Real Estate Broker · Chicago, IL · Member since 2016 · 56 posts · 23 votes
Hi all!
I've created an excel document that basically takes BiggerPockets four quadrant analysis and puts it in an excel spread sheet. However, I need to figure out what is wrong with it. Yes, I could use the BP calculators, but I wanted to try to create something on my own. Perhaps I have it all wrong, and thus I will see how awesome the BP calc actually is.
I live in Chicago and am trying to find properties that match the rents. 2bd, 1200-1400 avg. 3bd 1600 - 1900 avg.
It just isn't adding up. Obviously, there are a few expenses that may be taken out (let me know if those are completely wrong), but for the most part, I am just baffled by how anyone accomplishes cash positive flow with an FHA loan.
Thanks for any help you all can give!
Look forward to your obliteration of my spreadsheet
@Evan Smeenge Just keep in mind that once you have numbers that you are comfortable with, if the numbers don't seem to work then don't force it. I feel like many investors can struggle with this sometimes. We want a deal to work so we try and tinker with the numbers until we like what we see. The numbers don't lie. Good luck!