All Forum Posts by: Anthony Polcyn

Ishmeet,

I agree with some of the above comments.  Meet some active investors and invest in rehabs.  Your funds can be put in rehab deals with purchase and repairs under 70% of after market value.  Unsure what rate you are looking for, but from my experience you can easily make above 10% backed by a first mortgage with significant equity to back the deal.  I would pay 10+% all day long for private funds!

 They think the bed bugs migrated to their place. She has OCD and panic attacks. 

Roy

Land contract is a total separate piece of real estate--no bed bugs there!

I think the neighbors are ok for now.  She is going to be a thorn in my side with future tenants, I am sure.

Hi fellow investors. I am seeking advice about bed bugs. I have a SFR rental and my tenants moved out without notice and handed the neighbors the keys. They told them it has bedbugs (brought in by the tenants). The neighbors are going crazy and his wife has OCD and we are really having problems. After much research, many calls to Ohio Health Dept., my attorney, and many sites on bed bugs, I have offered to pay for treatment up to $800. I have no liability, but I am trying to keep the peace in the neighborhood and have an ally instead of a foe as a neighbor. I can get treated for $500, but they want their home heat treated. I offered to cover $800 out of potentially $1,200. Do you feel I have any obligation to assist and what would you do in a similar situation? Just trying to feel this out.

Also, I am purchasing a house and a mobile home on two side by side lots--no, this didn't discourage me from investing--and I am looking for a land contract in Ohio.   Does anyone have a form that they use? I will run it through an attorney before I use it. 

I appreciate any comments, suggestions, etc.   Hope no one else is experiencing these type of headaches!

We are investing in flips.  We buy, rehab, and sell in hot zip codes.  Our last project took three months and our investor made 10% cash on cash.   The annualized rate was 40%.  I can help you get started if you like.

Hi Ann,

I would advertise as a four bedroom. Anyone that needs three can live in four and have an office, storage, exercise room, etc. Anyone that needs 4 won't look at the three. It will give you more possible Tenants. It is up to you to screen and pick the best tenant whether it is a 3 or a 4 unit.  

best of luck, 

Anthony

Hi everyone! This is my first post! I have been investing part time for about 8 years and it is time to get off the fence! I have recently seen small multi-family units with excellent cash flow. I took some credit hits early in my investing career, and I also have 7 loans on the books which are limiting my ability to purchase new properties. Does anyone have any suggestions on how to pick up these properties? Some of these have a debt coverage ratio of 4%. I have heard that 2% is very good so these would be fantastic!
Any help would be appreciated!