16 April 2019 | 11 replies
Account Closed - I feel that you need to do a lot of homework: books, podcasts, mentor, meet-ups, something.
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9 May 2019 | 29 replies
If your math and your due-diligence look good, the next logical thing to do is take a step forward
16 April 2019 | 4 replies
Unfortunately I didn't do my homework and I sunk more money in the house than I can get back out of it if I sell.
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15 April 2019 | 6 replies
I have some homework to do.
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15 April 2019 | 2 replies
The quick math tells me I can cover the mortgage even with one Tennant......
16 April 2019 | 1 reply
Property DetailsCurrent Mortgage Balance: $113kCurrent Estimated Home Value: $180kYears Bought: 2013Interest: 30-year fixed 3.99% (No PMI using special loan program for just 15% down)Analysis: Income Current Lump $50k Principal Payment Paid Off Mortgage Rental Income $ 1,500.00 $ 1,500.00 $ 1,500.00 Laundry Income $ - $ - $ - Storage Income $ - $ - $ - Miscellaneous Income $ - $ - $ - TOTAL Monthly Income $ 1,500.00 $ 1,500.00 $ 1,500.00 Expenses Water/Sewer $ - $ - $ - Garbage $ - $ - $ - Electric $ - $ - $ - Gas $ - $ - $ - HOA $ 240.00 $ 240.00 $ 240.00 Lawn/Snow $ - $ - $ - Vacancy $ 150.00 $ 150.00 $ 150.00 Repairs $ 15.00 $ 15.00 $ 15.00 CapEx (Replacing Things) $ 125.00 $ 125.00 $ 125.00 Property Management $ 150.00 $ 150.00 $ 150.00 PITI $ 778.67 $ 475.15 $ 180.00 Other Expenses $ - $ - $ - Total Monthly Expenses $ 1,458.67 $ 1,155.15 $ 860.00 Cash Flow Total Monthly Income $ 1,500.00 $ 1,500.00 $ 1,500.00 Total Monthly Expenses $ 1,458.67 $ 1,155.15 $ 860.00 Total Monthly Cash Flow $ 41.33 $ 344.85 $ 640.00 Total Annual Cash Flow $ 495.96 $ 4,138.20 $ 7,680.00 Cash on Cash Return Down Payment $ 30,000.00 $ 30,000.00 $ 30,000.00 Closing Costs $ 2,000.00 $ 2,000.00 $ 2,000.00 Addition Lump Principal Payment $ - $ 50,000.00 $ 115,000.00 Miscellaneous Initial Costs $ 3,000.00 $ 3,000.00 $ 3,000.00 Total Investment $ 35,000.00 $ 85,000.00 $ 150,000.00 Cash on Cash Return 1% 5% 5%Any helpful insight and/or constructive criticism on the math and assumptions on this analysis would be greatly appreciated.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/452421/small_1621477287-avatar-braddwin.jpg?twic=v1/output=image&v=2)
16 April 2019 | 1 reply
They do their homework and they will pass on deals that aren’t assessed correctly.
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29 April 2019 | 16 replies
Running some quick math, it looks like each unit is renting at $823ish.
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25 April 2019 | 43 replies
@Zachary BellinghausenI would do the math and see what is in you best interest.I don't want to say your property is over priced.
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25 April 2019 | 6 replies
As I'm just getting on board here, so I've got tons of homework to do.