All Forum Posts by: Jan H.

Great thread...showing that it is really not that difficult to run some 'rough' numbers.

@Tyler Kastelberg and @Jered Collins, are your 40-50% expense figures include everything like management, insurance, taxes, CAPX, maintenance and all? Also is this a pretty conservative figure when running numbers on a potential deal? Thanks for your time!

 Oh well...next. I do think though that it was great that you posted this. It gives us noobs a different perspective; the more experienced chime in, giving clues of potential pitfalls. 

Have you done a flip before? What exactly are you trying to do/develop? How much did you pay for it?

Really..how did you lose the 25k???

I have to tell you I lost $50 million last year...was thinking about buying Bitcoin but I was too scared that the value might drop, so I passed.

No risk=no reward.

Taxes at $1300? Is that an annual figure?

How will this be financed? Cash? I doin not see any financing figures....

Also, will this be self-managed? I would think there would be re-rent fees and such unless there is an on-site manager?

I do think too that Maintenance is estimated too low.

This is great! Now that you peeked everyone’s interest and created some excitement, would you mind sharing a simplified version of your story? I’d be really curious to hear how you started, which market(s) and your overall progress and strategy? I’m considering doing the same thing with the equity I am sitting on. Thanks!

This is a great thread...A year or so ago I was considering buying a few units through MI. I did talk to James Wachob, he was a very nice gentleman. However once he handed me off to his team, the communication became very poor. I took it as a red flag and did not pursue...Glad someone shared this experience, very helpful! Thanks!

Sorry Alefa, autocorrect...lol

Hi Alexa, thanks for your intro! Please put me on your list and let me know if you have any deals. Thanks and good luck out there!

I think your best bet is starting to look for a solid GC. They can handle all aspects of this work. I would start looking for referrals since -as you probably know- some GCs out there are pretty shady.

Good luck!