All Forum Posts by: Timothy Gregoire
Timothy Gregoire has started 1 posts and replied 3 times.
Post: Florida The Villages
- Taunton, MA
- Posts 3
- Votes 1
Just spent a week there, from what I understand the Villages has a 80/20 ratio of 55+/55 and below. If they are at 20% then you cannot invest if below 55 years of age, if there is a lower percentage at the time, you can invest.
Post: New member from the North Dakota Bakken!
- Taunton, MA
- Posts 3
- Votes 1
Originally posted by Chuck Catchings:
Which areas are you looking? I am in West Texas and the market here is hot! I am also looking to purchase my first investment property, what don't I know? And how can I best prepare myself for this market in San Angelo?
Thanks Tim
Post: Duplex Analysis
- Taunton, MA
- Posts 3
- Votes 1
Property specifics:
List Price 225,000
25k down
Financing 200k @ 4.5% 30yr fixed
2x 3Br 1Ba
Rent 1300 (both currently rented)
Rental Income (Annual) 31,200
Vacancy -2%
Total operating expenses 8500 (Taxes, Insurance, property mgmt.)
NOI 22 ,700
CAP rate 10%
Cashflow Assets 5%
Cashflow Initial Investment 44%
LTV 89%
What am I missing?
Is this a deal or no deal?