Updated over 7 years ago on . Most recent reply
New to Real Estate: Help with math
Hey Guys,
I'm new to real estate I've hit the ground running. I found bigger pockets about a month ago. I Have listened to about 45 podcasts since and am currently finishing both "Rich Dad, Poor Dad" and "The Book on Rental Property Investing" by Brandon Turner. I have many more books lined up and plan to be ready to purchase a property in the next 4 weeks. Below I have attached a screen shot of a spread sheet of actual properties. I want to make sure my math and variables are correct. I haven't included a mortgage because I think I will be buying in cash. I haven't included what the ROI will look like if I sell in the future because I'm still waiting on information from the realtor. I also have two additional questions. One, how should I calculate vacancy percentage if I'm buying a place with tenants that have a year lease? What if they have a two year lease? The second question is how much should I be spending on things like Inspections, checking the roof, A.C., and Sewer System? Is this a percentage based on the property? Any help will be appreciated.