All Forum Posts by: Account Closed

Welcome Ruby, great introduction! You are going to do great!

Tip: set up your key word alerts!

Fred

SFR 3B1B in the midwest in a B- area D schools.

1000 sqft

purchase price $25,000

repair cost $40,000

ARV- $75,000

Rent $900

Cost per month: Vacancy $90, CapEx$27 (figuring after putting $40,000 shouldn't need a whole lot more? maybe) Managment $81 property taxes $100, Repairs $90, Insurance $50

P&I 139 - 15 yr amortize with 4% interest rate; closing cost $1000, loan pts/fees $687 

I am guessing at interest rate and closing cost and fees in sentence above.

This could be my first out of state rental. Would love to hear your opinions.

Thanks a bunch,

Fred 

Hi Mark,

Welcome to BP! Great resource for everything real estate.

I am a cash buyer in KC market. 

Best of Luck!

Fred

Welcome Aaron,

BP is a great community with lots of smart helpful folks. 

Cheers,

Fred

Welcome Dan,

BP has a wonderful community of folks that are knowledgable and very helpful!

If you have any super deals in Kansas City I am looking to buy. Private message me the information and I will follow up with you.  We are not supposed to talk deals on this form. That type of conversation is meant for the marketplace.

Cheers,

Fred

Great article! You have to have a job to buy a house, and if you have high paying jobs the trickle down economics spreads over the whole city creating a vibrant economy and a healthy real estate market.

Thanks for sharing Scott!

Congrats BIll is it in Colorado? 

Way to use the 1031 to upgrade to a 8 plex!

Fred

@Anson Young thank you, look forward to meeting you and the rest of the group!

I'll be there, love listening to Brandon and Josh podcast,  learning a lot!