Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jeffrey McKee

Jeffrey McKee has started 44 posts and replied 429 times.

Post: New to bigger pockets

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to Biggerpockets, Richard!

Post: New to Investing

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to the world of real estate investing, Melissa! Investing in duplexes and MF units can be a great way to build wealth and generate passive income. Investing in real estate requires careful planning and due diligence, but with the right approach, it can be highly rewarding venture. Good luck with your investments in South Carolina!

Post: [Calc Review] Help me analyze this deal

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82
Quote from @Greg Kasmer:

Jeffrey - A few suggestions: 1) The loan amount would be whatever LTV you lender can provide with the cash out loan. So, if they say 75% LTV based on the appraisal that would be $108,750 on the loan amount. Once that amount is adjusted you'll have a loan payment updated based off of the rate and terms of the loan. 2) In you long-term expense estimates I don't see any assumptions for property management (7-10%), repairs/maintenance (7-10%), and vacancy (5%) so I would re-run your estimates based off of new expenses. If you total monthly rent is $1,000 (you should verify) with a property value of $145,000 may not work in order to cash flow. Good Luck!


Thanks for the response. 

Post: New active member!

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to BP community, Mike! All the best!

Post: New member from Maine

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to BiggerPockets, Dillon! Best of luck on your real estate investing journey!

Post: aloha new investor

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to BiggerPockets, Mathward! All the best!

Post: New to the Group and to Boot camp

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Hello Tracy and welcome to BiggerPockets forum! 

Post: [Calc Review] Help me analyze this deal

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

The cashflow is negative after the refinance so i realize the numbers would need to be renegotiated.  

Using the BRRRR rental calculator, I am trying to figure out what the cash out would be? The report is below. There is a strong rental market in Sherman Texas so I imagine the rent could be more than $1,000 but the property is only a 2 bed 1 bath.


View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Real Estate Investor

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to BP community Kimberly!

Post: New to investing

Jeffrey McKee
Posted
  • Real Estate Agent
  • Plano, TX
  • Posts 449
  • Votes 82

Welcome to BP forum, Patrick! Best of luck!