Hi All,I'm Looking for a good homeowners insurance company/agent in Concord/Charlotte NC.

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

How much are taxes and insurance a month?

(This includes mortgage payments, taxes, insurance, utilities, HOA fees, etc. that occur during the Rehab Phase and up until the property is fully rented)= $310,000 (not including Closing and Holding Costs) Maximum Allowable OfferYour Purchase price of $250,000 is below this amount. 

Don't forget insurance, title and hazard.   

We look to see what others are offering in terms of amenities and upgrades and what they are getting in return for their efforts in rent revenue. put yourself in the mind of your potential customers. 

It seems like these posts always lack in details so I will try to give the most information possible:Sale Price: $575k  Current rent: $6825 (this is topped out, no room to increase)Loan terms: 20% down, 20 year 5 year balloon  5.75% interestsManagement: 7%Insurance: $3200Maintenance/capex: $5000Taxes: $8900Vacancy: Using 5%Property is C class and in good condition (new furnances, roof, etc) No common areas.

FHA has higher fees, an upfront Mortgage Insurance Premium of 1.75% of the balance (rolled into the loan) and .85% MI.  

@Mike Easton the key is the mindset during conversation typical realtor conversation -- market price blah blah ... i can list wholeselling conversation -- i saw your house and can pay you $XXK with $XK earnest moneyGiven you are a realtor , you really need to polarize (two extreme) your customers to see if they are retail seller (have time and not in need of capital immediately) vs someone really needs to get out with cash on hand yesterday.