All Forum Posts by: Robert DuBois
Robert DuBois has started 3 posts and replied 4 times.
Post: Looking to talk to Mineapolist people about a N Penn property

- Santa Cruz, CA
- Posts 4
- Votes 2
I'm exploring the purchase of a place on North Penn in Minneapolis. Considering it to live in now, fix up, and sell over the next 3-5 years.
I'd love to talk to a local in the area who can help me assess neighborhood saftety, market potential over the next several years, and what I can reallistically expect for an ROI over the medium term (and, whether it would be a decent place to live in the interim!).
If you know the area, I'd love to connect!
Post: In escrow on my first purchase – seeking council

- Santa Cruz, CA
- Posts 4
- Votes 2
Thanks Brian – I appreciate the feedback.
Post: In escrow on my first purchase – seeking council

- Santa Cruz, CA
- Posts 4
- Votes 2
Hi everyone,
I'm in contract to buy an 80-year-old $790k home in Santa Cruz, CA (listing was $90k over this). Property has an un-permitted ADU. I plan to rent both units. This would be my first property.
I'm looking for:
a) sage advice from those more experienced than I am, and
b) to know what questions you would be asking in this scenario
Backstory:
I'm estimating the mthly PITI will be around $4400/mth, plus another $1000-$1200/mth for repairs, vacancies, legal, etc. That puts me at $5400-$5600 I'll need per month, and I've been testing the rental market and think I can get at least $5400.
In exchange for getting into my first house and building wealth long term I'm willing to cover $100-$200/mth out of my own pocket.
On paper it's not a killer deal, but this is a tough market and I'm looking at it as a buy-and-hold. I'm trying to get into the market rather than sit on the sidelines, but my biggest fear is getting trapped in a big mortgage only to watch the value of my home fall.
Thanks kindly,
Robert
Post: Buy & Hold Analysis

- Santa Cruz, CA
- Posts 4
- Votes 2
Hi, I've been using the Buy & Hold analysis tool. I'm not clear on how the following are calculated in the "analysis over time" section – can someone help explain?
- Property Value
- Equity
- Loan Balance
- Total Profit if Sold *
- Annualized Total Return
Thanks.