Will Byrne
Question about possible first deal on duplex
24 June 2016 | 4 replies
The numbers below would be if I got it at $175k.Income:Total rent = $1,700/moFirst story 2 bed/1 bath = $650/moSecond story 2 bed/1 bath = $650/moGarage apartment = $400/moExpenses with 4.375% mortgage:25% down payment = $43,750Principal & interest = $655/moProperty taxes = $175/moHome insurance = $82Here's a screenshot from some basic calculations.I know that's a lot of cash to put down but I'm a conservative person and I'd like to avoid little or no down payment situations.
Danielle Abergel
new member from california (Los-Angeles)
27 June 2016 | 6 replies
Investors are conservative with their money, and will have a higher repair estimate than you, unless you are ready.
Jordan Schoonover
I'm Back!
26 June 2016 | 11 replies
My wife is very conservative and I have started to get that computer programmer interested in real estate.
Albert D.
First Multi-family Deal Under Contract (8-Unit)
27 June 2016 | 16 replies
I think the over conservative 9% gives me a comfort level to move forward.
Steven Archer
Pulling out/setting aside $50K home equity on primary residence
26 June 2016 | 1 reply
While I am not risk-averse, I tend to be conservative in my approach to investment.
Justin Young
Use TSP for first home, any penalty to rent after one year?
27 June 2016 | 14 replies
This, for planning purposes, allows you to be extremely conservative when evaluating an investment property.
Shan K.
Flip at prime a location in SoCal
28 June 2016 | 9 replies
First column is conservative, second column is the best case scenario.
John T kemper
buy and hold question... keep or sell
28 June 2016 | 2 replies
though we prefer a conservative approach which this is leaning more towards risky...
Denise Mayen
Newbie Eager to Flip & Wholesale in San Antonio, Texas
30 June 2016 | 10 replies
You can budget around 4% of the sale price to cover these.This is a conservative formula.
Sam LLoyd
Need advice
10 July 2016 | 4 replies
LTV on all mortgages will be around 75%... interest rate will be 5, 5, and 0.Using (what I think is) conservative numbers, the property will cash-flow $800/month.... round down to $100/door, but these numbers are conservative, so there shouldn't be any big surprises.Would other people out there on BP go for an almost nothing down deal for $100/door in a C+ neighborhood with no way to force appreciation?