All Forum Posts by: Michael Sockwell

@Frank Vettese IIi

I’m also curious about this area

@Tim Herman It feels like sometimes when you use the calculator through the iPad that you get a malfunction calculator because I redid it and everything about the calculator felt different and even functioned differently and the analysis was much different so maybe I just had a bug

@Tim Herman I was able to post the deal analysis but I couldn’t link it to this I’m still new trying to learn how to use the forum I’m not even really sure how to find my own discussions after I create them it’s quite frustrating

Thank you for replying all help is very appreciated

View report

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

@Tim Herman I did not include PM as I would self manage

@Tim Herman I put in 5% for each cap ex, vacancy, repairs

@Tim Herman how do I post it?

I tried a screen shot

I wanted to run worst case scenario on a deal a BP call is making it look like a homerun

Deal 105,000 purchase price

30,000 rehab

ARV 145,000

Rent 1000-1200

Help, I was going to use the calculator numbers to renegotiate with seller but the calc is showing me $805 cash flow. Even if I figure the P&I which it’s leaving off it still shows me it’s a good deal. I’m looking for a real number to come back to seller with. 70,000 rule is saying 71,000 but I know they won’t take that and I don’t feel I need to go that low to make it work. 

@James Wise

I’m dealing with an out of state landlord. He doesn’t have a problem with me getting an inspection, I was sure if I will or not. Only thing I found odd was he keeps saying “as is” even though I’m very clear that was my intention and then he called me after we finally agreed on a price to let me know he was an inactive agent and would be adding that to the contract. I believe all along he was just an elderly tired landlord.

ARV is 147,000 and we agreed on 105,000 with me paying closing.

Should I be concerned?

@Bill Hampton

Awesome, do you have an hard money recommendations?