All Forum Posts by: Mark Andrade

Thank Max I appreciate it! I am starting out still not sure how much would be needed. What would you say the cost if per unit and if you happen to have a system or process for estimating repairs? Thanks again!

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

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

So I found that the usual closing costs in the area range from 4-7%, so I recalculated with closing costs of 7%. Also, I saw that PMI insurance is usually needed for properties with a down payment of under 20%, and I calculated using a 25% down payment. However, the COC is still pretty low and like you said ARV is less than what would be paid so its not a good deal. Thank you very much for your feedback and I wish you the best in everything!

Ok thanks I'll look deeper into the closing costs rate in the area and get in contact with a lender and the agent to see what it will most likely be. I appreciate the feedback and will take heed to your advice!

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

Hey guys. I'm new to analyzing investment properties. If you get a chance to look over this analysis, I would like to know what you think about this rental property. Please reach out to me with any comments, suggestions, or criticisms. Thanks! 

P.S. If you're an investor, wholesaler, flipper, agent, etc. in Philadelphia, please reach out to me I'll love to get in contact with you and get some deals done!