All Forum Posts by: Tyler Phalen

I'm pretty new to investing and still not very confident in my analysis skills. How does this deal look to you? I would be using a VA loan with 0 down and the seller is contributing to closing costs any other costs I would roll into the loan. The house is newly remodeled and assuming it wouldn't need any work at all, there shouldn't be any rehab costs. The list price is 229,000, so it could possibly be lowered in negotiation. I think I could get 1500 a month in rent for it, it's a 4 bed 2 bath SFH. Take a look at this analysis report: https://www.dropbox.com/s/izvfrue8q9f3jvl/308-34th-St-Property-Report-a5TYL.pdf?dl=0

@Amy W. I would definitely increase late fees! Not sure what your local laws are concerning late fees and grace periods, but I charge a 5% late fee on the second, no grace period. And I have a $20 daily late fee for everyday after the second that rent goes unpaid until it caps at $100. Laws here in Utah allow a pay or quit notice to be sent the day after rent is unpaid.

My first and only house so far was a duplex that I bought to live in one unit and rent out the other.