the future.  Didnt know if this one made sense, but I sure did get the feeling that it was a pretty good deal in our current area.

 I honestly thought that is what the current rate was for a rental.  I have excellent credit, but I don't see it going any lower than maybe 4.75?  What are you seeing these days? 

 I plan to manage the property myself, since this is our first property and I will actually have the time to do it.  

Forgot to mention that they installed a brand new 40-year roof.

Also, this would be me and my wife's first rental property.  We just don't know if the numbers are "worthy"?!?

Hello All,

I would humbly ask for someone to double check my numbers on a potential deal I am working on. (Sorry if this is not the proper thread, this is my first post, other than new member post).

Details:

• Not on MLS
• Arlington, TX
• 4 Bed, 2 bath
• 1875 SF
• Built in 1981
• Class A-/B+ neighborhood
• asking price - $200,000 (I estimate it is truly worth $220,000).
• Good schools close by.
• I will self-manage.

My numbers:

Thanks!  Let me know your overall thoughts of this deal in today's climate.

 Thanks Mike, I will keep you in mind.

 Thanks for the warm welcome Jack!  I look forward to engaging more with this community.

 You wouldn't be the first... haha.

 Awesome, thanks Carl!