So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage...
Tell me if my calculations make sense as im thinking about buying a 50k sfh rental.
I buy house for 50k. put 10k down on it. 2.5k closing costs. 12.5 total cash investment. No immediate repairs needed.
It will ...
Been look at this paragon article . Going by history real estate values have corrected every time rents have corrected . Is this the start of the down turn ? looks similar to the downturn in 1999 .Check Q3 2016 where...
I'm looking at deals on Groundfloor just to help myself learn the numbers even better than I already do, but I've come across something I can't explain.When I compare these two deals I see that the Berwyn property has...
I have started analyzing a bunch of SFH deals with the help of the BP calculators but almost all of the ones I have done (10+) have come out producing negative monthly cashflow. I want to make sure I am using the tool...
The higher the cap rate the lower the purchase price and value! Right?
Thanks
Am I doing costs right?I'm running the numbers on some different properties and I just want to make sure I'm estimating my costs right. Does this seem accurate to you?Mortgage: For multifamily the loan will be 75% of ...
Hi Everyone!
BP Newbie here. So we just bought a 4plex in Minneapolis to househack. We’re living in 1 and renting out the other 3.
My problem is that we have only had 2 inquiries that haven’t resulted in applicatio...
Curious how other investors are planning for a possible housing/economic downturn. I'm quick to voice my opinion whenever I hear a potential investor say they're "waiting for things to cool down", because I know there...
So we are a primarily a buy and hold company and have been keeping at it and funds are getting low. So i think i found a deal which is out of are price range and wouldnt work for buy and hold anyway. So i sent a agre...