All Forum Posts by: Brandon Dwight

@Taylor Chiu Fuzzy math says with 20% down and a 4.5% interest rate that it could cashflow about $1k/month. I need to run the numbers more precisely. 

@Taylor Chiu the duplex is going for $400K. Could perhaps get for a bit less. 

Newbie here with a question looking for some opinions. I have two rental townhomes. One with about $400K in equity that cashflows about $8K/year and another with about $300K in equity that cashflows about $5K/year. I was thinking of selling these and purchasing a duplex in full that could potentially offer cashflow of $20K/year. Plus, I would end up with some surplus cash to complete a remodel at my primary residence. The townhomes are in Boulder, CO. , a real estate bubble that continues to prosper, but they have high taxes and HOAs and all that comes along with that. The duplex is a stand alone (no HOA), needs some TLC and is in a less desirable town and neighborhood. Should I try to sell my townhomes and get in to the duplex?

Hi all, An accidental real estate investor here. I have two townhomes I have managed to hold on to and rent over the years. I am just getting started in the BP/REI world and am thinking these may not be the best properties to hold on to. I am trying to analysis whether or not in makes sense to hold on to these or sell them and try to re-invest in single family or other. I stumbled across this worksheet from a previous post: https://www.biggerpockets.com/forums/88/topics/25519-free-property-analysis-worksheet and was trying to enter the numbers and I have some questions I was hoping the BP community could help me with. Sorry if I sound like a newbie, but I am. Here goes:

Line 14 & 15: What is Building Cost and Land Cost? Is that what my place is worth or what I paid for it?

Line 17: What is "Less Mortgages"? Is that what I still owe on the mortgage?

Thank you!

Does BP offer these calculators, or do you have recommendations for one elsewhere? Thanks!