Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Tina Johnson
  • Tulsa, OK
3
Votes |
20
Posts

Need help comparing deals

Tina Johnson
  • Tulsa, OK
Posted

I am looking to buy more properties....but I am having problems figuring out what to do.

Currently 3 deals I am looking at

1.  Asking $155,000 (hoping I could get for $125,000).   duplex plus little house - all 2 br, 1 bath.  rent 1900 per month ( all 3) 1 has a renter currently, 1 rent ready and 1 needs about $10,000 worth of work -  looks like the cash flow is around $850.  Cash on Cash return about 39%

2.  Asking $99,000 (hoping to get for $85,000).  triplex (3 br, 1 bath, the other to 2br, 1 bath) rents 1450.  Cash Flow around 700 and cash on cash 41%  

1st in class b- neighborhood and appreciation likely

2nd in class c+ neighborhood and appreciation questionable

1st would definitely have more desirable tenants (not to say 2 tenants would not be ok).

3.  $60,000, extensive rehab about $50,000 and this would be a flip for anywhere from $30,000-50,000 profit

4.  Just saw a 20 unit pop up for $290,000.   Should I wait and see whats going on with this one.

Background - been in the game less than a year.  I have 3  SF rental properties cash flowing about $250 each.

Thanks for any input you could provide.

Most Popular Reply

User Stats

151
Posts
97
Votes
Kyle Shankin
  • Rental Property Investor
  • Oakland County
97
Votes |
151
Posts
Kyle Shankin
  • Rental Property Investor
  • Oakland County
Replied

@Tina Johnson All of these look pretty good from the information that you've given. What's stopping you from going after all of them?

Loading replies...