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re: Rental Property Investment

Posted on 6/27/15 at 4:55 am to
Posted by desitiger
Monroe, LA
Member since Mar 2004
1256 posts
Posted on 6/27/15 at 4:55 am to
Would appreciate the spreadsheet as well if you are still sharing. dallastxtiger@yahoo.com. TIA
Posted by man117
Los Angeles
Member since Jul 2009
674 posts
Posted on 6/28/15 at 8:00 am to
I would like it also Bama dirkisbeast1@gmail.com
Posted by Azazello
Member since Sep 2011
3183 posts
Posted on 7/1/15 at 3:56 pm to
Bump for spreadsheet

azazello996@gmail.com

TIA
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 7/1/15 at 5:11 pm to
tdgeeoh@hotmail.com
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
31082 posts
Posted on 7/1/15 at 5:14 pm to
<<<<<<<< @excite.com

wpbtiger at excite dot com
Posted by Huntinguy
Member since Mar 2011
1752 posts
Posted on 7/1/15 at 5:40 pm to
bump, I'd like to look at it as well.

This post was edited on 7/20/16 at 12:49 pm
Posted by SanFranTiger
Dallas, TX
Member since Sep 2003
4899 posts
Posted on 7/2/15 at 7:02 pm to
I am surprised you rent to people with bad credit...seems risky. Do you require more of a deposit?

I've been very lucky, but maybe the price and location does my screening for me.
Posted by theoldwiseone33
University of Louisiana
Member since May 2012
493 posts
Posted on 7/4/15 at 8:14 am to
I recommend bigger pockets forums for learning. Better than any single book out there. Land lording on autopilot is a great read if you want a book or the millionaire real estate investor.

The houses I own are in the sweet spot of $100k-$150k. I want higher end tenants. It's worked out really well so far. They pay online and its direct deposit in my bank account. Rentshare.com is the best pay online website I've found.
Posted by zeebo
Hammond
Member since Jan 2008
5195 posts
Posted on 7/4/15 at 5:29 pm to
Patrickwalshdunn@gmIl.com
Thank you for sharing!!
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33978 posts
Posted on 7/4/15 at 10:06 pm to
canjunq@gmail.com

Thanks!
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20530 posts
Posted on 7/5/15 at 5:19 pm to
I'd appreciate a copy of the spreadsheet, as well.

mojomonkey42@yahoo.com

Thanks.
Posted by jglass3lsu
Member since Jan 2007
882 posts
Posted on 7/6/15 at 7:50 am to
jglass3lsu@yahoo.com for the spreadsheet. Thank you!
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 7/6/15 at 9:05 am to
td.cidcock@gmail.com

thanks bama!
Posted by ItzMe1972
Member since Dec 2013
9803 posts
Posted on 7/6/15 at 9:10 am to
Hey Guys. Download your own spreadsheet, the 10 year analysis. Other spreadsheets available.

I have used the 10 year analysis for many years.

LINK /
Posted by D.B.Cooper
Member since Nov 2012
220 posts
Posted on 7/15/15 at 8:21 pm to
bumped for spreadsheet

TIA Bama
Email is danthemancooper19@gmail.com
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/15/15 at 8:51 pm to
DB Cooper.

Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 7/16/15 at 1:44 am to
quote:

Rent for no less than 2% of purchase price

I'm sure he doesn't want his property to sit vacant.
Posted by Big Scrub TX
Member since Dec 2013
33438 posts
Posted on 7/16/15 at 1:21 pm to
quote:

I'd appreciate any insight you can provide


I base almost everything off of the cashflows. I won't do one that has negative cashflow...unless I'm absolutely convinced it's a distressed purchase with significant appreciation potential.

I assume:

- the low end of expected rent and with no rental growth over time
- the high end of expected vacancy (e.g. 1.5 months/year)
- the high end of maintenance (at least 1% of property value per year)
-the high end of required cap ex upon exit
- paying a full boat of property management expenses (8% of gross rents)
- a full boat of real estate agency fees upon exit

IF after going through all of that I find that my realized cash yield is at least 8%, then I look to proceed with the purchase.

I find that with markets as recovered as they have been since the crisis, it's hard to find houses that meet these parameters any longer.
Posted by JL
Member since Aug 2006
3041 posts
Posted on 7/16/15 at 1:45 pm to
jltigerdroppings@gmail.com

If someone doesn't mind sharing. Thanks in advance.
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 7/16/15 at 2:42 pm to
bobaftt1212@hotmail.com if someone will share?
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