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Updated over 8 years ago on . Most recent reply

Please look at my calcs - This 4-plex might be my first property
https://www.biggerpockets.com/calculators/shared/6...
I ran this with an investor paying cash at closing and allowed $1500 in attorney fees for the paperwork (no idea if that's realistic). The property taxes and rent numbers are exact, not estimates. Does it look like it's in the ballpark as far as done correctly, numbers seem like reasonable estimates? (I will verify all of the numbers before moving forward.) It looks too good to be true which makes me think I made some mistakes.
Most Popular Reply

Hi @NA Loraine Nielsen. Welcome to BP. From my initial review of your numbers, I will have to agree with @Kristopher Hanks. Your numbers for Repairs and CapEx seem low compared to the purchase price. I think you'd be in the ball park if you raised them to at least 5-6%. Personally, I would account for approximately 7-9% for each. Otherwise your analysis seems pretty solid. Good luck on the deal and keep us posted.