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All Forum Posts by: Steve Smith

Steve Smith has started 4 posts and replied 384 times.

Starting Out

Post: 5 minute Look at a property question

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Brian Stark

Buy price.  $240000

20% down 30 yr amortized

5% loan interest 

Mortgage payment = $1030.70 per month 

Using the 50% rule 

NOI= 1000

Debt service = 1030.70

Cash flow= -30.70 per month

Do not use the 50% rule for anything other than a quick analysis

Always do a total analysis 

Make it Happen

Steve

0 Votes
New Member Introductions

Post: **Hello bigger pockets!** New Member From Melbourne Florida!

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Dave Antonacci

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
General Real Estate Investing

Post: Fees

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Dorian Smith

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
General Landlording & Rental Properties

Post: What do you shoot for on a per door rate of return?

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

I look for a 12% Cash on Cash ROI and a minimum of $100.00 + per door

0 Votes
New Member Introductions

Post: Multi family homes

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

a@David Cooper

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
Multi-Family and Apartment Investing

Post: First time investor

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Armand P.

I would start by joining the webinar tonight on duplexes, triplexes, and Fourplexes

Make it Happen

Steve

0 Votes
New Member Introductions

Post: New Member from Massachusetts

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Jorge Perez

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. 

Before moving to Florida I lived in Revere mass for 45 years 

Make it Happen

Steve

0 Votes
General Landlording & Rental Properties

Post: Looking at buying 1st rental property

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Jake Peterson

I would ask for the rent rolls for the last three years. With the sellers approval  And if possible talk to the tenants and confirm this information 

Make it Happen

Steve

0 Votes
New Member Introductions

Post: New to Bigger Pockets from Ames, Iowa!

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Gracen Kostelecky

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
New Member Introductions

Post: Newbie here from Nor Cal

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Armand P.

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above.

Make it Happen

Steve

0 Votes