Do you plan to keep this property & rent it out or flip it?
-
Rent it
Flip it
How much money do you plan on spending repairing the property?
How many months will it take you to make the repairs?
How many months do you think it will take you to rent the property after any repairs are made?
Once the property is complete, how much do you think it would rent for each month?
How much are the yearly real estate taxes?
How much do you think the insurance will be?
What is the average vacancy rate in the area?
recommended vacancy rate of 5%-25% depending on the property type & location
Which of the following items is the landlord responsible for?
Gas?
No
Yes
How much does gas cost per month?
Electric?
No
Yes
How much does electric cost per month?
Electric (common areas)
No
Yes
How much does electric (common areas) cost per month?
Water?
No
Yes
How much does water cost per month?
Sewer?
No
Yes
How much does has sewer per month?
Snow Removal?
No
Yes
How much does snow removal cost per month?
Landscaping?
No
Yes
How much does landscaping cost per month?
Trash Removal?
No
Yes
How much does trash removal cost per month?
Will you be using a rental management company, if so, what do they charge per month?
Maintenance & Repairs
Net Monthly Rent
Capitalization Rate Desired
The most you should pay for the property:
How much money do you plan on spending repairing the property?
How many months will it take you to make the repairs?
How many months will it take you to sell the property after any repairs are made?
Once the property is complete, how much do you think it will sell for?
How much are the yearly real estate taxes?
How much do you think the insurance will be?
Where is the property?
-
Philadelphia
Outside Philadelphia
In order to buy the property with no money down & no mortgage payments, you should pay:
Your estimated profit will be
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What interest rate are you paying for the loan?
What is the total fees you are paying on the loan?
In order to buy the property with no money down & no mortgage payments, you should pay:
Your estimated profit will be