Deals arhard to come by here in our area of Texas as well, not that we’re analyzing deals everyday though either.

I have come across a property - new construction, 4 beds, 2.5 baths $285K. With 25% down, 3.5% interest rate, 30 year term - my monthly mortgage including taxes ($500) insurance ($60) and HOA ($35) is around $1,500. P...

I have come across a property - new construction, 4 beds, 2.5 baths $285K. With 25% down, 3.5% interest rate, 30 year term - my monthly mortgage including taxes ($500) insurance ($60) and HOA ($35) is around $1,500. P...

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*This link comes directly from our calculators, based on information input by the member who posted.

How's it going BP family! This is actually one of my first full length deals run through the calc., now finally coming to a close. Im open to all forms of critique.
I am newly operating as GM for my mentors Disaster ...

Partnership returns are analyzed differently and the depreciation is added back in on the income. 

What are some good ways to analyze whether my area is a good market or a bad one.

@Jaysen Medhurst, numbers will look like this:$40K HELOC (assuming the current 3.75% doesn't wildly in 15 years)5 years @ $134/mo (draw)10 years @ $405/mo (repayment)$40K Cash-out Refi (does not factor in the closing costs, currently looking at my current mortgage bank and personal credit union bank)$331/month more than my current mortgage paymentI will be walking through the properties tomorrow to get an idea of maintenance/repair costs and other details, after that I will analyze the deal closer to see what kind of income I can divert to repaying the HELOC back sooner.  

I know these expenses are analyzed into the expenses prior to making offers BUT its only on a monthly basis and just starting out saving for these operating expenses, there are NOT enough funds saved yet.

This field will need to analyze what is important and consistent in this platform.