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All Forum Posts by: Sara Taslitt

Sara Taslitt has started 20 posts and replied 38 times.

Post: Setting Criteria for Rental Property

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Thanks for your input, I have seen that about 10% (estimate) of the multis on the market are built in the 80s, so that makes me think that I need to not be open to older properties. 

Any tips on evaluating an older property for repairs etc.? 

Post: Setting Criteria for Rental Property

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Hello- I am new to real estate investing. I am hoping to purchase my first multi-family property by the close of 2018. One thing that seems to be uniform through out all my readings and studying is how important it is to set your criteria for what you want in a property and stick to it.

I have tentatively set my criteria, but I struggle with knowing if I have done a good job in doing this. I ideally would like a property built with in the last 30 years but then this limits my search. What do other investors think? I am looking in Massachusetts so we have a lot of older properties, some of which are redone and look very nice and rentable but I worry about dealing with maintenance issues that come with older properties.

Any ideas are welcome!

Hi!

Where is your single family located? Do you plan to rent it out? Does it need any renovations?

Good luck to you!

Does having more units in a rental property effect how much you would want in your cash flow?

@soh Tanaka...thanks!!

@Caleb Heimsoth

Thanks!

I have been playing around with the rental property calculator. I have analyzed a few duplexes. What amount of cash flow is ideal in a duplex situation? 

Hello! I am new to bigger pockets and real estate investing in general. I have read a handfull of books over the last few months, but now feel it is time to start networking and analyzing properties. I just started using the buy and hold calculator to analyze properties but don't feel comfortable with all my estimates yet. I am hoping to purchase a duplex by the end of 2018. My husband and I plan to live in one unit and rent out the other.

I am hoping to get to know other investors in and outside of the Western Massachusetts area. Right now I feel that I need help with analyzing properties and also setting and feeling confident in the criteria I set. I look forward to networking with people in the Springfield, MA area to better understand our market.