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All Forum Posts by: Chris Kreslins

Chris Kreslins has started 1 posts and replied 3 times.

Okay so here are my number on one I'm looking at today. This puts me $300 in the hole each month. What would you do to tweak this? or is it just what it is and I need to keep looking for a better deal?

Price: 299,000
Closing Costs: 5980
Down payment: 74,750
Interest: 6.5
30 yr conv loan
2 Units: $2000 total
Prop Tax: 308/mo
Insurance: 75/mo
Repairs and Maintenance: 5%
Vacancy: 5%
Capital Exp: 5%
Property Mang: 10%
Utilities: 0

I appreciate all the responses! I have found many of your posts to be insightful! Glad to be part of the BP community.
-Chris

Hello, I'm new to investing, and with the current prices against current rents, I'm finding it difficult to get properties to cash flow. As far as I know, I am pretty thorough with the calculators. Is it just me?  Or is it the current state of the market? Any advice would be appreciated. Thanks!