[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Hi everyone! First-time post and first-time real-estate investor here. Several months ago it dawned on me that passive income would change my family's life. I'm nearly 32 years old married with two young kids. We live in LA, California - and as you can imagine, the house-buying situation has been a discouraging process given how expensive it is out here. I've worked very hard in my life, stayed loyal "working my way up" to an executive-level at my job, but no salary was enough to save and invest in a home... that is, of course, until I realized the prospect of investing in properties outside of our state and building a portfolio that could provide passive income streams while building equity.
My strategy changed and I began investing in the stock market, cryptos and diving into day trading - but after learning about real estate, I'm starting to see the real potential in increased ROI. I'm a hustler by nature and began reading as much content that I could. After attending last week's seminar on "how to invest in multi-family properties", I'm more motivated than ever to start the process.
Anyway, posting one of the last 15 analyzed deals here to get your feedback. Also, would love any tips or tricks you have to quickly account for more accurate information when it comes to inputting numbers. (Insurance rates, property management % rates, utility expenses). Also, wouldn't hurt to hear your thoughts on locations that offer great deals if you have any suggetsions.
Thanks so much!
Most Popular Reply
What market is this in? I know the rules of thumb for my OOS market but not sure where this is. I really like a duplex over a SFH as the first OOS investment. They just produce more income with similar expenses to a SFH.
You have a W2 so you can easily get loans, which is great!