All Forum Posts by: Brock Laramee

Thanks Roger some really good advice. I wrote down some things to consider for myself from your post. 

You have helped me realize that I probably won't be a "good candidate" (haha) for banks right now as I am earning $0 as a full time college student. If I decide to go into real estate investing immediately after college, rather then getting a job with a salary, I'll probably be forced to invest creatively in the beginning. Which is just fine. I assume the banks will appreciate a track record once I get on my feet. Then I'll hopefully be able to go the traditional route. 

Nice to see someone from the area! 

Cheers,

Brock

Hey guys this is my first post!

I'm looking at a property in Delray Beach FL (I'll post below trying to run numbers for my first time). I don't know nearly enough of what I am doing just looking for feedback. I'm wondering if this property will cash flow strong. I also want instant equity so wondering what a good price would be. This is what I know. Three units. Rents for 700, 700, and 1000. Priced at $265,000. Expenses would be $333 month property taxes, $1300 mortgage + insurance, no hoa. Assuming maybe $350 for maintenance a month. So that would cashflow $417 a month hypothetically. What do you think? Any thoughts and constructive criticism is much appreciated!

http://www.realtor.com/realestateandhomes-detail/1...