All Forum Posts by: Savannah Leigh

Fire code is violated by these. Logic being in a fire....you can't be searching for keys.I put mesh over the window part of the door.

or security film which is transparent
i

I can do rents of 650 or so on a unit cost of. 15k all day everywhere in my area. Sometimes up to 850/20

Put your 100 into 4 or
5 rentals in northeastern . Pa

instant cash flow of 400 plus 1/3maint VAC pad and 'mortgage' money is yours too

For my buyers...turnkey is as described. Either it's rehabbed and rented and managed (give us a check to buy and the manager will send you profit checks)

or sometimes it's an earlier phase. Like before rehab but with qualified team in place.

same idea. Sometimes cash savings for you (less markup for me) but a bit more time between you paying money and you getting money. Often a few more decisions this way too...a bit less seamless.

either way, we usually cap rate 12 to 20 pct after management, maintenance and vacancy pads

m

I do ARV as. To 10k below lowest equivalent comp
10% transaction pad
10% profit min hholding
repairs
3%ARV pad

max offer

v

I have had success...and if you want. 15pct or better returns I can deliver

We allow pets. Max 4. Require renters insurance of all tenants, verify it for dog owners.

$50/mo per 2 dogs max total 50lbs
For bigger or fighter (pit bulls etc) breeds, 50/ dog

no charge for bunnies, fish, etc or cats

when i hold notes, its a residential lease ... 10 to 15pct interest. amortized to fit theirability to pay. balloon in 2 to 5 yrs

when i ask for financing...8pct 5 yr recorded w deed. annual title search done by me cost of which applied as payment. clear title or huge penalty

i do include a clause that if i breach and dont make good in 60 days, i lose the property without foreclosure.

both ways has a 'dont complete...no equity' clause

make friends with aarons. they will look for the deadbeat. offer to share whatever you find if they will. who knows...you might get lucky

dont skip prothonotary lein filing (warns other landlords if nothing else) and wage / dmv attachments. dmv is rare...need judgement

my formula:
avg comps -10pct is arv
60pct arv
minus repairs!!
minus 5k assignment fee
is wholesaler max offer