Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Chris Randall

Chris Randall has started 4 posts and replied 22 times.

Post: "[$5,628 NET Pos. Cash-Flow.] Profitable *Rented* Duplex 4 Sale"

Chris RandallPosted
  • Madison, WI
  • Posts 23
  • Votes 4

Hands-Free Investment Property Comes WITH Renters! ONLY $45.5k!

[Terms Negotiable- we work with many different situations.]

Part of Private Investors Inventory. We are not realtors.

This is NOT listed on the MLS.

Hurry! May be sold in a bundle to large investor soon.

100% Managed for you. Just cash your check every month.

We send checks to our investors all over the world.

Renters in both upper and lower units now Paying $1,100 a month total.

(Investment Property ONLY not for living in yourself)

Multifamily duplex.

With both upper and lower rented out.

Rents Collected

Upper Unit $6,600

Lower Unit $6,600

10% vacancy rate

Total for year $11,880 (subtracting 10% management fee - optional)

Total without management fee:

$13,200

Expense Projection

Insurance $700

Water, sewer, garbage $1,500

Taxes $2,155

Repairs, snow and lawn care $1,500

Management $1,188 (optional)

total expenses

$7,043

Net Yearly Cash Flow

$4,837

Price is $45.5k

Zestimate value

$47,900

Square Feet:

1,655

Lot size

3,750

Bedrooms:

4

Bathrooms:

Will not last long... major investor putting together offer to buy most

of our inventory as we speak.

Get it before it's too late. First come first serve basis.

All reasonable offers reviewed.

Call or email for details now...

Chris

414-810-6747

[email protected]

PS- contact me for address and any other questions you may have.

Originally posted by @Jay Hinrichs:

Thanks Jay-

I'm still trying to get a pic up of the car.

Originally posted by @Jay Hinrichs:

Are these properties in Madison WI... sounds like an under the radar market...

 Yes Jay the are under the radar (don't tell anyone)

And No they are not in madison.

Originally posted by @Jon Holdman:

@Chris Randall  to post a picture, click on the picture icon above this text box.  It the third one from the right, like a couple of mountains.  

Yeah Ive done this many times in a few posts and it never works for me.

I have to do it twice for the link to even show up in the editor then when i click upload nothing happens. I'm using internet explorer maybe i should try chrome

@Troy Fisher

I enjoyed your picture so much I forgot to reply to the rest of your comment so her goes...

We have many properties like this.  We have a large investor putting together an offer for 65 as we speak but we are always buying and selling. When we do a big bundle we immediatley replenish our inventory.

We are always looking to help new investors with raising capital and reducing risk.

Many people want to become investors but there are so many risks involved and if they make a mistake they end up losing money and never try again.

If a new investor does not need to: find the property, fix the property and rent the property we have virtually eliminated all risk for them.

Most new investors buy a property "hoping" they did the numbers right.

But when they invest in a property that's already profitable they are hooked and buy more.

What they like the most is how we manage the properties for them, not only does this make it a hands-free investment but we also have a monetary interest in making sure the property always has a tennant.

So the numbers you are looking at are not a fluke, almost all of our properties look the same on paper.

Originally posted by @Troy Fisher:

So.... 50k deals with a $500/mo cashflow: 12% COC assuming an all cash buy. With consistent deals like that I'm surprised that you need new investors. If I had someone bringing those to me I know they'd not need to resort to gimmicks to attract new investors.

P.S. 

I hope it's not this one:

Troy That's Awesome!

How did you find a picture of my giveaway?

I've been trying to figure out how to post a picture but it's just not working for me.

I literally laughed out loud. (I refuse to use the acronym btw.)

Originally posted by @Bill Fennelly:

An investor can likely buy his/her own Porsche and probably would think your "attention getter" is a turn off...just my opinion !

Thanks Bill-

They might think that but I think they are more interested in the numbers than whether or not they are turned off... but we will see.

Originally posted by @Ron Drake:

@Chris Randall    2005 Porsche Carrera GT...I'm in :thumbsup:

You wish! Actually I wish but I don't think I would give that away if I had it.

I've tried to post a pic many times but it's not working.

I'm not sure if you need to be a pro member to do that but i wouldn't think so...

Thanks @Dmitriy Fomichenko

I appreciate the help and my first vote!

Originally posted by @Jon Holdman:

With a Pro or Plus account you can post advertising in the Marketplace.

Thanks Jon-

So that must be the only place I assume?