All Forum Posts by: Tyler Garza
Tyler Garza has started 4 posts and replied 35 times.
Quote from @Jason Dillard:
What's the seller's favorite ice cream flavor?
Little bit of pistachio to bring down that selling price?
A lot of great info and appreciate your analysis.
I am just getting started out and have a rough idea of how to work through these numbers and so I wanted to throw this out there to see how far off I was.
I haven't gotten any numbers on financing this so I assumed a lot. How can you semi accurately predict what your mortgage payment will be? I also note that 75% LTV is standard. My pre conceived notion was that 80 was sufficient
@Walter Bowser Done
I got CF by NOI - Mortgage = CF , Mortgage is 240k @ 7% = 16,800/yr
What do you recommend to allocate for vacancy and op expenses?
Deal :
Duplex Home
2 beds / unit
2 baths / unit
3,000 sqft
Asking 300k
60k down
Est rent/yr - 31,200
5% Vacancy
20% Op Expense
Mortgage 240k assuming 7%
Results:
CF - 6,600
Cocr - 11%
Cap - 8%
Looking at this for a buy and hold and trying to determine if I am analyzing this right
Post: Analyzing properties to determine market value
- Posts 35
- Votes 19
Quote from @Kishan Purohit:
Estimating ARV accurately is key to making the BRRRR method work. Look at comparable sales within the last 3-6 months, using properties similar in location, size, and renovation level. The 70% rule is a good starting point, but also factor in local market trends and high-ROI upgrades like kitchen and bathroom updates, modern flooring, and curb appeal. Need help analyzing a deal? DM me, and I'll point you in the right direction!
All the best!
Thank you for your response! Ok, so kitchen and bathroom updates.
Would you be willing to explain the 70% rule in layman's terms?
Post: Analyzing properties to determine market value
- Posts 35
- Votes 19
Thank you for the insight!
Post: Analyzing properties to determine market value
- Posts 35
- Votes 19
Quote from @Account Closed:
Thank you for posting this. I'm new to investing myself, working towards my first small multifamily in northern Arizona. I look forward to reading the responses from experienced investors here, and I wish you the very best Sir!
Thank you! Same to you!
Post: Analyzing properties to determine market value
- Posts 35
- Votes 19
Quote from @Nicholas L.:
comps. comps are what determine ARV.
and for a BRRRR to work you need a fairly distressed property. usually off market, not on.
Sorry what are comps