All Forum Posts by: Hua Lin
Hua Lin has started 0 posts and replied 21 times.
welcome to bp
Post: Sheriff Sale Question
- Philadelphia, PA
- Posts 21
- Votes 0
Attorney on writ,I googled.
@Jeremy T. Welcome to bp.Is your rentals are in Grays ferry area?
Post: First offer in! The story of a newbies adventure into real estate invesment.
- Philadelphia, PA
- Posts 21
- Votes 0
Great post,good luck man!
Post: New member! Super nervous, need some help!
- Philadelphia, PA
- Posts 21
- Votes 0
hiDan Falcon welcome to BP,this is a great forum.
I am a new member too.
I dont know how you get the 20% COC
Here is my input.
purchase price?113,000
20% down=22,600
gross monthly income=1,000
according to 50% rule
monthly noi=500
P&I=393 per month at the rate of 3.248% 30 years
monthly cash flow=500-393=107
coc return=1,284/22,600=5.68%
cap=6,000/113,000=5.31%
Is the number correct?
Did I miss something?
I am newbie too
hope that would help.!!!
Post: New member from out of town :)
- Philadelphia, PA
- Posts 21
- Votes 0
Hi Denis,welcome to BP,this is a great forum.I am a new member too.
Post: Newbie from near Philly, need some help
- Philadelphia, PA
- Posts 21
- Votes 0
Welcome to BP Lisa.I am living in Philly and I am an introVert too.
Post: Newbie From Mandeville , Louisiana ( Right outside of New Orleans)
- Philadelphia, PA
- Posts 21
- Votes 0
Welcome to BPDavid Stechmann?I'm also a new membe.There is ton of information available on this forum.This is a great forum.
Welcome to BPPete Amador.With 1250 rent per month,the proper price for the duplex should be 75,000 considering 10% cap rate.
According 50% rule,NOI would be 625 if u rent out the duplex.Annual noi is 625*12=7500.with a 10% cap rate,the price should be 7,5000
Hope that would be help.
Post: New from Los Angeles...
- Philadelphia, PA
- Posts 21
- Votes 0
Welcome to BP Shawn C
This is a great forum.