For those that do not feel comfortable enough with excel to build out a tool on your own, I would suggest starting by taking excel courses focused on dynamic real estate modeling.

I’m potentially looking to purchase a mid-term or long-term rental property in a different state because I feel I may be able to find better deals elsewhere.

Go with what you feel comfortable with.4.

Feel free to message me!

Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

I want to diversify and I feel like the best way to accomplish that is through real estate.

I feel like I have a strong grasp of the general knowledge needed for a first property, but I’d love to hear something different.

I have a included a link to a PM locator tool ready to go with recommendations in your preferred area.

feel free to message me.

Every broker (including me) has the ability to give a 0% origination fee WITHOUT increasing the rate.