All Forum Posts by: Duke Nguyen

Bundle Properties For Sale – Muncie, IN

Interested in growing your Real Estate Portfolio?

• Bundle of 5 properties (4 SFR + 1 Duplex)
• Currently all rented
• Continuous maintenance 
• Property management company currently in place but it's up to you to keep it or manage by yourself to increase the NOI.

ASKING PRICE: $127,000

Annual Gross Income : $37,812

Annual Taxes : $2,933.00

Insurance : $2,746.00

Property Management : $3,781.00

Net Operating Income (NOI) : $28,352.00

CAP RATE : 22%

Interested in growing your Real Estate Portfolio?

Centrally located neighbourhood, this spacious 4 bedrooms 2 bath – 1,644 sq.ft. newly renovated home has plenty of room for entertaining! Everything from a large living space to family area with fireplace! Renovations from top to bottom include A/C, new kitchen, baths, paint, flooring etc. Darling backyard with an area that could be turned into beautiful patio entertainment area! Zoning is CCG-2 and currently is used as residential.

ASKING PRICE: $134,900

Annual Gross Income : $13,200

Annual Taxes : $828

Insurance : $720

Net Operating Income (NOI) : $11,652

CAP RATE : 8.64%

Looking to grow your real estate portfolio?

- This bundle of 5 properties (4 SFR + 1 Duplex) would be a great addition
- They are all currently rented
- Maintenance and repairs done on the properties in the previous year, they are in good rentable conditions.

ASKING PRICE: $129,000
Annual Gross Income : $37,752
Annual Taxes : $2,930.00
Insurance : $2,180.00
Property Management : $3,775.00
Net Operating Income (NOI) : $28,867.00
CAP RATE : 22.38%

SELLER FINANCING AVAILABLE

Hey Yehonatan, can you please send me some info (address, pictures, comps) to [email protected]?  

Thanks!

Hey Marc, is this property still available?

@Rachel H. Thanks for the advice.  We will definitely proceed with filing a complaint.

Thanks for your responses gentlemen.

@Bob B. You are absolutely right. We paid the contractor and never heard back from him.  We learn from our lessons.  Next time, our property manager will check the work done before we send the last payment.

@Aaron McGinnis That's right, the drain pipes were not installed properly.  Nothing on the contract about the warranty.  Thanks for your advice on secretary of state, I will check that.

Hi all,

We have a situation with a licensed contractor that we hired to rehab one of our property and I would like to have your opinion.  

Although the project was planned to be 2 weeks time, it took him about 5 weeks to do the job and we had to call him several times before he actually called us back.  Among the things to do, the pipes needed to be changed which he did.  BUT, he installed them backwards so the water in the property is not flowing as it should.  Now the new tenants are complaining and we should take immediate action.  However, we called the contractor who has done the job several times but he did not respond nor returned our calls.  We will need to call a plumber to fix that.

What are the options from a legal standpoint against this contractor?

Please let me know your thoughts.

Thanks in advance.

Thanks for your additional comments! 

Thanks guys for your input. It's appreciated.  

I will check what the law says in the state the property is in.