Waynesboro, PA · Member since 2018 · 20 posts · 10 votes
I am practicing using the calculators and would love some input to see if I am reasonably close or if I am way off. I understand many won't know the area, but looking to see if I am on the right track.
@Bill McCann it seems ok. I think your holding cost are going to be higher then you are allowing yourself. Best of luck
FYI you need to take off address when you request people to analyze. If not you are setting yourself up to loose the deal to someone greedy
Rental Property Investor · Charleston County, SC · Member since 2014 · 42 posts · 15 votes
7y
I think the expense figures are too low - why only 3% for property management? Vacancy should be 5% at a minimum since its a multifamily and capex and repairs and maintanence are very low.
Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
7y
Yes agreed all your expenses are half what they should be . However don’t let that scare you .this is still a deal ,the cashflow is there . It looks like a nice place and I think I would pull the trigger on it if it were me