All Forum Posts by: Koi S.

The One Percent Rule is a good general rule of thumb and a baseline. If the total gross monthly rent divided by the purchase price is greater than 1%, that is a good sign. Some markets all the houses can meet this, and other markets this will never happen.

That is so good to know! I just quickly ran some numbers and it was pretty close... I'll see if I can make it work. Thank you!

0 Votes

Tacoma, Washington

Quote from @Jake Wiley:

Not sure if this is just a pro feature - but there is a rental property calculator that would help you get your arms around the things you'd need to consider.

Generally speaking, you want to understand the purchase price, plus any repairs needed to calculate your initial investment.

Then you'd want to understand your operating expenses, including taxes and insurance and maintenance reserves plus your debt service costs, and compare them against market rents. Keep in mind taxes will likely change/increase once the sale is recorded and insurance you'd need to get your own estimate, not base it off what the seller has in place.

This will help you understand if you are going to have a positive cash flow for a high-level analysis of the property.

Awesome, thank you for the great info! I will definitely keep all that in mind and check out the calculator!

0 Votes

Tacoma, Washington

Quote from @Nicholas L.:

@Koi S. it depends - usually you want positive cash flow and a reasonable return on the actual cash you invest. Post the numbers (purchase price, expenses, projected rents).

Thank you!

0 Votes

Tacoma, Washington

Quote from @Michael Dumler:

@Koi S. general rule of thumb, run your numbers with other investors in your local market. A good deal is dependent on your criteria and the return you would like to achieve through the asset. One of your biggest variable expenses, from what you have mentioned, would be your rehab costs. The rehab alone can make or break a deal. Have you provided a scope of work to a contractor to gauge the overall rehab estimate?

I have not done so yet, but on my way to doing so. Thank you for your advice!

0 Votes

Tacoma, Washington

Hello investors!

Looking to purchase my first duplex/fourplex. I have one in mind, a fixer, but not sure if I've included everything in the math. What is a good way to determine a good deal?

All advice and tips welcomed! Thank you in advance!

3 Votes

Tacoma, Washington

You're headed in the right direction with thoughts of being an hour away from Seattle. If you're willing to overlook the commute with even a bit more travel time, you can definitely find yourself in an area that is up and coming, giving yourself a head start. Locals are even giving in.

1 Vote

Seattle, Washington

Thanks everyone! I really appreciate it! @Matthew Murphy @Ndy Onyido @Ryland Taniguchi @Alexander Zeisberg @Alex Chin

0 Votes

@danhill It definitely does feel like that! How has your experience in investing been?

0 Votes

Thank you for your post. It helps hearing about other agents' experiences. My year mark will be in February. I just find myself being in a slow groove some days.

0 Votes

What's going on, BP?! I'm Koi, from Seattle. I am very new to the real estate world and looking for new info everyday that can help with my business. I am also interested in investing. Still exploring my options. I do a lot of researching and even reach out to my established circles. However, I believe I can learn a lot from reaching out to the outside world with no biased opinions. As far as investing goes, does anyone have recommendations on a great meet up group for beginning investors in King/Pierce area?

Thank you, all!

1 Vote

All Forum Posts by: Koi S.

Koi S. has started 2 posts and replied 10 times.

Post: Determining a good multifamily deal.

Post: Determining a good multifamily deal.

Post: Determining a good multifamily deal.

Post: Determining a good multifamily deal.

Post: Determining a good multifamily deal.

Post: Considering a move to Seattle from Midwest

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Post: My personal Real Estate experience

Post: My personal Real Estate experience

Post: Goooood morning!!