All Forum Posts by: Account Closed

I am looking at duplex that grosses $1,590 per month and the sales price is $103,200. I am looking at approximately $9,540 in annualized expenses using the 50% rule. My monthly mortgage payment would be assuming a 20 year fixed rate loan at 7% with a 20% down payment roughly $640/mo. That brings me to a net positive cash flow for the year of $1,860. Is this a good deal for my first property? If not...this would be one heck of a tax shelter. :mrgreen:

Thanks for the help.

Good post Bryan. Just learned something new.

Read the first two. I felt like I was back in college in one of my finance courses when I read "What Every Real Estate Investor Needs to Know About Cash Flow." I'll check out the other two. Thanks.

Need some suggestions on multi-family property books. Thanks.

I have also heard from people it will actually help your credit score as long as you stay within the 30-40% utilization factor.

I live in San Antonio. Great to have ya Jeff!

Welcome aboard!

Welcome to BP!

I live in SA as well. I have yet to complete my first deal but I do have some experience in real estate. As a credit analyst and banker in my former life I saw a lot of deals both residential and commercial thrown my way. Lending is only part of this game. There is so much more I have to learn just as you. So, my advice to you would be to read as much as you can on real estate. Learn this business and know it well. There are several real estate investing groups in San Antonio that you would benefit from. Good luck.

In some of the towns we go to I wish we were able to carry revolvers..