Keep someone look over my numbers

3 Replies

Just a few thoughts...

Where are you getting your rental amount? 

You don't account for any closing costs, is there a reason why?

I think your interest rate is low, but have you talked w/ a lender to see what they would give you?

I think your repair & capex numbers are low- I would plan 10% for each.

I think there's probably something going on that you and I aren't aware of, this property has been for sale since July, and had multiple price cuts w/ no sale.

Thanks for looking over my numbers. I will had $3,000 for closing costs. When determining capex and repair I was using Brandon's examples from bigger pockets. Is 10% what you use? Yeah it is odd that it has been on since July. I would look into why it has been on the market if this wasn't practice. Do you have any tips when analyzing numbers with the calculator?

I got my numbers from the mls suggested and on zillow looking for comps for that area with similar square footage. How do you estimate rents

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here