All Forum Posts by: Eric Partin

Brick Multi­plex 6 Units: 4 (1 Bed/ 1 Bath), 2 (Studio/ 1 Bath) 4680 sqft, built 1940 Closing date: 30 days

*Needs Rehab. **Owner pays Water, Yard Maintenance, Snow removal

Rehab: $60,000
Carrying Costs: $1,000
Closing Costs: $2,000
Total Turnkey Price: $216,000

ARV: $220,000

Your Price: $153,000

Rental Projections

Rent: $3300 Taxes: $527 Insurance: 220 Maintenance:$165 Management: $264 Vacancy: $165 Lawn/Snow: $180 Water:$190

Net: $1589

Monthly x 12= $19,070 Strictly COCR 9.39%

Call or Text: 206-954-9292

Ryan, absolutely the questions could become endless. With a warrantied repair, does that tamper the fears, in your experience?  In this area everyone has basements, my first time living an area without slab. 

Next one is this Thursday, 30 June, same location and time. Meghan are you going? 

Ryan, thanks. It has us concerned, reinforcing with support beams would be fine and should sell without a problem, this is from GC and realtor though. Will bring up with locals at next meet up. Thanks for your feedback. 

We found a great little property Ina good part of town. Mainly cosmetics thought out the main area of the house, but the foundation has shifted. 3 walls are caved due to the soil and drainage. While there are repairs to anchor or cross beam support. Looking for recommendations. Getting an estimate tomorrow.

hey, just looking for any recommendations for general contractors in the Quad cities area (rock island, Davenport, moline, Bettendorf). Any recommendations for a reputable source is appreciated, thanks.

Hey BP community,

Just found this site through searching and I'm excited. Relatively new to the Davenport, Iowa market. Just moved here with the service, but ready to learn. i have a few rentals, but looking to flip houses with some friends of mine. I am attending the next meet up for RE investors in the area, any local investors on here?  Looking to purchase from a seasoned investor who could mentor us as we get going. Expected to learn, and develop as we grow through this process. Any leads or assistance would be appreciated. Thanks

Eric