All Forum Posts by: Jason Appel

@JayCinta Henry https://www.biggerpockets.com/...

Try that. Lmk. Thank you 

@Bryan Stottlemyer You are right on the 2% rule. I thought of that, but the cash flow this property would provide isn't significant? In regards to CapEX, how can I go about assessing those properly?

@Tim Miller

Good call. I saw that sale in 2018 and didn't think about any underlying causes. Thanks for the heads up!

@Jacob Sampson

Is there a specific reason that you chose 140k? Even though the analysis says close to $750/month cash flow, this property wouldn't cash flow well?

Somebody is trying to get me to join Renatus. It seems like a cool networking platform but it looks extremely expensive. Does anybody have any feedback with using this?

TIA

JASON

Hi All,

I found a 4-plex in Hagerstown, MD on sale for $179,000. I ran the numbers, and I wanted other investors help to ensure/guide me in regards to properly calculating all of these costs. I used the Rental property calculator on this one. 

Here is the listing on Zillow:

https://www.zillow.com/homedet...

Here on Realor.com

https://www.realtor.com/reales...

Here are the numbers I ran on this property:

https://www.biggerpockets.com/...

(I used the rental income total provided by the links above. It is 100% tenant occupied.)

I think I have a good deal here; are there any red flags I am missing? I am very new to this, so I would understand if I am way off. I am all ears, please leave any feedback you can offer. Thanks in advance.

@Jennifer Beadles I appreciate the clear and concise breakdown of your process. Thank you

@Doug Smith

I appreciate your help with Thea advice of building a spreadsheet. I think the additional step to reach out to other locals will help me more accurately predict costs on a project. Thank you

@Erik W., yes I was referring to <4 units. If I plan to manage the properties in the beginning, and later outsource it to a manager, are there ways I can re-assess the numbers in order to still receive positive cash flow, even if I am paying a property manager later on (besides for just lowering expenses or increasing rent.)

@Cameron Tope

I think your conclusion is the main thing. Getting over that hill and the mental block of analysis paralysis is the hurdle one must clear in order to fully grasp a siuation. Thank you