All Forum Posts by: Gabriel F.

How is your journey been going? I am a new investor and I am interested in looking at West Palm Beach as well. 

I agree. My dad seems to follow this mentality. At some point they are correct but it is just by chance.  Like the old saying goes, even a clock is correct twice A-day. BTW Arron, I  enjoyed the 1 on 1 you did a  while back and I agree about reading and investing in your self with books first. 

Oh well, I cant get my pictures uploaded at the moment. I will try again later.

So I had a property popped up on me and then copy and pasted all the numbers but was missing a little information. I then went to the assessment website to get that information. When finish with the report it had a 4.5% Cash on cash and some other soft numbers.

Before leaving I wanted to see the whole tax history if paid or not and then it happened.......I found a huge mistake in the listing taxes by a factor of 7. Going back to the report and fixing the numbers reviled much better income and cash on cash.

I am really think this was the major factor in the property not selling very fast.

Any thoughts? I just put a huge guess in on the rehab cost of about 30k. How badly off do you thing I am?

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*This link comes directly from our calculators, based on information input by the member who posted.

@Niels Bjørn Toppenberg

I am going off of the Zillow estimate for the home. It is owned by the bank and has been on the market for a while.

Thanks for the ideas. I will give them a try.

My stepdad is living in Greenville, CA and he has had a very hard time keeping insurance due to the remote nature and fire danger of his investment property. He has used Lloyd's of London and was eventually canceled. I have been trying to brainstorm ways to get coverage that would let him AIRBNB the place. 4 homes on about 5 acres of very maintained forest.

Ideas?

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*This link comes directly from our calculators, based on information input by the member who posted.

Mistaken post

@Yazan Ayyash some people use a per door method and some people use the building. I have a low income property that per door wouldn't make the cut because I rent each room but the property has 8 doors and has been relatively cheap to maintain due to the area. To be honest, I really bought the property to fix a land issue that my other property had and didn't want the headache of trying to negotiate when I would loose.