All Forum Posts by: Vanessa Carvajal
Vanessa Carvajal has started 8 posts and replied 30 times.
Post: Looking into buying either a duplex, triplex or fourplex
- Posts 30
- Votes 2
@Twana Rasoul I've read that multifamily homes up to four units qualify for FHA loans but i will look more into it to make sure.
Thanks!
Post: Looking into buying either a duplex, triplex or fourplex
- Posts 30
- Votes 2
@Charles Carillo This will be my first time buying a property period. I do understand there are pros and cons to both but what will be my best option to buy my very first rental property.
Thank you!
Post: Looking into buying either a duplex, triplex or fourplex
- Posts 30
- Votes 2
I have been reading on house hacking and how to be able to buy it with different mortgage options. I read from different sources and here that the best option will be to buy it using an FHA loan. I talked to a realtor agent today about what I'm looking for and my plans on how to get them, I was told by my agent that an conventional loan will be better than an FHA loan. I am confused by this because many sources say that FHA will be best but I want to ask someone here because I want to make sure I am doing the right thing but also don't want to ignore an advise from someone who already works on real estate. Can someone please help me clear my doubts. Thank you!
Post: [Calc Review] Help me analyze this deal
- Posts 30
- Votes 2
*This link comes directly from our calculators, based on information input by the member who posted.
Help please! Even when I thought this will be a good investment, according to my calculations and the calculator is not. I am always on the negative no matter what. Cab someone please help me.
Thanks,
Vanessa
Post: [Calc Review] Help me analyze this deal
- Posts 30
- Votes 2
Originally posted by @Jaysen Medhurst:
@Vanessa Carvajal, HOA is killing your deals. You're just at the 1% rule, so there's no margin for the additional expense. You need rents closer to $1800 for this to work
BTW: I'd bump vacancy to 8% and repairs/CapEx to 15% combined.
I see. I will try to find properties without HOA fees. I will also follow your advice about the vacancy and the repairs/CapEx. I really appreciate you taking the time to look over my analysis and your feedback. Thanks!
Post: [Calc Review] Help me analyze this deal
- Posts 30
- Votes 2
Originally posted by @Jaysen Medhurst:
@Vanessa Carvajal, HOA is killing your deals. You're just at the 1% rule, so there's no margin for the additional expense. You need rents closer to $1800 for this to work
BTW: I'd bump vacancy to 8% and repairs/CapEx to 15% combined.
Post: Help with analyzing properties.
- Posts 30
- Votes 2
@Jacob Sampson
I see but what do I do meanwhile. I need to start generating passive income so when that opportunity comes then I have the money to invest in more properties. Any suggestions?
Thanks,
Vanessa
Post: [Calc Review] Help me analyze this deal
- Posts 30
- Votes 2
*This link comes directly from our calculators, based on information input by the member who posted. What am i doing wrong every property I have analyzed looks like a bad deal, it's always on the negative. Help please!
Post: Help with analyzing properties.
- Posts 30
- Votes 2
Florida.
Post: Help with analyzing properties.
- Posts 30
- Votes 2
Hello everyone! I am new to bigger pockets and new to real estate investment. I am using the rental properties calculators to hep me analyze a good deal, but I don't seem to find any good deals at all. Am I doing something wrong. I have been using almost the same numbers Brandon uses for vacancy rate, management etc. but I do not seem to find any properties that give me at least $100 monthly cash flow or at least 10% cash on cash ROI no matter how many times I change the asking price of the properties I am analyzing. Can someone help me or give pointers or let me know what am I doing wrong?
Thank you!
Vanessa