Updated almost 10 years ago on . Most recent reply
First Practice Duplex Analysis
Hi everyone. I am continuing on my journey to learn as much as possible while maintaining my schedule to purchase my first property before the middle of this year. With that being said, I have increased my search efforts through Realtor.com and the like. Today I found a property in Allentown, PA and had some extra time so I decided to make my first attempt at analyzing this potential deal.
Last night I watched Brandon's video tutorial and downloaded an Excel file here on BP to assist. I would like to ask the BP community to review and provide any feedback you may have, no matter how generic you think it may be. This is going to be a learning experience for me and I look forward to hearing your insights.
Thank you in advance.
Most Popular Reply
Just wanted to change your calculation:
The business privilege tax in your calculation is not 3.5%, it's 0.35%. Your translation of what @Dave Lin posted wasn't correct. The BPT (Business privilege tax) is .0035 x gross revenue. This translates to 0.35%. If it was 3.5% (0.035) there would be a lot of angry landlords that already disagree with that tax...