All Forum Posts by: Tyler Von Harz

Thank you guys. I can definitely see what you're trying to get across. I do see the risk from low cash flow and I'm leaning towards thinking repairs and cap ex shouldn't be much of a problem for at least a while. The roof, hardwood flooring, windows, gas fireplace, and water heater are all new as of late 2014.

The best thing I think, is that I have a closer working relationship with the owner already as he is my landlord who is retiring, and I have been renting this place from him for the past year, so I definitely know it pretty well. I think I got a good deal on it at $950 per month originally and most rentals move pretty quickly around here. So I'm confident I can get it rented fairly easily.

So I've got a deal on my hands and I would love to get some opinions from some more experienced investors.

3 Br 1B in private community. I've estimated the ARV at $60-$70k from properties in the neighborhood. (Every property nearby is extremely similar).

Built in 1969. Needs nothing besides maybe some repainting and cleaning up. Very recently went through a full rehab.

Rents for $950-$1050. Decent area. Lots of woods. Quiet streets. 

Owner willing to finance with nothing down. $55,000 at 4.2% interest over 12 years. Monthly payment of about $487.

Taxes and HOA fees run $1,800. Insurance $1,200. Putting aside 10% for maintenance/repairs, and assuming 5% vacancy.

I would be self managing because it is close to me, a very safe neighborhood, gated community with a lot of amenities, and security patrolling, etc. so I would be comfortable with it.

I figured it looks like a good deal but cash flow is a little tight. What are your thoughts?

Welcome @Kristopher Brown you'll find a wealth of info on biggerpockets, and its great to have you. I'm a realtor working on the other side of the state near the lehigh valley, but I'd love to help out in any way.

Welcome to BiggerPockets @Thomas N DowlingI'm originally from Kunkletown myself. Best of luck to you!

Welcome to Biggerpockets @Dan Dunmireyou'll find plenty of helpful people on here. I'm a realtor in the Northeast PA area. If you'd ever like to work together, or just chat, feel free to reach out!

Welcome to BiggerPockets! Great to have you. I'm a realtor working in the Lehigh Valley area. If you'd like to connect, feel free to reach out, I'd love to chat.

Welcome @Jay Cahillto Biggerpockets! If you ever need help, you'll find it on here. I work in NE PA myself. 

Welcome to Bigger Pockets! @Scott C.Definitely read through the forums. You'll find PLENTY of helpful people on here if you should ever have questions.

I can relate! I was 19 when I first got started (20 now) and I just bought one of the cheapest, easiest looking properties I could find just to learn the process and any lessons that might come from it. Being that I also don't have a ton of start-up capital, I figured another great way to learn is to become a realtor, this way I can work and learn in the field without putting money into properties and I can also make a little money at the same time. So far so good! Just my two cents.

@Ronnell G. Welcome! You'll find no shortage of helpful people on Bigger pockets thats for sure. I'm a realtor in northeast pa/lehigh valley area and am just getting started investing myself. I'm always happy to chat, best of luck!