All Forum Posts by: John Frank

@Drew Sygit

Thank you!

@Alex L.

That’s what I guess I’m getting at. That is gross profit. Once you start adding in office rent, supplies, utility expenses, insurance, taxes, etc. I don’t see how you would even turn a profit. Thanks for the feedback!

Is it possible to make money owning your own Property Management Company? I ran some numbers for my local area and it doesn’t seem profitable. Looking at 100 properties at average rent of $650/unit and a 10% management fee that’s only $65,000/year before expenses. Once you hire administrative help that cuts the profit by 1/2. Just wondering what I am missing.

@Adam Zach. Structural Engineering Degree with 20 years in the Heavy/Highway Construction business.

I need to cancel. I got tied up in Pittsburgh and will not be able to make the meeting. Sorry for any inconvenience.  

We are looking to buy a vacation home in Orlando near Disney. The problem that we are having is figuring out how to finance these types of properties. The most recent property that we found is in need of some work as well as requiring the purchase of furniture.

What is the best way to finance vacation rentals?

I scheduled another meet-up for Tuesday, March 19, 2019.  Same time, same place.

Hope to see you all there again!

This is a chance for investors in the Mon-Valley Area to gather together and discuss our investment projects, struggles, wins and anything else that pertains to local real estate investing in the Mon-Valley Area. 

Depending on the interest I will adjust the meeting location but for now I planned to meet at the Starbucks in Belle Vernon, PA the address is as follows:

Come out and discuss Real Estate over coffee!

03/19/2019 at 6:30 pm

Starbucks

128 Pricedale Rd

Belle Vernon, PA 15012

Look forward to seeing  you all there!

John Frank

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We had an excellent meeting last night discussing real estate over coffee.  It was great meeting you guys and I look forward to the next meeting.

@Dan Schar look forward to meeting you. See you then!