All Forum Posts by: Brice Hall

@Greg H. these are SHORT term examples.

Show 30+ properties with the same criteria and 15+ years of data/history. Do you actually forecast the same results youve had in two years for the above property for 15 years?

also kind you that it sounds like you're having to organize cleaning, find tenants, etc. a job (and not a high paying one at that) not an investment 

@Greg H.glad to hear no one was hurt.

its easy to cherry pick with one lucky example. Of course you roi looks good on this one, but what about you irr on 30 properties over 15 years? Hopefully you learn sooner rather than later, but to keep making money you'll either defer maintenance and become a slum lord, or you'll notice all your profits going into Capex. 15 years later you'll wonder why you were spending 40+ hours doing this

@Kenney Vangaldersounds more like your investing in gas than real estate 

@Benjamin Haberman you should not be using % of rent to forecast anything. This is misleading. that calculator prop shows that you can CF on a property that rents $400/month.

% of $400 vs % of $1500 is a completely different number. Get it?

Glad to see people coming around and agree with me 

@John D.you're right, it actually comes to over $250/month 

Btw.

Property manager is also a job 

Screening tenants is a job 

And I could go on.

Clearly maybe the issue is that you and I all define "investment" different 

first let me say. I am not getting on a roof or going to paint etc. that is a job, not an investment. I am also not going to neglect different capex that you seem to be missing and or underestimating. I also am not going to be a slum lord 

Roof 5000 20 years

Hvac 4000 10 years

Flooring 1800 6 years 

Plumbing 6000 20 years

Fixtures (plumbing/electrical) 1000 10 years

Water heater 700 8 years

Appliances 1000 8 years

Components (garage door/breakers/etc) 1000 10 years

Structure (foundation/drywall/framing) 10000 30 years 

Kitchen (cabinets/counter tops) 4500 20 years

Windows 5000 30 years

Paint 2500 5 years

Landscaping 1000 5 years 

@Jason Krick

@John D.

@Scott Schultz

@Greg H.

@Jason Krick

@Jason Krick

Hvac, flooring, plumbing, fixtures, water heater, appliances, components, structure, kitchen cabinets/countertops, Windows, paint, landscaping 

@Mary lou L.my suggestion would be to stay far away from ~$30k houses that rent for $700 a month. Why?

Taxes/insurance: ~$200/month 

Vacancy: ~$75/month

Maintenance: ~$75/month 

Management: ~$75/month 

Capex RESERVE / replacement: ~$250/month