Basic REI Analysis...

[Ryan Halverson]

I am looking to purchase a quad. I have been reading a lot over the past several weeks and put together some of the basics to get an initial analysis. This is by no means comprehensive or a final analysis before I purchase.

Type: Quad (2bd/2ba - 940sq.ft/unit)
Rent: 525-600 based on Craigslist and Rentometer
Rehab: ~2.5k/door
Financing: Debating between FHA 3.5%/FHA 203k/VA loan I don't have much money down but I have a hard money investor for the down payment if needed.

Here is a picture detailing my simple analysis...if there is anything else I should look at or I am missing please let me know. My next step is to create an itemized expenses breakdown instead of the 50-55% default
http://i.imgur.com/aidAJvu.jpg

[Frank Gallinelli]

Just to be cautious, you should check to see if the terms can change if you no longer occupy.

Best of luck with your investment. I started out in an owner-occupied multi-family (several decades ago, I must admit), so I think it can be a great way to learn how to select and manage a property.