All Forum Posts by: Account Closed

I'm in the process of doing some direct mail marketing to tax delinquents (for the first time) and I was wondering if I should eliminate LLCS from my mailing list? I dont know if they would be much less likely to get rid of property at a discount than a home owner would. 

I dont want to wast what little marketing dollars I have right now on them if I should stay away from them. 

Anyone have any thoughts on this?

Is there a site I can upload an excel file to that will check to see if the addresses I have are valid?   

I'm getting a lot of returned mail, and I'd like to be able to at least check that the addresses are valid addresses before sending the mail.

Hi all,

One of the things we do is rehab and hold/rent single family and multi family dwellings. We are seeking a funder/bank who does mortgages on these properties, as an exit to the hard money lenders. If you have used any of these services, or can recommend one, please contact me. 

Thanks so much!

Michael

I have a triplex that is not making money for me, need a way out. It out of my state, low rents, and high maintenance, and high management fees! Need help!

Does anyone have any advice for me on how to stay on top of what my local market is doing? I know it's very important to watch market trends but I don't know the best strategies to use in order to do that. I'd like to hear what some other investors do. Im in Central Arkansas if it helps. Thanks guys! 

I'm a younger investor looking at some investment properties in Long Island and the 5 boroughs. I saw a 4 fam property in Long island around 300k but the taxes are 20k. Then I saw a  3 family property in The Bronx for 450k but the taxes are around 5k. I would like to know which one would you buy and why? Should I let the taxes affect my decision on buying an investment property even if I'm have a positive cash flow? 

Cash flow after expense in Long Island possible: 2,500 a month

Cash flow after expense in Brooklyn possible: 1,800 a month.

What are the biggest tax benefits??

Thank you in advance!!!

Quick question from a Rookie Investor in Denver... When buying a house to be used as a rental, what are the guidelines regarding how much to spend on the property? Obviously, we want to purchase as cheap as possible, but is there something similar to the "Fix and Flip 70% Rule" for rentals? For example, an investor should pay 70 percent of the ARV of a property minus the repairs needed. Does that same rule apply to investment properties?