James Smoot from San Diego, CA posted 8 months ago View report *This link comes directly from our calculators, based on information input by the member who posted.
Dan Wentworth Investor from Louisville, Kentucky/ Southern Indiana replied 8 months ago Wow, a $350K property that only needs $2500 in repairs. That is a great find, well done. The property taxes seem high in relation to the cost of insurance IMO but I've never been to San Diego unfortunately, lol.
James Smoot from San Diego, CA replied 8 months ago @Dan Wentworth Thanks for the reply! How did you know it was 350k? It says on the report 125k sale price. What am I missing? Honestly I’m such a newbie I was just playing with the numbers seeing how I could make the cash on cash return close to 12%, ended up putting the purchase price down to 125k then changed a few other variables while having some “accurate” ones from realtor.com and BOOM there’s the report that you see there.
Dan Wentworth Investor from Louisville, Kentucky/ Southern Indiana replied 8 months ago @James Smoot After Repair Value is 350K on the report
Dan Wentworth Investor from Louisville, Kentucky/ Southern Indiana replied 8 months ago @James Smoot You'll have a lot of those moments, just don't get discouraged when it happens & keep learning. Every one of those moments gets you closer to where you want to be:)