Use 10% ($250) for now.Using 10% for CapEx is fine for initial Pro forma analysis.  

If you're looking for SFR/MFR opportunities I would say you're going to just about break even here if you run an honest pro-forma. 

I have a pro forma spreadsheet i use to analyze deals and show to my partners, etc... but i was wondering if anyone on BP had a full investor package template that they typically use (and could share) to present to investment partners (either on syndication deals or on more vanilla deals).  

I would also try to get into or form a mastermind group for support and ideas. 

My IRR target depends on a lot of factors and how risky the deal is -e.g. how comfortable I am with the pro-forma numbers, whether I am ahead or behind other lenders, the partner I am working with, etc - but anything that is not at least in the low-mid teens ( with my own estimates) makes me think hard.

Overtime it will become much eaiser to walk away form a failed deal, just move onto the next one!  

Should we form a Series LLC and if so should it be in the state of Indiana or should it be here in TX?

Before you pay above the appraised value for a property I'd make darn sure you're rock solid (read: conservative) on your pro-forma projections.

Taxable Value 75,830Purchase 50,867Tax 1986.70Vacancy 10%Repairs 5%Capital Expenditures 5%Property Management Fee 10 %Investment results: Purchase Price: $50,867.00 Purchase Closing Costs: $3,000.00 Estimated Repairs: $0.00 Total Project Cost: $53,867.00 After Repair Value: $70,000.00 Down Payment: $10,173.40 Loan Amount: $40,694.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $218.45 Total Cash Needed By Borrower: $13,173.00 Monthly Income: $700.00 Monthly Expenses: $643.95 Monthly Cashflow: $56.05 Pro Forma Cap Rate: 4.71% NOI: $3,294.00 Total Cash Needed: $13,173.00 Cash on Cash ROI: 5.11% Purchase Cap Rate: 6.48% Really, I know it’s not a great deal, but it’s a property that I can buy into for cheap.

Hi All, Does anybody have any referrals or might be a layer in the Long Beach, California or north OC costal communities that can help me form a joint venture partnership (we're buying a duplex)?