All Forum Posts by: Ryan VandeVelde

Morgan Carmichael Hi Morgan, I'm also looking to contact an investor friendly realtor in Lawrence. I am interested in investing in multifamily properties in which I plan on occupying one of the units. This would be my first investment in a multifamily property and I wouldn't be looking at anything over 4 units. As I have searched on my own for the past couple of months the main problem that I have run into is that most of the properties in Lawrence are 100% occupied with no room for me to live in one of the units. I am looking for some assistance in finding a property in Lawrence that fits my criteria. Criteria Cash-on-Cash Return: 10% or above Location: High visibility locations on well-trafficked streets; close to highways, major employers or big box stores. Property Type: Class B or Class C - seeking properties with the opportunity to improve operations, occupancy and rents, net operating income, and cosmetic appeal. Purchase Price Range: $100,000 - $250,000 Is there any chance that you would be able to refer me to a real estate agent or broker in Lawrence that focuses on the size of properties I'm targeting? Thank you in advance, Ryan

@John Gonzalez 

Appreciate the information...I'm going to have to sharpen my ax on the tax subject before I can attempt to have an educated conversation. 

@Jacob Sampson 

The feeling is mutual. When you are doing that rough calculation multiplying monthly rent x 60 to get max price you will pay (including any rehab costs). What does the 60 represent in that calculation or why do you use 60 to get that offer price? 

@Account Closed Great feedback and brought the tax aspect of rental properties that I cant say I know the in's and the out's of quite yet. My question now would be are there entities such as an LLC that you can report you rental income under were the tax treatment would be different versus ordinary earned "W-4" income from a job?

Hello Bigger Pockets Family, 

  This is my first post on the BP forums and I'm currently reading the "The Book on Rental Property Investing" by BP. After watching Brandon Turner's video on "Analyzing a rental property for maximum cash flow and future appreciation." I started practicing analyzing some deals in my home town. Below are some numbers I ran on a property in Topeka, KS where I live and plan to invest soon. Any feedback is certainly appreciated as I am new to real estate.

Property Details:

Single Family Home - 2bd/1bath, built in 1920, 773 sq ft.

I ran these numbers based on the full asking price of $55,000, however if I did this correctly this does not look like a wise investment and would need to come in with a lower offer. Again, any feedback is appreciated but I'm really wanting to find out if I am running these numbers correctly from a fundamental standpoint so I can build from here.

Thank you all in advance.