DetailsPurchase price: 1.1MReturn (IRR):11.86% per yearCapitalization Rate:5.45%Total Profit when Sold: $1.16MHolding period: 20 years5% down (so that I can take maximum leverage)mortgage rate: 6.7% 30-year fixedVacancy: 5%Management Fee: 8% --> I used this only for calculation but as I will be staying there, I plan to self-manage it.Cash flow: negative $1500 --> My primary job pays decently and I can manage this and have 12 months of reserves.

I am new to the system and would like to connect with someone that has successfully used the "Affordable" module to manage tenant move-ins and move-outs, annual recertifications, and monthly housing assistance payment requests.Thank you,Moises

@Anthony Jacques You can get two loans at the same time however they will probably be spread out by 6 months.

Being this is almost August 2024, you got 4 months to do make $200K.

We actually just sold two properties up in Ashland City in the last month, so it is growing for sure.

At this point, monthly interest payments had also ceased while it had been reported to us that construction had been completed.Risk MitigationOur Asset Management Team began to analyze and put into motion a risk mitigation strategy that sought to maximize the preservation of principal.

@Ko KashiwagiHi Ko,I hope to answer the question you are asking.I did qualify for the Triplex solely based on my W-2 which has since gone up a bit.Because I live in it, but the other 2 units are tented, I was able to depreciate 2/3 of all CapEx and OpEx (units are equal in size).The rental income covers about 81% of my monthly mortgage payment.One lender has told me, they need a 2-year rental income history on my taxes.

For turnkeys, most providers use 7% of the monthly rent for vacancies (but double-check that with the area the property is in) and 5% for repairs.

With high HOA fees ($2k month) I am still cashflowing nicely.

Also, some concern on the $5.3 million in transaction cost to acquire the property approximately 9% of the deal, obviously there won't be any money set aside for renovations given that the property is only a few months old, so this is all frictional cost to the investor.