Updated almost 10 years ago on . Most recent reply
Newbie real estate investor from Meridian, Idaho
My name is Ben Kerfoot and I am an accountant/bookkeeper starting to get into real estate investing. So far I have teamed up with my parents who currently own a rental free and clear. I plan to use the rental for a line of credit to help purchase the first potential property (buy and hold /brrr). My rental analysis spreadsheet is from propertyrei.com. If anyone knows of a rental analysis spreadsheet that more accurately calculates CCR that would be awesome. My current formula won't allow for 0% closing within the property acquisition costs to more accurately account for zero out of pocket down. Also, if anyone has any advice or knows how to more accurately account for the assumed two different interest rates (1. line of credit for investing capital and 2. conventional mortgage on newly acquired property) within the analysis formula please let me know. Thx! Looking forward to hearing some insight. Love BP already!