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Results (10,000+)
Erik R. Potential 1st Buy- Need Deal Feedback
7 January 2016 | 16 replies
Gross income = $11,466 (assuming 9% vacancy loss) annualEst initial Expenses: $15K totalProperty requires the following est 'rent ready' improvements: New carpet in 1 room, new back doorwall, main floor bathroom updates, new fixtures, paint, etc..No central AC; I calculate based on comps I could get $100/mo. more with AC.. est $3-5KAdditional initial expense risks: Water seems to be leaking through cinder block foundation in 1 spot... no idea how much this would cost to repair/mitigate.Furnace looks very old; city winterization report shows it was functional, however no clue how much life is left...Recurring expenses:Taxes/Insurance- $4,450 annual // $379/monthVariable cost PM (10%), with 9% vacancy loss-  $96/moI assume $500 annual expense/repairs plus $100/mo in reservesI assume $300 annual advertising/admin expensesTotal annual recurring expenses = $6,592NOI = $4,874In order to net $200/mo cashflow with PM (my own arbitrary target for my market) and yield >9% cash ROI, I need to purchase this property for $45K, assuming a 30yr, 20% down mortgage.This property would yield (with PM): $215/mo cashflow, 9.75% Cash ROI, 11.79% Total ROIThis property would yield (without PM): $310/mo cashflow, 14% Cash ROI, 16% Total ROIFinal rent/price ratio would be 2.3%thoughts ?
Tamika Naylor Investor from Georgia
6 November 2015 | 4 replies
I am a Retail Lease Administrator with over 10 years of lease performing lease functions for over 15,000,000 sqft of commercial retail space.I also own and manage 5 residential properties and working to obtain my Georgia Real Estate license to take my investments to the next level.
Kyle Farrah Real Estate Financing and Crowdfunding Meetup for DC Area
20 April 2016 | 3 replies
I would certainly be interested in attending the next function.
Gavin Delmas Internal Rate of Return Calculations
12 November 2015 | 2 replies
Most excel programs have this function.
Gavin Delmas Internal Rate of Return Calculations
3 November 2015 | 6 replies
Microsoft excel has a function to calculate IRR.
Devin Mann targeting shortsales? REALTOR
6 November 2015 | 3 replies
They may want out as well.Short sales don't function any differently in VT than they do anywhere else.  
Kalimah Jenkins Inspection question for experienced investors
5 November 2015 | 4 replies
Of course you won't be able to check for functionality, but the visual condition should give some clues.  
Account Closed Best option to fund a buy and hold
5 November 2015 | 0 replies
I have scoured the site and used the search function a few times but I haven't been able to find an answer that fits my specific situation.
Dan Dwyer Search Engine Registration & Company Profile Pages?
31 December 2015 | 4 replies
My goal is to be registered with every search engine of importance as well as have established company profile pages on every site that would benefit my company’s web presence, accessibility/functionality, and overall image.I was contacted by a company called Yext yesterday.
Christine Nieva Annapolis Portfolio Lenders
20 January 2016 | 2 replies
I was thinking of a 2+BR/2+BA home in Annapolis, MD that was built in 1980+, so I can actually have a functioning living home, and at the same time do repairs to increase its value, and possibly sell that house within 1 year.