All Forum Posts by: Bryan G.

Hello Friends, I have a rental property in Big Bear CA and searching for ways to generate more online interest. The Property is hosted on VRBO, Homeaway and other sites. Can anyone recommend any marketing content they used to generate more online interest resulting in a higher occupancy rate.

Many thanks

Stay Prosperous.

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Agree. Don't want to over pay. Thanks for the suggestion.

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Looking to invest in a foreclosure property located in San Bernardino County - property needs about 10K worth of repairs to be rent ready. Ideally we want to offer 200K. Bank is firm at 220K. A 220K PP would yield a less than ideal annual ROR. You thoughts or suggestions on getting the bank to reduce PP from 220k to 200k. Below are the financials.

Many Thanks

		If PP=
		$ 220,000.00


Purchase Price		$ 220,000.00
Downpayment	$50,000
Interest Rate	4%


Term	360
Loan Amount		$ 170,000.00
LTV		77%
Monthly		$ 1,279.72
	Principal	$ 472.22
	Interest	$ 566.67
	Tax	$ 170.00
	Insurance	$ 70.83
	MIP	$ -

Net Rent After Mortgage		$ 1,436.94
Less Utilities, Trash	$(200.00)
Less Advertising	$(50.00)
Less PM Fee	$ (271.67)
Less Rental Tax	$(385.00)
Less Cleaning	$(100.00)
Total Rental Fees	$(1,006.67)
Net Cash Flow		$ 430.28
Less Distribution		$ (43.03)
Initial Outlay	$ 50,000.00
Rent Ready 1	$ 10,000.00
2nd Investor	$ (10,000.00)
Total Outlay	$ 50,000.00
Rate of Return Target	20%	16%
Annual ROR Amount	$ 10,000.00	$ 7,907.00
Over/under		$ (2,093.00)

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Much appreciated.

1 Vote

Bryan Here: Happy Selling. New to the sit- looking to gain knowledge and park money in real estate.

My Opening question:

The High Prices of California are killing any opportunity to get into a property.

With recent rising real estate prices in Los Angeles and even California, I am looking to gather more information on investing in Cleveland Ohio. I have some extra cash and looking for a multi unit near Case Western University. Any Insight?

Cheers,

Bryan

1 Vote

All Forum Posts by: Bryan G.

Bryan G. has started 3 posts and replied 5 times.

Post: Marketing Material for Vacation Rental

Post: Suggestions for Price reduction on Forclosed Property

Post: Suggestions for Price reduction on Forclosed Property

Post: The High CA Prices

Post: The High CA Prices