All Forum Posts by: Mike Bryant

Hi Melissa - just curious, what makes you different from the other hard Money lenders? Rates, terms, ?? A fellow investor and I are looking to possibly invest in some flips in the next few months -0 would be interested in seeing what your company if offering. Details on your site?

Thank you,

Mike Bryant

JacomoProperties LLC

FOR SALE - Excellent cash-flowing 4plex building in Lee's Summit, MO. WE have owned this building for 3 years and had planned to keep it longer-term for cash flow, but due to the need to pay off other debts we are wanting to sell it. Appraised in March 2014 for $277,000. Recent updates: new roof in 2012, New HVAC in 2 of the 4 units (other two are approx 8 years old) Many ceramic tile upgrades on all 4 units, some newer appliances. Asking $275,000.

Financial Overview:

Gross Income: $37,500

Taxes: $4,600

Insurance: $2,900

Vacancy & Repairs/Maint $5,625   (15%)

Management  $3,000   (8%)

Lawn/Snow    $1,200

HOA $60

Net Operating Income: $20,115 CAP Rate: 7.34%

If financed with 20% Down, cash-on-cash ROI would be approx 10.5% after debt service.

For more info, contact Mike at 816-365-7873 or email me at [email protected].

Thank you,

Hi @Pete T. - the biggest advantage is the access to MLS and basically being able to replace my "day job" sooner (hopefully). My plan was to build my investing "business" to the level of being able to go full-time and replace my W2 income, and I always believed that eventually I would want to get my broker's license, but I never really wanted to be an agent; always a principal. But as I've spent more time talking to sellers and doing deals, it just started to make more sense to me. @J Scott recently mentioned on a Podcast the advantages, and other local factors also led me to this happening now. Among these factors are, I can't seem to find any agents locally who understand what investors are looking for, so I hope to fill that void in this market!

Hello, BPers--- after 30 years of being a non-licensed "investor" (never fulltime), I finally decided to obtain my license and become an agent. I will always be a buyer first, but the process of getting my license has taught me a whole different viewpoint of real estate. The goal is to become a broker in 2 years (required time in Missouri) and thus be able to expand our investing business into a full-service operation, including property management services.... I will begin to network here as well as the the investor parts of BP - as I am learning how to wear both hats!!

@David Buell

@David Buell

@David Buell

Awesome comments - thanks you all... last night we discovered (and should have suspected) the Gas service was shut off due to non-payment, so we also didn't have hot water!! Had to bring pots over to heat water on the stove!!

Hello, we have a stained tub (circa 1980's) in one of our rental units; I need to have a quick-turnaround. The fiberglass is a bit stained and off-color in some areas; haven't yet tackled the detailing of this. Longer term plan is that we will replace these and put ceramic tile up to the ceilings; however time/budget will not allow for this on this one. Anyone have any great recommendations/tricks on getting this tub to look fantastic for the new tenant, who is moving in on Saturday? :)

Congrats @Jonathan M. and welcome to KC. Ditto to the other comments. I have accepted half a deposit to "take a property off the market", but under no circumstances should you accept a tenant and let them move in without full deposit plus a full first months' rent. Period. This is very standard practice.

Yes @Jean Bolger , I will post photos in a few days when I get back over there. Thought about that!! I have requested the local Miracle Method franchisee to give me a quote. Appreciate all the feedback!

Hello, I am researching my options on a old bathroom that has some ceramic tile from the 1950's - installed on a lath& plaster wall with a 1" "mud wall" behind the tiles. They DO NOT want to come off. The bath has a nice "retro" look with a blue-and-white tile floor, white 4 x 4 standard wall tiles and light blue bullnose trim along the top. Textured, plaster walls above the bullnose painted blue. Want to prevent completely gutting this bathroom - house will be a rental/lease-purchase. House was built in 1940. Any suggestions on product / application tips for NOT destroying this bathroom would be appreciated!