All Forum Posts by: Claude Robinson III

Jasmine I would also be interested in your story and contacts. Thanks Claude

Hi BP community,

I have been on the site for a while, mostly studying and reading. I am looking at doing my first deal. It is a duplex with two tenants. 

The financials are below. Everything looks good to me. I am looking for others to poke holes or provide guidance on things I have missed or should be looking for. I am not expecting appreciation, I am actually expecting the entire market to tank (I am an active stock/finance investor) due to many things aligning or making the news that no one is seeing yet (2008 dejavu again). Right now I am just looking for cash flow (there will always be renters even if the market/valuations drop).

I do have some ?s on the early rents as to why they were varied and am awaiting a response. 

Thanks,

Claude

@Chad Greeenhill and @Lark Kemper II please DM me with details 

@David Robrecht please add me to your list [email protected]

@Mike D. ping me to discuss

@Ali Boone can you recommend a good turnkey provider in Indianapolis?

Thanks,C

Please message me with the info

Matt would love the details

Thank you for the feedback. This is the typical cost in expensive California cities near colleges where there is a lack of housing rentals. Houses around here are 700-1M for three bedrooms that rent out at 900-1000/bedroom. I appreciate the input and will keep scouring for a deal close to home...worried to go out of state without a partner or mentor.

HI BP fellows, Been reading and listening to podcasts. I am looking to pull the trigger on my first property and wanted to get feedback on the numbers from those who know. 2 bedroom 1.5 bath condo near college campus where vacancies are low. Price 281k Taxes 3200 HOA 200 a month Current rented for 1600/month till June but with some paint and cosmetic work could be rented for 1800-2k like others in area. Looking for guidance on how to value investment. Right now based on calc and tools I see that I would just cover mortgage, taxes and insurance. Claude