All Forum Posts by: Sam B.

Bump.

I'm requesting feedback on my numbers, please:

Duplex @ 100k, Financing with Investor Mortgage w/25% down, Balance @ 5% on 30yr. No rehab required, currently rented, gross both sides @ 1300/mo.

Cash Invested (Down Payment) 25k
Mortgage 75k @ 5% on 30 Yr = 405/mo
Net Rent (50% Rule) = 650/mo
Net Cash Flow = 245/mo
Cash on Cash ROI = ~11.76% Annually (245*12/25000)

Any comments on how my numbers are being processed?

Thanks all.

It's an inverse pump & dump...fear news, price drop, HF acquire more at a better entry price.

I can't speak for appreciation seekers but as Tevis Verrett mentioned, income producing property is a solid hedge.

Meanwhile, we'll ride the wave. HF, talking heads, fear mongers drive prices down, we accumulate with them at a better price.

For incoming producing property; values go up, good for us, nice bonus. Values drop, people lose homes, the market flees to rentals, good for us. Respect your leverage and pick good entry prices.

My .02

Thanks all.

Welcome Kevin, you and I are on the same company although I don't remember you from my Richland days. I'll connect with you on lync next week, best of luck.

David Fritch Sounds good Dave, thank you. Duplex or triplex is ideal but there seems to be very little wiggle room in the TC RE market right now. Time is something I have plenty of though.

I'll be flying back through in August, I'll be in touch.

Michele Fischer Thanks for the welcome, glad to hear another WA resident on the route of multi-fam units. I'm sure I'll be picking your brain at some point :)

Matt Andersen Thanks Matt, stay in touch.

Thanks Brandon, I appreciate the link & info. I'll be in touch.

Thanks Zach for the info. 16 units is a big bite for my first jump into this business but I appreciate the outlook and we'll be in touch.

I'm in Seattle often (girlfriend on Capital Hill), I'll connect the next time I'm in the area.

Cheers, thanks.

Taking a hard look at TC & Spokane right now.

Also researching Nationwide as CAP % is obviously much higher in certain areas of the country.

My only tie-down to WA State being that I know the neighborhoods, have persons who can view the properties on my behalf & a reliable contractor in place for rehab.

That being said, I'm in about 4-5 US cities every few weeks and am not opposed to researching out of State properties. Obviously, due diligence is required on my part to get up to speed re: market conditions, neighborhoods, everything.

**Looking to connect with wholesalers in WA State, if anyone has recommendations**

Thanks for the welcome.