All Forum Posts by: Matthew Shelton

@Stephen Chittenden - makes sense. thanks!

@Zach Quick - Thanks for the reply. The ARV should be around $130k if the similar comps are accurate or at least in the ball park. It is listed for $119k. My agent indicates the listing price is right around market for the current condition (she is looking at the same comps I am though). Would that seem right?

@Christian Bors - also thanks! (this is my newbie voice talking) Above and beyond estimating the repair costs, rental income, expenses (50%), financing options and ARV what else is there to vet -- as far as coming up with an offer? This, of course, is assuming that I have finished all detailed due diligence on the above estimates (which I have not completely done)

Hi, BP -

Working on a multi-family deal and wanted to run some high level (round) numbers off to see if they make sense.

Conventional loan - 20% down

Rehab - 10%ish

Monthly rent potential - $2k

Using the 50% rule, the most I can offer, to get 15% return, would be $100k (includes closing costs), correct? (PI+ins+tax totaling around $600/mth)  

Hello, BP - 

Could any experienced investors speak on the ability, or availability, of using a private loan to assist in the down payment on a conventional loan?

I am a newbie trying to structure a deal and have the cash for a 20% DP and 10% rehab but don't necessarily want to dish out the cash on one deal.

-Thanks!