The home was built in 1987 2500 sq ft and is currently a 4 bed 2.5 bath with a bonus room.

Pretty cool you turned a deal from that.Technically committed a federal crime (or I guess 250 federal crimes) but pretty sure you won't get the death penalty for it

Seriously I wouldn't even get out of bed and most likely lose sleep when the new month approaches hoping that rents come in timely.

Scared to death of bad tenant scenarios and black holes of capital expenses.

What that doesnt get you is a 3 bed two bath 2 car garage house in a B area.Yes, there is money to be made at all levels from A to D- properties.

hey guys and gals,I have a question regarding a wholesaling situation I may partake in.I found a family that was looking for a property in a specific area with a specific number of beds and baths (we'll call them the buyers).

This one is a SFH, 1909 sq ft, 4 beds, 3 baths.

I just finished rehabbing a 3 bed home in Las Vegas and place rental listings on CL and gosection8.

Hi everybody,I am looking at 4 homes (all 2 bed/1 bath) on the same lot being sold together (with owner financing) in Connecticut.Please take a look my expenses below and let me know if there is anything missing, because right now it is only a break-even (or just barely ahead deal) but the units are in a great location.

It looks good to me, but nothing gets by the Deal Analysis Forum.Here are the details:Asking Price: $230,000 (I ran my numbers on $220,000)Units: (4) 2 bed / 1 bath, rent for $700 eachBuilt 1966Tenants pay utilitiesIncome: $700 x 4 = $2800 / month or $33,600 / year Expenses (per month): Insurance: $66Taxes: $346Vacancy: $280 (10%) Management: $280 (10%) Misc repairs/Long term capital expenses: $428^ I just took 50% gross rents and subtracted all other expensesNOI: $1400/month = $16,800/yearFinancing:$220,000, 20% down = $44,000Loan of $176,000 at 5% interest = $944 monthly payment Cash flow of $1400 – 944 = $456 or $114 / doorOR (if I Owner Occupy)FHA 3.5% down = $11,000Loan of $209,000 at 3.5% = $1,012 monthly payment NOI of $700 (since I will be occupying one unit) means cash flow of -$459 (assumed $147 of PMI added)This property is in an ideal location - great neighborhood, proximity to schools, park, and community rec center.