All Forum Posts by: Eric Carbrey
Eric Carbrey has started 2 posts and replied 5 times.
Post: Can it be done?
Eric CarbreyPosted
- Wichita, KS
- Posts 5
- Votes 0
Hello all,
I am looking for a formula that I can enter the amount of profit I wish to make and have it work out the bid offer I should put on a house. Any ideas?
Post: To jump or not to jump.
Eric CarbreyPosted
- Wichita, KS
- Posts 5
- Votes 0
Thanks Westin, good points.
Post: To jump or not to jump.
Eric CarbreyPosted
- Wichita, KS
- Posts 5
- Votes 0
From what the owner is telling me the expenses are $418 total. That does seem a bit on the low side to me. But I am new at this.
Post: To jump or not to jump.
Eric CarbreyPosted
- Wichita, KS
- Posts 5
- Votes 0
It is $475 per unit. with four units. Does that change things?
Post: To jump or not to jump.
Eric CarbreyPosted
- Wichita, KS
- Posts 5
- Votes 0
There is a fourplex for sale in my city that started at $149k I have talked him down to $140.
I am very interested in the unit. Here are some hang up I have. Right now the tenets are in a program that get homeless people off the street. Guaranteed rent to be paid by the city, and they have a case worker that visits the units once a week to check on things. Would you do this?
Rent is $474/m
expenses $418/m per previous owner.
Whats is your opinion BiggerPockets?