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All Forum Posts by: Meghan McGill

Meghan McGill has started 10 posts and replied 56 times.

Post: Charleston, SC Investor Breakfast

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

@Danny Randazzo what time?

Post: the hardest part of BRRRR

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

@Jason Ma

How much time passed between appraisals? Did the two appraisers use different comps?

Post: Analyzing deals / Calculators

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

Hello everyone! 

I'm really green and just getting started. I'm listening to BP daily and exploring their website as well as following the FB groups. I'm currently doing a cash out refi on my primary in order to have funds to put down on my first investment property. While I'm waiting on the loan to close, I would like to start practicing analyzing deals. However, I can't seem to find a resource that explains what I should be calculating and how to calculate it. Can someone direct me to a great resource? My plan is to buy, rent, and hold, but I am open to other opportunities as well and would like to be well versed in the calculations for all options. Currently, the only one I'm familiar with and can calculate on my own is the 1% rule, but I know there is much more to it that that one rule.  TIA!

Post: How to determine market rent rate?

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

@Patti Robertson I received a 404 error message when I clicked on Jay's link. I've been doing some digging today, but haven't found updated info yet. I live in SC. Thanks! 

Post: How to determine market rent rate?

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

@Yvette M.

How do you get the Section 8 rates?

Post: 1% rule, 2% rule are BS...

Meghan McGillPosted
  • Accountant
  • Summerville, SC
  • Posts 57
  • Votes 67

@Russell Brazil

Total newby here so figure me if I’m wrong but doesn’t cash flow calculations include all other expenses, not just financing? (Insurance, repairs, vacancies, etc)