All Forum Posts by: Lauren C.

I'm interested in the Zoom call. 

Hi Basit,

Thank you very much for your reply. This makes sense. What would you say are standard percentage increases for operating expenses and income? I suppose it would depend on the property and the area.

Best,

Lauren

Sorry, I mistyped... it is a $449k property. Not $499k.

Hi all,

Rookie here... I listen to the Bigger Pockets podcast and I decided to try the BP BRRRR tool for a 3-plex I am looking at in NYC. 3.5% down house hack where I'll live in one unit for the first year. It's a $499,000 9BR 3BA multi-family property, estimating $75k in rehab expenses, an ARV of $700k, and $9600 in rental income ($3200/unit). These are ballpark estimates from what I've researched for this ZIP code. Using this tool, I indicated that I would refinance at 24 months. When I tried the BP tool, it showed the total annual cash flow dipping down to nearly -$40k after 30 years. Did I do something wrong when using this calculator?

Please be kind. As I said, I'm still new and just looking for some guidance.

Best,

LC