All Forum Posts by: Vernell D Watson

Awesome, thanks :-)

@Costin I. Thanks Costin, do you have a spread sheet that you use for these calculations or do you use the BiggerPocket tools that are available? Based on all these calculations what cutoffs are you comfortable with?

Thanks everyone for the feedback....

@John Cumpton I'm retiring in 4 years. This property would be used to offset my retirement. Normally I would sell it in 5 to 7 years due to depreciation but I would probably hold onto this one for residual income.

@Eric Oszczypala I've heard horror stories when it comes to renting to students. Both units are rented. 1275 per unit.

@Karen O. Wow Karen, that was very savvy. I must be getting the hang of this Real Estate thing because I understood everything you said :-) The property is located in Albany, NY where the taxes aren't as high as Cherry Hill but thanks...

@Mary M. Thanks Mary, I didn't say my (adjusted) cap rate was 17% that was just my cap rate but what's your opinion on a 7% adjusted cap rate?

@Mary M. Tenants pay for their own utilities, I included taxes and fees along with insurance. These were just rough numbers. I will find out vacancy rate and repairs shortly. I just wanted to know if initially this sounds like a good investment for long term cash flow.

@Quint Osborn Yes, I will be retiring soon so I plan on holding onto this property for a long time. Thank you Quint.

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