All Forum Posts by: Tony Karns

Home Owner insurance , I am still working on.  Because it's a duplex , I not sure how much more coverage I will need per month. Does anyone have an idea.

Oh ok, Well the reason is simple. There is none of those in the current DFW market where I am looking at. If you know of any that are 3/2 or 4/2's please let me know. The VA will fund up to a 4-plex.

 Both are Identical. I will calculate those number like that.

 Don't understand your question?

Troy Luster, yes I have used the deal Analyzer tool, but ran out of my free trials. I put the numbers in some of the rental spreadsheets and the my cash flow appears to be about 450. Just not sure if there is something that I am forgetting.

Fred, Sorry, I should not have said NE, this place is between DFW. Some places in around there are renting for $1.10 -1.2 /per sqft or more. Are your thoughts still the same .

Cesar Castro. I plan to live in one of them and upgrade and lease out the other. No HOA's .

guys, my biggest concern in that I am missing something? I have tried to make sure that i run all my expense a bit high and am still conservative on the numbers

asking $360000. Most rentals with very basic amenities are going for $1 /per sqft. The updated ones $1.10 - $1.26. I plan to negotiate the price down a bit , but I don't feel like I understand the current spreadsheets that I have at my disposal.

I am looking to buy a duplex in NE TX area in the next few months, due to work relocation. I would like to live almost rent free. I have done some of the preliminaries on this property, but it appears to me that I would still be in the red . I am not sure what I am doing wrong and would like to get some advice and also have a second set of eyes on the numbers. I am also using a VA Home Loan. Is there stuff that I am missing?

Deal Analysis

Duplex 4bed/2ba

Sqft 1792 each side

Current rent $1,142.00

Market Rent 1700-1900

Projected Collected Rent (both sides) $3,400.00 -3900

The Mortgage $1,613.00

Mortgage insurance (PMI or MIP) n/a

Property Taxes $371.42

Property Hazard Insurance n/a

Initial Investment $0.00 $ 50,000.00

General Maintenance Upkeep ?

Landscaping $30.00

Water 100

Repairs $170.00 or 5%

New Appliances n/a

Capital Expenditures $340.00 or 10%

City Taxes n/a

Property Management $170.00 or 5%

Vacancy Rate $272.00 or 8%

Total Expenditures $2,936.42

Difference $463.58

I am looking at doing a duplex house hack in TX. I am having some trouble with understanding how I go about calculating CoC return or my cap rate as I will be living in one with the hope that the other side can allow me to live mortgage free or very close to that. I am using rental spreadsheets from the BP files section, but if anyone has one they used for a house hack, that would be great. Looking for any help and advice.

I am looking at doing a duplex house hack in TX. I am having some trouble with understanding how I go about calculating CoC return or my cap rate as I will be living in one with the hope that the other side can allow me to live mortgage free or very close to that. I am using rental spreadsheets from the BP files section, but if anyone has one they used for a house hack, that would be great. Looking for any help and advice.

Has anyone used Equity Pro? How good are their numbers?