All Forum Posts by: Ryan Pang

I wouldn't buy it site unseen. Rent seems to be going higher around the area.

I don't think mobile app users can see the numbers so I'll just break it down here,

ARV - $125,000
Current Monthly Gross (without storage) $1700 - 680 (40% - vacancy, capex, repairs, property manager) - 785(PITI) = $235 + $160 (2/3 storage units being rented) = $395 monthly cashflow

If we were to rehab it up, 

ARV - $150,000
Potential Monthly Gross (without storage) $2,200 - 880 (40% - vacancy, capex, repairs, property manager) - 983(PITI) = $337 + $160 (2/3 storage units being rented) = $497 monthly cashflow

I'll have to check with local, but because of my area, i get a feelings our estimates typically come up higher.

Thanks guys.  Got quoted from PowerHRG for $30k just for the siding, then there's addons which totaled about $50k with 8 new windows.  

Hi All,

I'm an accidental investor, turning my primary to a rental. After 4 years, I'm able to extract some equity out of it (my downpayment), and looking to invest in a LOWLOW income area.

Found a duplex, sight unseen, but the numbers look good (so far). Duplex is listed for $125ish, current tenants is paying $850 and $900, not section 8, with additional storage rent (2/3 rented out at $80/each).

Q1-I feel like my math is missing something. Here are my numbers,

Q2- If I'm able to pay for it in cash, can I finance out it to extract equity in such neighborhoods?

Hey All, my first post here!

Just wondering what’s the cheapest way to do new siding? The actual siding is fine, but underneath the wood is rotting due to age