All Forum Posts by: Ray Hunsberger

I appreciate all the feedback... Thanks!

- Ray

Just getting my feet under me here and have been spending 20-30 mins here and there analyzing multi-family properties in my local area. I was hoping to get some feedback to verify I'm understanding everything correctly and make sure I'm not making a "fatal flaw" at this stage of the analysis.

I'm using Brandon's "Buy and Hold" Calculator that I found here on the forums. Here's the property listing in Philadelphia:

Sample Analysis Property

Cap rate was found using RealtyTrac averages.

Here's a screenshot of my analysis worksheet:

ASSUMPTIONS

- 20% Down

- 2 Month's mortgage in holding costs

- 4.8% interest rate based on a mortgage broker buddy

- Insurance = Total guess. (is there as public resource that has this info?)

- Property Taxes - From listing and divided by 12

- "Other Expenses" = Total guess.

Thanks,

Ray

Thank you both. Appreciate the quick response.

New member here.... I'm researching the possibility of purchasing my first investment property and reached out to my friend, who does mortgages, and worked with me on primary residence. I asked him what the minimum needed to put down in Pennsylvania was and he replied with "20%". I hear of people purchasing with much less of a down payment on here so I'm looking for clarification. I asked him if this was his company's policy or an industry rule and he replied with "more of an industry rule".

Is this accurate?