All Forum Posts by: Danyal L.

I’d like to know where & how to purchase the homes for wholesale ? There is no auction for non bank buyers and the prices of homes on mls are too high for any type of profit ..

I agree with @Account Closed Just continue to learn the market here in Florida. You will find something. 

Has anyone experienced the foreclosure sales in Brevard County FL (Titusville, FL)? 

I am new to the town and wanted to know how it went and where does the bidding start and if anyone thought they had some pretty good deals? 

I have been trying to find a foreclosure attorney to help out but no response.

hi 

I'll be moving to Melbourne soon and looking for a realtor who may have some good deals on Possible SFR rentals and AirBNB rentals.. I am slowly understanding the market in this county.

thanks all ! 

@Brian Karlow typical expense . I have listed NOI. It's all captured in there

@brent your right. I'm thinking I could sell it for $175,000 after I place tenants in there..

WHat is considered "North City"? I am confused. There is North County and North City ?

Hi Community! 

Disclaimer: This is my 1st Question. Don't hit me too hard. ha

I am purchasing my 1st 8 Unit Apartment building that is is 2 bedroom and 1 bath each in St. Louis County. It is considered a C- area. My goal is to hold for 5-10 years then flip it. Also, the property only has 1 unit occupied due to no property management and the seller just old and got tired of dealing with it for the past 22 years. The area is not a booming area but it is close to schools and lots of shops. Please see the Specs below

Purchase Price: $100K

NOI: $21,800

Before Tax Cash Flow: $15,500

After Tax Cash Flow: $14,100

Future Selling Price: $255,000

Cost of Rehab: $30K

Money Down (D/P): $20,000

Potential Rent: $525-$650

Current Renters: $500

This is my 1st mulit unit/apartment building. I am a little scared as i don't want to fail. All feedback is very appreciated!

@Peter 

@Peter MacKercher Thankyou for the info! Can you explain a little bit about why you feel St.Louis is a more complex market? I also saw that you are the organizer for the meet up group for mentoring. I signed up for the one your hosting in October. See ya soon !