All Forum Posts by: Maria Gabriela Rodriguez

Ideally, I’d love to focus on my own flips full-time, but that’s not financially realistic right now. I’ve been thinking about working for someone else in the real estate or house-flipping space to gain experience and stay in the industry while building toward my goal.

Has anyone else been in a similar situation? What path did you take, and is there anything you wish you had done differently?

Hi Payton and Chris - thank you so much for spending the time reviewing my calc. To give a quick summary, I am very new to analyzing deals. From my trainings I've learned that every deal has a number that "makes it work" so I was seeing where I would need the numbers to be to have it be a positive cash flow. After doing more research, I do agree that interest rates tend to be more in the 6-8% range.

Noted on the capex/maintenance repairs. I estimated lower for capex and repairs since it would be "newer" after the renovations but agree I could be a bit more conservative here given its an older home. And Yes, tenants would be paying utilities and lawn care. Data is showing 3-4% home value growth and rent growth of 7-8%. I underwrote this deal with my paying out of pocket for the rehab budget. I am not opposed to looking into seeing if I can go all in at $183k and flip - that is a good idea.

I analyzed with the assumption that I am getting a 7% rate from a conventional loan - I have ran the numbers on this one with a mortgage broker to get ball-park estimate.

I do believe I could narrow in on some of the estimates here so planning on looking further into this property.

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