All Forum Posts by: Jinglei Shen

I am looking to purchase this investment duplex property which was built prior to 1940. All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price. The insurance quote is $1476/year, deductible $2500, 300k liability. The agent said this is likely a market standard. Anyone who had a agent referral that deals with this type of old property can get me a better quote.   

I was told by an agent Knoxville new build don't sell to investor because of limited inventory.  only small builder or home are not selling fast enough would consider sell to investor.

Anyone in Knoxville could verify this or comment or connect me with builder. 

I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 

here is one deal I am analyzing

Duplex generates $1590 income /month together,

purchase price $123,000

rate 7.5%, downpayment 25%

5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,

COC is 8.73%

monthly net cash $277

this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?

Hello BP community,

I am a novice investor, looking for long term rental investment opportunity, prefer single family or multi family.  I am currently living in NJ, my budget can not afford anything in the area, so looking out of states  Michigan, Florida. Other states is also welcome 

My experience I househacked a 1b1b a few years ago and successfully turned that into a rental property, now I am househacking 2b2b.    Looking to connect with real estate agents who are willing to work with investor just starting out.

Budget 200K - 300K, 

Mid to Long term rental