$45,000 PURCHASE PRICEPurchase Closing Costs$2,300.00Estimated Repairs$55,000.00Total Project Cost$102,300.00After Repair Value$130,000.00AcquisitionDown Payment$0 ($37300 surplus)Loan Amount$82,300.00Loan Points/Fees$0.00Loan Interest Rate9.000%Monthly Interest$617.25Total Cash Needed At Purchase$20,000.00Thanks,George

For a BRRR you will need to have more cash because you cant mortgage repair expenses.

Since the property is very new, there are probably very few repairs or capital expenditures.

@Bradley Reecer I would first start by asking the HOA or management company if there are any pending assessments coming soon, What are the rental restrictions if any, what are the repair restrictions within the building or community?

Hi,Does anybody know a local appliance repair guy?

Repairs are an operating expense and can encompass around 10-15% of income, depending on age and condition of property.Gino

It can pay its own bills, even a management company, pay for its repairs, it’s mortgage, and still have money left over.

You pay the taxes, utilities, responsible fro repairs.

Additionally, you must be sure to keep enough cash in the account to pay for all expenses associated with that investment (taxes, insurance, utilities, repairs, capital expenses, etc) as you may not combine your cash outside of your IRA to pay these items.

I don't see any:lawn care or snow removal (which may mean snow removal from the roof as well), Trash Pickup90% of the duplex type properties in Maine would have 1 heating system meaning landlord pays (can be substantial depending on the property), electric could be per occupant but checkI assume you would also pay water sewer --  maybe $60 per monthA building like this is Waterville is probably a old converted single family even if it is all redone I would reconsider your repair and capex estimates I don't know local Waterville but double check the property taxes