All Forum Posts by: Sabrina Sargent
Sabrina Sargent has started 7 posts and replied 9 times.
Post: [Calc Review] Help me analyze this deal
- Posts 9
- Votes 2
the location is Hartford VT
Post: [Calc Review] Help me analyze this deal
- Posts 9
- Votes 2
Can someone please give the deal a look and tell me if I missed something. Its a duplex with all utility's separate an tents pay there own utilities. its in a very high income areas so rent is fairly expensive and NOTHING has a hard time renting
*This link comes directly from our calculators, based on information input by the member who posted.
Post: How to separate personal from business expenses?
- Posts 9
- Votes 2
I am planning on getting a multi family/duplex and live in one of the units. Does anyone have advice on how to keep my business and personal finances separate. By that I mean what should I count as personal expenses and what should I count this as business expenses? Should I count the renovations I do to the unit I live in as business expenses? What about utility expenses? Should I could all utility's for the entire building as a business expense or leave out the ones for the unit I reside in?
How do you go about finding the best property manger that meets your needs but does cost crazy money? I've heard of some sketchy things happening and i don't want to pick the wrong person any advice would be appreciated!
Does anyone know average cost for property's that you rent out in Lebanon NH area? and what are the best insurance providers?
Do I need to get an LLC and/or separate business accounts for my finances when doing a rental business in order to protect my assets against potential lawsuits?
Post: [Calc Review] Help me analyze this deal
- Posts 9
- Votes 2
Quote from @Andrew Freed:
@Sabrina Sargent - Can you run another calculation assuming all of the units are rented?
At the end of the day, moving into a house hack that supplements your living expenses dramatically is always the right move. Living expenses are your largest expense so if you can negate those costs, your savings rate will go through the roof allowing you to buy that much more real estate.
However, I would like to see if this is a cash flowing asset once you move out. When I run analysis on my house hacks, I run my numbers as if all of the units are rented at market (as long as they are month to month) since the ultimate goal is to move out and have a cash flowing asset once you leave. When it comes to owning an investment property, you never want the property to be costing you money once you leave. That will inhibit your ability to scale significantly. The name of the game is acquiring as many cash flowing assets as possible, not acquire property that cost you money every month.
This should be what it looks like when all three units are rents. Very possible to raise with some renovation's
https://www.biggerpockets.com/...
Post: [Calc Review] Help me analyze this deal
- Posts 9
- Votes 2
My husband and I will be living in on the the 3 units temporarily. Our current rent monthly is $2,400 so paying $722 out of pocket for living there till we get more property's saves us $1,678 monthly ($20,136 annually). The property will have at least a $360 cash flow once we move out. Is this something that makes since to do?
*This link comes directly from our calculators, based on information input by the member who posted.
Post: [Calc Review] Help me analyze this deal
- Posts 9
- Votes 2
*This link comes directly from our calculators, based on information input by the member who posted.