All Forum Posts by: David Craft
David Craft has started 2 posts and replied 4 times.
Post: [Calc Review] Help me analyze this deal
- Posts 4
- Votes 0
Thank you, @JaysonMedhurst, for taking the time to address my post. I am not sure about the renovation numbers. I looked at what similar properties sold for in the area on Zillow to get an idea about the ARV. I used rentometer to find out what the median rents are in the area.
The red x on the building means that the building is not safe for firefighters to enter in case of emergency. However, it is my understanding that it doesn't mean that the property cannot be rehabbed. I can probably find a few additional red x buildings within a few square blocks of the property.
In regards to your analysis:
- I plan to finance the rehab utilizing a HML and will refi after I get the property occupied.
- Thank you for the recommendation on the vacancy, water/sewer, and insurance. Do you find that talking to a property management company in the area will help me obtain somewhat accurate estimations on these fixed costs?
- I am not sure about whether the utilities are separately metered. Many of the properties in the area I am looking at are built pre-1920, and I don't know if they installed separate meters within these properties. Again, would a property manager in the area be able to provide me with information about this matter?
Post: [Calc Review] Help me analyze this deal
- Posts 4
- Votes 0
*This link comes directly from our calculators, based on information input by the member who posted.
I have done a few property analysis and I've been getting very high ROI projections. I would appreciate any feedback on what information I am misstating or failing to include which could be causing the high ROI projections. Thank you for your help.
Thanks, Tim. I will go ahead and get that done.
I am new to real estate investing. I've create a few reports with the rental property calculator and have received very high ROIs (e.g., 22%) and cash flow projections ($900 plus per month in net income). I utilized the same cost assumptions that Brandon Turner utilized when he demonstrated the tool on the "How to Make 2020 Your Best Year in Real Estate" webinar. I want to see if anybody has suggestions on what changes I should make to get more realistic projections on my property analysis. I appreciate any advice that can be offered on this matter.