All Forum Posts by: Watson Josue

Welcome Tyrone at BP! There is a BP meeting that takes place every last Tuesday of the month, may be you should check it out. 

Hi Mitch,

As the first timer, I think I was miscalculate this deal. Somebody has countered my offer on that deal, well not too bad then. Will it be possible to connect?

Thank you for the explanation.  

Welcome to BP Gaby!

That says it all. l just estimated the amount of work it take based on touring the property. 

Thanks. 

Hi Team,

Can someone help me determine if this deal is a good deal or not? It's a duplex in the Atlanta, GA area.

The asking price is: $118K

The house will need some improvement to raise the value. Estimate work: $25k

The ARV: $125K

NOI: $9,700

C0C ROI: 10.71%

Currently rent at $600 which could bump up to $700 per unit after repair.

I wanted some room on the investment so the house does not go over market value after repair. I put an offer for $100K but the seller counter my offer with $118K. Please help me calculate this deal.

Thank you team.

Welcome to BP Jonatha!

Thank you Harrison. Would $230 cash flow with a CoC of 9.36% on a duplex is good? I know after improving the property I will be able to raise cap rate.

Thank you for your reply.

Thank you Mark. That makes sense.

Hi My BP family,

I'm on a 90 days challenge to buy an investment rental property. I am currently in the process of buying a duplex that should be closed by end of November. Since this is my first time, help me with this question: 

The purchase price is $100k with a 25% down. I only have the down payment available. I don't have any available cash for renovation. I want to do some works on the property in other to raise cap rate. How can I go about finding the money to renovation if I don't have any more cash?

Thank you.

Welcome to BP!