All Forum Posts by: Sam Shah

Hello:

I am new to this website and also to real estate investing.

Are you aware of any software or tools that can scan/identify properties selling at a discount to the market value or that has the potential to generate positive cash flow in the long term?

What research I need to do to find the value deals?

Ryan-Thank you once again. I appreciate your help. 

It's really difficult to find positive cash flow generating properties in Philadelphia market with a price under $200,000. Please let me know if there is a way to research/find properties that will generate positive (even if it's small) cash flow in the long run. I am new to the real estate inventing and I have already started loving this site and forums. Thanks a lot.

Ryan- Thanks for your feedback. I am accounting from total of $50,000 for repairs (Roof, HVAC, etc) over the life of 30 years. I am going to fund the repairs through my savings. Instead of making the down payment of 20% (i.e 40,000), I am only going to pay 3% down. 

I am thinking of buying a property for $210,000 with 3% down. My goal is to own the property by letting some else pay for my equity. My rental income will be around $1,700 and total expenses will be $1,800, making net cash flow of $200/month (Total of $36,000 over the period of 30 yrs). Lets say if I account for $50,000 for total expenses for 30 years, plus 36,000 of negative cash flow - Total of 86,000. Assume there is no appreciation on property after 30 years. I will be able to own the property worth $210,000 by paying $86,000 + 3 % down pay. What's wrong with this analysis?