All Forum Posts by: Devan Mcclish

Hello all Bowling Green Investors!

I am seeking a 2-4 family property in Bowling Green KY. Really want owner financed or sub 2 purchase if possible! Let me know if you have anything!

@Leland S. sounds good man. I get on here every now and then. I am building 3 businesses right now so I only get on here when I can!

Sell. Put your money into apartments vs. townhomes. If it doesn't cash flow and you don't have a huge tax liability to shelter over the next couple of years, sell it and produce income to do something else with

Hey John I would love to help, just reach out to me!

sending you a message!

Hey @Timothy Paul R.! I would love to chat if you're interested. I run Olympus Property Management in Nashville. We are 8% plus a month fee however, so that might end up costing more than you want to spend, but if not, just reach out! 

@Tim Bergstrom I wouldn't foreclose yet, but they are in default. For you as a lender, I would renegotiate the deal. Add in points, change the interest rate to higher, have them start making monthly payments and modify the promissory note. He in return doesn't get foreclosed on for the next couple of months

Horrible idea especially right now. Arbitrage companies are getting murdered with the lockdowns, mask mandates, etc. and there is no end in site. Get stuck in a lease where there is no plan B and you are screwed if you do not have the capital to float the lease payments. I know guys paying 50K a month and more with no way out. They tried negotiating out of their leases and landlords won't let them. The risk is wayyyy to high for arbitrage right now. Sure, several companies did well the past few years but their gains are being erased overnight. Not to mention the ever changing laws around STRs all over the country. Let's say a city changes the law of what is permitted and you are stuck in a lease, now what? I think investors, especially new ones, need to seek opportunities with multiple exits and low risk. This is not that

@Adam Philpot Just quick math, It would take 12 years to get that amount of money in rent pre tax. Pre tax, your ROE is 8.4%, which is not bad, but that will go down year over year. Personally I would probably sell and take the equity and move on but either option seems to be a fine option for you

To be honest I would call a plumber. We use star plumbing. Hiller is also great for diagnostic purposes for $69. Also, let me know if you need property management!