All Forum Posts by: Account Closed

@Kameron Yellin Thank you for your reply. I'm curious. From your experience, why are condos harder to cash flow in the CS market? Is it the associated HOA fees are too high?

Hello, I am in the process of creating an excel model that will determine if a 4bd/5ba townhome investment will be profitable. I have never purchased a property before, and am trying to forecast expenses. 

What type of landlord/property insurance coverage will a FHA lender typically require? Which insurance company is the cheapest? Which has the best value?

How much do you think I will spend in yearly repairs on the property on small things such as garbage disposal repair, fridge/oven/microwave, etc. (Excluding larger expenses carpet cleaning, repainting, roof replacement).

What would be the estimated gas/electric/water/sewer monthly charges? Assuming I do not pass these costs along to the tenant? 

Any advice/recommendations are welcomed! If any of you use your own model or website when analyzing a deal and do not mind sharing, please do. Thanks. 

My goal is buy/sell/rent Single-Family homes after I finish school. Skills I am looking to acquire between now and then are how to evaluate residential RE markets, how to accurately forecast property cash flows, and how to make up leasing contracts and evaluate prospective tenants. 

My problem is I have no money right now and will graduate(December 2021) with approximately 25K in debt. I have a degree in Finance and am pursuing a Master's of Real Estate. My plan is to pay off my debt and fund residential RE deals by landing a job in Commercial Real Estate. I have no aspirations for climbing the corporate ladder. 

My question is what job in Commercial RE should pursue? Which will teach me the most about buying/selling/renting single-family homes? Should I pursue mortgage banking, investment groups with focus on multi-family asset management, development, real estate brokerage, valuation/appraisal, etc.?