All Forum Posts by: Tyler Kaye

Welcome BP.  Share your goals and what you plan to do in regards to real estate investing.  Updating your profile and adding a picture is a great start to making connections with people!

To me that seems to be priced really high for the rents you would be getting.  I don't know that market but where I am at, I don't think anyone would chase that deal.

I haven't used "icalculator", but I like to use Excel.  I like it because it is easy to set it up the way I like to see the "numbers" and how it reports the property value to me.  Also, I like that I can keep it as a book and print only what is necessary in the format that I like to have everything printed together.

Congrats!  I got relocated for work as well in 2008.  Navy said I had to move to the Pacific NW.  I love it up there.

Nice. I hope it turns out. What ARV are you shooting for/rental rate?

I ran into that problem as well.  I resorted to private funding, but eventually had the cash on my own to make it happen.  Good luck though.  I know it can be hard to find financing for property like that.

Doesn't that depend on the state?  Either of those should be sufficient though.  I am not a lawyer but they both seem to get the point across clearly.

@Nicholas Tanner I don't think that there is any sure fire way. The property has to meet your requirements per your investment goals and strategy. I use excel to calculate costs and have it tailored to my investment strategy. I plug in the number and my determining factors is a combination between cash flow, ROI, and cash on cash return. The property may need a lot of cash to get it where it needs to be to produce income and that may not be part of your strategy. I would use a combination and your experience over time is going to make the biggest difference on what becomes your deciding factors. For me, I always try to remain objective and make sure that deals fit my investment criteria.

My brother did this.  He lived in SoCal and was attempting to make investing work for him and he wanted a faster track to cash for investing without having to borrow as much.  He moved to Wisconsin for a little while to do this.  He was living in Lemon Grove, CA when he decided to move.

Probably depends on your strategy and how well any of those scenarios fit into it.  With that much equity, it doesn't seem like you can go wrong either way.  I like to compare the cashflow I would get from holding the property for a period of time vs what I would get by selling the property.  I had a 30-year mortgage on a live in flip my wife and I were working on.  We planned to start renting the property at day 366 of ownership.  However, the market had changed enough in the area that we were able to sell and make more than what we would have cash flowed over the remianing 29 years of ownership.  Of course not everyone plans to fulfill every year of their mortgage but that is how I have decided before.