All Forum Posts by: William Robinson
William Robinson has started 4 posts and replied 5 times.
Post: Opinions sought on my first duplex deal
- Wayne, MI
- Posts 5
- Votes 1
Greetings Bigger Pockets family. I am a first-time investor, looking to purchase a duplex. I used the Bigger Pockets analysis tool to analyze a potential deal and I wanted to get the community's opinion before I made an offer.
The deal
Purchase price: $150,000
Monthly cash flow: $176.64
Monthly expenses: $1,523.36
Cash on cash ROI: 105.99%
Purchase cap rate: 7.06%
Down payment: $0
These calculations include 2% for vacancy and 2% for repairs. The property is appraised at $189,000, so I will be entering with equity. I will be house hacking this property as well. Any feedback would be so greatly appreciated.
Post: Buy & Hold property analysis opinion
- Wayne, MI
- Posts 5
- Votes 1
Greetings Bigger Pockets family. I am a first-time investor, looking to purchase a duplex. I used the Bigger Pockets analysis tool to analyze a potential deal and I wanted to get the community's opinion before I made an offer.
The deal
Purchase price: $150,000
Monthly cash flow: $176.64
Monthly expenses: $1,523.36
Cash on cash ROI: 105.99%
Purchase cap rate: 7.06%
Down payment: $0
These calculations include 2% for vacancy and 2% for repairs. The property is appraised at $189,000, so I will be entering with equity. I will be house hacking this property as well. Any feedback would be so greatly appreciated.
Quick question for the investors in the group. I am a first-time home buyer/investor who will be house hacking my first property. While analyzing potential multi-family units, how much monthly cash flow should I be looking for while house hacking to determine a good deal?
Post: New real estate agent in Michigan looking for guidance
- Wayne, MI
- Posts 5
- Votes 1
Post: New real estate agent in Michigan looking for guidance
- Wayne, MI
- Posts 5
- Votes 1