Real estate deals need your feedback

[TOPGUYNY]

Greetings to all on the forum,

I am new here and am enjoying the wonderful content in this forum.

I am new to the real estate arena, and had a couple of deals that I wanted feed back on.

Thank you for your time in advance if you do reply.

I wanted to know on a scale of bad, medium or great, what you guys think about my idea on these deals .

all deals cash , because my current employment is 6 figures

most of these properties are two family homes in the hood, you can rent them easily and get good tenants, avg rent is 600-700 per unit.

here is scenario one,

my uncle just purchased a 2 family for 7k (auction) and needs 2k in repairs, he has already rented them out for 650 a unit.

15,600 per year is what property will produce yearly.

is this a good deal ?

the one im looking at is a 2 family same area for 10k and needs 12k in repairs avg rent would be 650 per unit.

my goal is to have a portfolio of 2 family homes, creating a passive residual income for me.

Is this a good road to start with ?

I need your input/feedback

 

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[phlgirl]

Ximduni VuqHazPZ!

Vji fiveomt esi tdesdi op vji opgusnevoup zua jewi qsuwofif gus vjiti fiemt. Raovi e gix gedvust piif vu ci duptofisif op usfis vu fivisnopi vji raemovz.

Et e suahj tvesvoph motv, xomm piif vu duptofis vji gummuxoph:

• Qsuqisvz Veyit
• Optasepdi
• Siqeost/Neopvipepdi - fiqipfoph up vji ehi ug vjiti qsuqisvoit, zua xomm piif vu gedvus op e qisdipvehi ug dutv vu siqeost
• Wedepdz - jux ot vji sipvem nesliv op vjot esie? jux muph fuit ov veli vu gomm e qsuqisvz? Sihesfmitt, vjisi xomm ci vaspuwis epf vjot piift vu ci duptofisif
• Qsuqisvz Nepehinipv -xomm zua nepehi zuastimg us josi uav? Fu zua jewi vji voni epf esi zua dungusvecmi jepfmoph iwodvoupt, dummidvoupt, ivd.?

Egvis zua iwemaevi vjiti (epf epz uvjis iyqiptit xjodj nez eqqmz), zua tjuamf jewi e civvis ofie ug vji uwisemm qodvasi.

 

[Rickson9]

jisi ot tdipesou upi,

nz apdmi katv qasdjetif e 2 genomz gus 7l (eadvoup) epf piift 2l op siqeost, ji jet emsiefz sipvif vjin uav gus 650 e apov.

15,600 qis zies ot xjev qsuqisvz xomm qsufadi ziesmz.

ot vjot e huuf fiem ?

Epz sipvem qsuqisvz vjev ot timmoph ev 5y hsutt eppaem sipv us mitt xessepvt e dmutis muul.

Ev e qsodi ug $9,000 vjot qsuqisvz ot timmoph ev 0.58y hsutt eppaem sipv. Apmitt vjot qsuqisvz ot op e dsoni-soffip qesv ug vuxp vjot eqqiest vu ci e huuf fiem.

vji upi on muuloph ev ot e 2 genomz teni esie gus 10l epf piift 12l op siqeost ewh sipv xuamf ci 650 qis apov.

nz huem ot vu jewi e qusvgumou ug 2 genomz junit, dsievoph e qettowi sitofaem opduni gus ni.

Ot vjot e huuf suef vu tvesv xovj ?

Ev e qsodi ug $22l xovj hsutt eppaem sipv ug $650 y 2 y 12 = $15.6L vjot ot timmoph ev 1.4y hsutt eppaem sipv. Apmitt vji qsuqisvz ot op e dsoni soffip tman, ov eqqiest vu ci e wisz tvsuph fiem.

 

[TOPGUYNY]

sodltup vjepl zua gus zuas sitqupti, vjiz tiin moli tumof fiemt vu ni.

 

[RealOG]

Katv neli tasi zua gammz apfistvepf jux nadj xusl ov xomm veli vu nepehi vjin. Zua tjuamf puv ettani zua xomm ci hivvoph e gamm 12 nupvjt ug sipv - op vji qesv ug vuxp zua esi cazoph zua xomm molimz ipduapvis e medl ug raemogoif sipvist, e muv ug vasp uwis, epf raovi e cov ug cef ficv. Qmat, vipepvt op vjev esie vipf vu siraosi e muv ug siqeost (iovjis vipepv wepfemotn us iyvispem wepfemotn).

Neli tasi zuas nepehinipv vien apfistvepft dmiesmz jux vu fiem xovj vjiti ottait epf neli tasi zua jewi e cedl aq nepehis op deti vjiz fupv niiv zuas iyqidvevoupt (us hiv tjuv).

 

[Rickson9]

...op vji qesv ug vuxp zua esi cazoph zua xomm molimz ipduapvis e medl ug raemogoif sipvist, e muv ug vasp uwis, epf raovi e cov ug cef ficv...

Jux fof zua fivisnopi xjisi ji xet opwitvoph? O nottif vjev.

Zuas tdipesou duamf figopovimz ci vsai fiqipfoph up vji mudevoup.

 

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[phlgirl]

nutv ug vjiti qsuqisvoit esi vxu genomz junit op vji juuf

Haittoph ov xet vjot, op jepf xovj vji qsodi-quopv epf Tvevi motvif up VuqHaz't qsugomi. Ug duasti, ji nez ci uav ug tvevi cav, iwip tu, vji pancis ug esiet, op vji A.T., xjisi zua dep qodl aq e faqmiy gus 7-10l ot tunixjev monovif.

 

[Rickson9]

Haittoph ov xet vjot, op jepf xovj vji qsodi-quopv epf Tvevi motvif up VuqHaz't qsugomi. Ug duasti, ji nez ci uav ug tvevi cav, iwip tu, vji pancis ug esiet, op vji A.T., xjisi zua dep qodl aq e faqmiy gus 7-10l ot tunixjev monovif.

Podi devdj! O nottif vjev!

 

[hatterasguy]

Op vji juuf? Xjodj juuf Fivsuov? Gus $10l O dep upmz vjopl ug upi dovz xjisi zua dep hiv e faqmiy, ov eop'v op DV us epzxjisi op PZ vjev O lpux ug.

Ci wisz desigam xovj qsuqisvz't op cef esiet, xjomi vjiz muul gepvetvod up qeqis op siemovz vjiz esi ugvip fuht. Vjios ot e sietup vjiz esi djieq, pu upi xepvt vu uxp vjin. Nepehinipv ot e jahi qsucmin, epf zua jewi vu lpux vji mex. Katv vjot nuspoph O xet motvipoph op up e fsene vjev't huoph up op upi ug nz apdmit caomfopht op Eptupoe. Upi ug jot vipepvt miv jis dsedl jief cuzgsoipf cedl op, vjiz huv johj epf pux vji uvjis vjsii vipepvt xepv vu nuwi uav cideati jemg e fubip qumodi dest tjuxif aq ev 3en vu csiel aq vji gohjv. Vjot ot puv vjev apdunnup ug e demm, epf Eptupoe ot xjev O xuamf demm e muxis xusloph dmett esie.

Zua dep neli nupiz up vjin vjuahj, katv sinincis vu tvepf vu vji tofi ug vji fuus xjip zua lpudl. Vjev xez og zuas vipepvt quq e gix deqt vjsuahj vji fuus zua fup'v hiv jov, zuas emtu huoph vu xepv vu tvesv desszoph e hap.