All Forum Posts by: Ray Realdine

Wow!

Thank you so much Jeff for analyzing my deal. My strategy going into this is to buy and hold. I am looking to build a real estate portfolio over time, not just flip properties...at least not yet.

I ran the numbers multiple times, using different online calculators, but I still wasn't 100% sure of the projected figures I ended up with. I wanted to see what veteran real estate investors had to say. In my calculations, I did not figure in 10% vacancy, I used 5% and I did not factor in property management, since I would be doing the management myself. I also figured 5% for maintenance and repairs. My calculations put me at $400+ for cash flow and 13% cash on cash return.

I will keep you posted. Thanks again!

Just put an offer in on short sale property for 92k in Bucks County, Pa. Average comps for well maintained houses is around 135k. Average rentals for 3 beds, 1 bath, 1000sft is 1400. Question: Is this a good deal? Sale price of 92k, with 20% down and 5% interest, (taxes $3000/year, $1200 insurance) plus $12k needed in renovations, plus $2500 for short sale negotiator...rental income $1400/month J