All Forum Posts by: Roy C.

@Ned Carey O the result I was getting is after 50% rule, taxes, and other expenses. (I made a spreadsheet based on some of the example spreadsheet that was on the site) The reason why I am asking is I want to see what's your def lousy deal and compare with mine, because I am still learning how to distinguish good deal from bad one. Thanks Ned!

Ned, can you elaborate your calculation for a newbie like me? 

I did my own calculation just for fun, and I was getting about $200 per month cash flow for 4 units assuming rent is $650 per unit with 30 months mortgage and 5% downpayment. Is this close to the number you were getting?

@Keith Bloemendaal Sorry about your job, but hey that opened up doors for new opportunities. Your project looks awesome! 

Congrats! 

@David Krulac Wow! thank you very much for the detailed description of your tenants, David. Now I am curious, do you have properties that have a lot of turnover? I am guessing that you researched and bought the properties targeted toward long term tenants. Would you mind sharing your method of picking your properties?

@Chris Martin Your explanation makes sense. I guess the fear of bubble burst plays some factor for these long term tenants. Thanks Chris

@Account Closed O I am not complaining about long term tenants either. I was just curious to see why people chose their long term tenant path. I think I am seeing a general pattern now. 

@Roy N. Very interesting. That might be disadvantages of having a long term tenant. I def wasn't aware of that. Thank you, Roy

@Marcia Maynard Awesome. That was actually what I was trying to get out of this thread. Trying to understand the market behind the long term tenants. This thread has been very helpful, and I got a glimpse of the type of people who prefers to be a long term tenant. Thank you very much!

@Ross Denman It's funny that you mentioned Millennial Generation. My company just had a conference meeting about the characteristic behaviors of Millennial Generation, and some of the things you pointed out came up during that meeting. I find it hilarious that (I am a part of Millennial Generation) my generation is being studied as if we are some kind of alien substance. And you raise an interesting point, which clarify the trend of renter around the country. Thank you for sharing, Ross!

@Kenneth Hynes By long term, I mean 10+ years. 2-5 years tenant, I understand, because they either have to relocate due to their job or they just simply are not ready to settle down. But this thread made me realize why some people decide to be 10+ years long term tenants, thanks to BP.