All Forum Posts by: Anthony Batten

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*This link comes directly from our calculators, based on information input by the member who posted.

Hello Stephen, 

Thank you for your feed back.  A friend of mine purchased this home 2/1 about 2 years ago and is moving out of the area.  He has completely rehabbed the home including kitchen, HVAC, bathroom, new porch as well as it coming fully furnished.  Also, it is currently rented until Nov. and another tenant is scheduled to move in after.

Anthony 

Thank you for your feedback.  The broker is only requiring 20% but I'm putting down 25% to buy down the interest.

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*This link comes directly from our calculators, based on information input by the member who posted.

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I have a few questions:

When should start looking for an Insurance company?

Would I pay PMI if I use an Hard Money lender?

Anthony 

I added all of those things in the new calculation but I can’t get it to take out the utilities once it’s rented. 

John,

I would first like to say thank you so much for your help. I did forget to enter some things.  I have one question does the calculator take into account that I will no longer be paying utilities one it is rented.  Also, I took my repairs and vacancy down to 5% do to it being a complete rehab and the area is located near a military base and college.

I am using a Hard Money lender and I added in the points correctly but I didn't put it as interest only as it should be.

I did forget the insurance piece.  I am fixing that now.

The property is a duplex and the rent rate are anywhere between $675 and $900.  In some cases it is $1100.

Thanks again for your help.

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*This link comes directly from our calculators, based on information input by the member who posted.  This is my first invest property deal.  Let me know what you think.