All Forum Posts by: Ryan Ross

Thanks for this heads up - is this something that can be found out on the utility provider's website?  I am looking in NY, NJ and CT. 

I think it is a great idea to do deal analysis as much as you can. This will help you filter out what properties are worth seeing. There will of course be assumptions, but it will help you get an idea for what good numbers are. 

Saw that your closing costs are 3% - is this the norm in Chicago? I also wonder if the water & sewer are fixed costs, or if they are something you can put on the tenants. 

Cheers, 

Ryan 

How much is too much detail when defining investment property criteria? 

Thanks!

@Karen Schimpf is this countrywide ? Or, which areas are better to invest in?

@Brian Ploszay thanks, any indication of whether underwriting standards will go up or down?

Updated the deal, but still figuring out how the site works, so made a new discussion:

https://www.biggerpockets.com/forums/88/topics/822555-calc-review-help-me-analyze-this-deal

Thanks Jaysen!

View report

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

View report

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

Ok I think I got it. Purchase price is what is required to figure out ROI ("I" is effectively the purchase price), operating income doesn't play any role in the purchase price. This is what they say when they say "you make money when you buy the house", right?

a lower down payment will give you higher ROI, but it will have you paying more in P&I because it probably means you have a high mortgage rate, right?

100k down payment = cash flow of 2310.56/m, 28,272/year. Takes about 12 years to pay off the loan if the entire cash flow is reinvested. 

400k down payment = cash flow of $3375.73/m, 40,508/year. Takes 7-8 years to pay off the loan if the entire cash flow iss reinvested.

The better invetment probably depends on your goals. if you're a long-term investor and If you want to pay it off as soon as possible, 400k down would be great. If you want to refurb and then sell, probably the 100k down. Does this make any sense? 

Thanks for your help! 

Hi Everyone, 

With everyone staying home, it is impossible to meetup and share knowledge about deals & markets. So let's bring it online. 

I am new to real estate investing and to Bigger Pockets, and want to meet people to learn & connect. 

If anyone is interested in sharing knowledge about real estate in general (or the US East Coast market), comment and we can set up a Zoom meeting - preferably mornings or early afternoon ET time zone as I am in London! 

Cheers, 

Ryan Ross
Lonon