All Forum Posts by: Ralston Grose

Took a quick look at the report @Ralston Grose , I see you're budgeting out money each month for expenses such as repairs, capex, property taxes, etc. but why is there a 29% miscellaneous expense on top of all of your other projected expenses? You're nearly at a 1.5% rent to value ratio, therefore I would expect your COC return to be well into the double digits, especially considering such low property taxes.

The way this property is currently being rented is by the room to college students and based on the owners notes, he is paying for "lawn/pest control/insurance/utilities/cable-internet", a management company might might handle the lawn/pest control, but I left the expenses in because I have a feeling paying for utilities and cable is part of the lease the owner has with the tenants, and I would pick up insurance myself as well. I thought it would be best to keep the owners current expenses as part of the analysis so not to run into any surprises.

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Originally posted by @John Thedford:

Who will handle management

I have been looking up management companies in the area, but don't have a particular company in mind. I have been focusing mostly on trying to find a good property with positive cash flow. Most of the properties I have been finding the monthly mortgage bill just eats the cash flow.

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

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Yeah the numbers were not getting me excited at all. Unfortunately I am stuck in Boston for another year and I am looking to invest in Florida so I can't manage the properties myself. But I am still looking, want to have a property or two before I move down next year.

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I ran the numbers on this mobile home park but I am not sure an investor would find it attractive. 100k down for only 700 a month cash flow on a 50/50 split.

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

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Is this property still available?

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All Forum Posts by: Ralston Grose

Ralston Grose has started 3 posts and replied 8 times.

Post: I think this is a pretty good deal, Would you take it?

Post: Do you think this is a deal or two expensive?

Post: Do you think this is a deal or two expensive?

Post: Do you think this is a deal or two expensive?

Post: [Calc Review] Would you bring this deal to an Investor?

Post: [Calc Review] Would you bring this deal to an Investor?

Post: [Calc Review] Would you bring this deal to an Investor?

Post: ARV $276K, Rehab $73K Asking Price $105K - Southbridge, MA