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All Forum Posts by: Tyler Clark

Tyler Clark has started 2 posts and replied 4 times.

Private Lending & Conventional Mortgage Advice

Post: Portfolio Lenders in Buffalo NY

Tyler ClarkPosted
  • Buffalo, NY
  • Posts 4
  • Votes 1

Does anyone have any recommendations for lenders in Buffalo?

Thanks in advance

0 Votes
Real Estate Deal Analysis & Advice

Post: First Deal Please Advise

Tyler ClarkPosted
  • Buffalo, NY
  • Posts 4
  • Votes 1
10% cap ex in addition to 10% repairs? Also place was not rented when purchased. I put a few hundred bucks into it and did about 10 hours of work myself
0 Votes
Real Estate Deal Analysis & Advice

Post: First Deal Please Advise

Tyler ClarkPosted
  • Buffalo, NY
  • Posts 4
  • Votes 1

New to investing, just purchased my first deal and think I did ok. Want some advice/feedback here. I am thinking about pulling out my equity, there is a CU around here that will do 100% LTV.

Purchase 60k

Rent: 600 + 645 = 1,245

Put 15% down

P&I = 270

Taxes = 400

Water (Tenants pay everything else) = 30

Repairs (Est) = 124.50 (10%)

Management (I manage for now though) = 124.50 (10%)

Vacancy = 62.25 (5%)

Cash flow = 233.75

Thoughts?

1 Vote