All Forum Posts by: Matt Storey

Functional coffee company Javalution ( JCOF) . It is a pink sheet stock (very risky) with a huge upside. Due diligence shows a healthy company with unlimited potential. Who wouldn't drink coffee that helps you lose weight.( Javafit)

I would also like to ask how one could comment on 4% vacancy rate being unrealisticly low without even knowing the area in question. with all respect

I understand the 50% rule is used for quick analysis of cash flow. However I am at a point with this property that I know the expenses and my calculations haves property cash flow a little over $300 a month, this is $100 a door. Isn't that another rule of thumb to go by?

vacancy rate of 4% taken from appraisal done last week

I will be living in one unit, yes. My first home.

Forgot to mention I only intend to buy and hold. Not sure if that makes a difference.

I was hoping to get as much input as possible on my first deal

reo
purchase price- 300k
down payment- $10,500
fha owner occupied 3 unit
$1050 a unit gross rent
$2650- p.i.t.i,
vacancy rate- 4%
low maintenance, built in 2000, tenant paid utilites
estimated value after minor repairs- 360k-400k based on comps

any comments on this deal would be greatly appreciated
thanks