All Forum Posts by: Shayan S.

@Caleb Heimsoth @Matthew Irish-Jones Thank you for the response!

Hi Christopher,

From what I've read I can say that you should estimate your expenses more conservatively. Capex and repairs should be closer to 9-10%. You should also call local property management companies and/or investors to find out the vacancy rate in your area. Also you have budgeted 0$ for repair costs, which is almost never the case. There's almost always going to be a couple things that you might have to repair. I would estimate a few thousand for repairs if I was you. You should estimate more conservative numbers and see how that will effect your CoC return and cash flow.

Shayan Soltanian

Hi Adam,

From what I've read I can tell you that the numbers look pretty good. A 16% CoC return is great. The only thing I would advise on is estimating capex and repairs a little higher you always want to estimate conservatively. Also I've listened to Scott Trench say that when he uses the calculators he estimates that expenses and income increase in unison. Try running these numbers and seeing what happens to your CoC return and monthly cash flow. Good luck!

Shayan Soltanian

Hello Brayton,

From what I've read I can tell you that like Ryan said a 4% increase in income is too high. Scott Trench has mentioned that he (conservatively) estimates that income and expenses go up in unison. Other than that you're numbers look pretty solid, and the expenses you calculated as a percentage of the income seem to be pretty reasonable. Good luck!

Shayan Soltanian

Hello fellow BP members,

I am a sophomore majoring in civil engineering at the University of Buffalo, I'm 18 years old. I quickly realized that real estate is a GREAT way to financial freedom. I am currently seeking to learn and connect with as many people as I can. My goal is to own 600 units by 2030 by using the BRRRR method. I am hoping to meet people, connect, and learn. I can volunteer my time and energy in exchange for real estate knowledge. Currently I am trying to learn as much as possible. I currently manage the social media page of a real estate agent/investor and learn a ton that way! I was wondering what else I could be doing to reach my goal? What actionable tips do you recommend? What would you do if you were in my shoes?

Thank you,

Shayan

Can I use a home as collateral for a private money loan even though the home is not fully paid off?