Take advantage of what Bigger Pockets has to offer such as: word alerts feature, free ebooks, forums, blogs, webinars, podcasts, informative people in many fields of real estate, contacts, and more.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, forums, ebooks, blogs, webinars, podcasts, awards, informative people in many fields of real estate, contacts, and more.

A selling price of 390 K seems to be very high unless this home has features very different from the rest.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, awards, ebooks, forums, blogs, podcasts, webinars, informative people in many fields of real estate, contacts, and more.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, forums, ebooks, blogs, podcasts, webinars, awards, informative people in many fields of real estate, contacts, and more.

I tried doing the same type of analysis for multiple properties and keep getting negative cashflows.Address: 11903 Fork Creek Dr, Houston TX 77065Purchase price: $110,000 (asking $128,000)Loan type: 30yr @ 4% fixedCash needed = $22,000 (20% downpayment) + $5000 closing = $27,000Monthly rent = $1,350Property taxes: $209/monthInsurance: $396/monthOther expenses (water, sewage, etc): $100Vacancy/repairs/cap expenditures/prop mgmt: 5/5/5/10Result = $1,350 (rent) - $1,425 (total expenses) = -$75.02 cashflow (??)

Heres a quick rundown of the property detailsAsking Price:$189000I offered $192000 because it already had an offer.Based on Cap Rate for my area of 8% it should be worth around $260000I asked for them to do some big and some little fixes such as replacing the furnace and creating postive drainage on the foundation to name the big ones and agreed on a price increase to $194000.It appraised for $209000!!

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, forums, ebooks, blogs, awards, webinars, podcasts, the learn tab, informative people in many fields of real estate, colleagues, and more.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, ebooks, forums, awards, webinars, podcasts, the learn tab, informative people in many fields of real estate, colleagues, and more.