All Forum Posts by: Jerron Glasson

I'm wholesaling this rental. My main buyer self manages his props. He's got 24 with a few being multis idk how he does it but that's his preference. 

just signed a new 1yr lease and told current owner she didn't want to leave she'll just renew with new owner. Which is why I put vacancy at 0. She takes care of minor repairs so 0 there but 3% capex for majors was calculated in. Everything was replaced in 2013 after fire damage so no known repairs outside of accidents or "acts of god".

Great long term tenant has paid $600 since 2014 no real reason to raise, it's about avg for the area.

61k would be a top dollar figure as it still falls within numbers I was seeing with cash buyers in the area at the moment. To make sure I'm doing this right it's 7200 (600rent X 12 months) ÷ 61k purchase price to equal 11.8% annual return or CoC. Correct? There's buyers here going as low as 5% but I don't want to inflate the price that much. My main buyer will have the first choice at 55k which is 13% return.

*This link comes directly from our calculators, based on information input by the member who posted.

First potential deal on an off market property. From those of you who have been around a bit can you take a look and see if im missing vital info or if this works. Wholesale deal, Owner asking 49k, long term tenant since 2014 who helps maintain property. Home redone in 2013 after fire damage. Comps are all over the place in this area though, small rural town but within short travel distance to bigger city.

Deleted link as it shows address and didnt want that info public. I did not choose to show address when sharing the report. How do I change that?

https://www.biggerpockets.com/...

Thanks guys! Grabbed the guide a bit back and currently reading. Not to compete with local investors or others but connecting would be great if you're in my area.

Hey guys, I am an RE newbie living just outside Indianapolis in Lebanon, Indiana. 

Currently working full time day job in an automated pharmacy setting working on various machines. I have had an interest in RE since about 2015 when I took on realtor clients as a freelancer working in paid social and ecommerce. I no longer work as a freelancer. RE seemed like a long term growth opportunity and depending on the direction taken would be a great setup for independence and business in the future.

It has taken me quite some time to take the actual leap and actively pursue this new path. I came across BP through the podcast and have been on a binge lately. Looking to connect with people in the Indy area for various reasons; guidance, education, networking and deals. My current goal is to land a few wholesale deals to get the ball rolling with funds and to bring in some extra cash for the family. Once familiar and comfortable with the wholesale aspect my ideal goals would then include buy and hold multis and SFH flips. Connections include former home builders, current GC's, realtors, and individuals interested in RE and private lending. So the connections are there for me to take off if I maintain this ambition.

Introvert but we're working on that. So feel free to reach out and I'll do the same.