All Forum Posts by: Doug Haisten
Doug Haisten has started 53 posts and replied 234 times.
Post: Using the Wholesaling Rental Calculator

- Mobile, AL
- Posts 238
- Votes 44
I need to analyze a rental property with an ARV of $91K. The property owner is asking $$69.3K and is rented and needs very little repairs. The current rent being paid is $625 but the rent should be $725 (Rentometer). When doing the input in the Wholesaling Rental calculator should I base the loan on the ARV (as the calculator suggests) or on what the property owner is asking. Also, for the rent, should I input what the property owner is currently collecting or on what the rent should be?
Thank You
Post: [Calc Review] Help me analyze this deal in Milwaukee WI in 53207

- Mobile, AL
- Posts 238
- Votes 44
@Abhay SacharWhy are you not showing the renovation cost in your analysis?
Post: [Calc Review] Help me analyze this deal in Milwaukee WI in 53207

- Mobile, AL
- Posts 238
- Votes 44
@Abhay Sachar As said earlier your cash flow is very good. WIth the monthly expenses what they are and no mortgage you are taking into account vacancies, repairs, any services you would pay for etc. Your buying the property as is and it doesn't need any repairs/renovations?
Post: What's the market like in Mobile and Baldwin County?

- Mobile, AL
- Posts 238
- Votes 44
With Walmart distribution center opening soon as well as the same for Amazon and another Airbus type company coming in (partnering with Airbus???) I am told the market for rentals is growing at a fast pace.
Post: Single family rentals in 36605

- Mobile, AL
- Posts 238
- Votes 44
Folks,
What do you use to analyze the property to see if is a good deal, a deal good enough to keep as a rental or to sell to a buy and hold investor?
Post: Determining if a rental property is a good deal

- Mobile, AL
- Posts 238
- Votes 44
@Gary Bennett Do you actually use that calculator?
Post: [Calc Review] Help me analyze this deal

- Mobile, AL
- Posts 238
- Votes 44
*This link comes directly from our calculators, based on information input by the member who posted.
This is a house, 2 bd/2 ba, 1020 sq ft built in 1956. I The roof is about 12 yo. Not many recent sales and fewer similar houses. A 3/1 house 1056 sq ft about 4 doors down the same street sold in May for $40K. The owner has a remaining balance on his 10 yo mortgage of $35K. The owner is 1-2 payments behind ($550 payment per month). The owner says he just wants out from under it, can't afford it anymore. The house is vacant but furnished at this time with power on. Rentometer says the house in this area is $753 a month. I think that is too high and using $675. Figuring on wholesaling to a buyer with a 30 yo note the house brings net income of $303/mth and a 12% COC return. The calculator shows a max offer price much higher than the mortgage. I'd offer just enough to pay the mortgage off plus $1000 to help him get his belongings out.
I am new to the BP calculators can someone please review this and let me know if I am doing this right. Thanks Doug
Post: [Calc Review] Help me analyze this deal

- Mobile, AL
- Posts 238
- Votes 44
*This link comes directly from our calculators, based on information input by the member who posted.
Please see the included print out done by the BP Wholesale Calculator. The house has already been renovated and is in a good neighborhood in town. Comps are around $68,488 and they are asking $78,900. As I see the print out I have some room to wiggle. The price to my buyer is just a slight bit less than the asking price. The Cash on Cash ROI and the Monthly Net Cash Flow iswhat Brandon teaches he goes for on a deal (12%/ $100+/mth). Am I doing this right?
Post: Probate Question Death occured 2 years ago

- Mobile, AL
- Posts 238
- Votes 44
Thank you
Post: Probate Question Death occured 2 years ago

- Mobile, AL
- Posts 238
- Votes 44
A woman is facing foreclosure on a house that the deed has her mothers name on it. "Mom" died 2 years ago and nothing was probated. The deed still has her mom's name on it. Is there any fast method that would allow the daughter to sell the house to avoid foreclosure?