All Forum Posts by: Victor Rios

Hello All,

I'm in the process of purchasing my first rental !! Now,  I am looking for home owners insurance for my property. I been looking but some are a bit pricey affecting my CASHFLOW !!!. Can anyone refer me a to a good Insurer ? I live in Houston.

Thanks for the input Mark

So I recently found a home that I want to rent out. 3 bedroom 2 bath and the house is located in a culdesac down the street from a elementary school.

Sales price 85k

30yr  mortgage 5%

taxes are 1700-1800 annually

The home already has a tenant and is renting out for 1140.00 for the next year.

What do you think ?

Thanks Michell

Hello All, So I have my down payment ready for a purchase of a SFH to rent out. I want to go the conventional route 30yr loan. Should I try to finance with just one lender or can I try two lenders at same time and see who gives me the best numbers....? Will it hurt my credit score if I attempt with 2 lenders? Should I just stick with one lender?

Thanks @Jscott

I knew some of the answers, but after doing some analysis on properties my number were wrong compared to others so I  kept on questioning my numbers. I finally found the error. Thanks for the link. It helps very much !

Hello, I am very new to this as I am here trying to evaluate properties. Can you please explain in detail what these mean ?

I see CF & ROI (Outsourced PM) and CF & ROI (Doing my own) What does these tell me ?

-Variable Cost PM

-Fixed Cost Pm

-What number do I input in these boxes ?

For Vacancy I am putting 8%

-For instance I see  Insurance  Annual ...on the RED do I put how much it will cost yearly for home insurance of property?

What are some Fixed numbers that I can leave on this spreadsheet that can provide me with somewhat accurate data ?  I want to be able to see the total cash flow that each property I input in spreadsheet.

Scroll back a page or two and you will find it Luis....

Thanks a lot  @Jscott !

Thanks for the spreadsheet it is awesome !

Quick question though... What percentage do you put on vacancy? How do you find that out?