Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Preeti Sharma

Preeti Sharma has started 4 posts and replied 12 times.

Post: First time buyer, paranoid

Preeti SharmaPosted
  • Posts 12
  • Votes 6
Quote from @Daniel McDonald:

Take the reserves off the rental income ($1900). I'm doing 8% vacancy, 5% capex, and 5% repairs(which is honestly low but I don't know the condition of the property). That would be $342 a month. 1900-342-1492=$66/month in cash flow. 


 Thanks, this clarity helps. Turnkey property, new carpet, good condition devices, freshly painted. Good condition kitchen and bath

Post: First time buyer, paranoid

Preeti SharmaPosted
  • Posts 12
  • Votes 6

In mid 40s, first time LTR buyer. $145k property, 20% down, $1900 rent, Monthly cost $1492

Doesn't meet 2% rule at 1.13%. With 1 month rent going to RE agent, and 1 month for vacancy and 1 month set aside for repairs. Cash flow will be ($804). Am i working the numbers right or being paranoid per my age.