All Forum Posts by: Kate Pierse

@Roland Paicely  That is a great idea. Thank you so much for taking the time to make the suggestions. I will be very interested to see if its going to appeal to landlords.

@Roland Paicely  That thought had occurred to me, but unfortunately its out of the question, he has made it clear he just wants to sell it and move on, and from what I know of his personal circumstances I believe him. I do think its not a bad buy-and-hold property, but am trying to gauge whether the numbers would appeal to a buy-and-hold investor, or if the cash on cash return doesn't cut it.

@Roland Paicely  Thank you so much for your reply. I agree, and I think that's why I'm having trouble assessing the deal - its too tight and maybe I'm trying too hard to make it work.

Sorry I should have included that after vacancy, repairs etc. the NOI is around $7,500 or $625 a month.

A big hello to everyone in the Forums, I'm on this site every day and am always amazed at the quality of people and the responses. I would love to know if those more experienced investors out there think that this property would be something you would consider purchasing from a wholesaler. I already realize its not a slam dunk deal but the market is so hot in this area, its the best I've seen for a while:

Purchase price: $105,000

ARV: $140,000

Monthly rent (based on recent comps): $1100-1150

HOA: $85/mo Taxes: $168/mo

Repairs: $5,000 (paint and little linoleum)

The property is a townhouse in the most desirable part of where I live, the area is in high demand.

If you have any thoughts on this I would really appreciate hearing them. Thank you!!

@Christopher R. There is podcast about Section 8, I haven't listened to it but it may help you:

http://www.biggerpockets.com/renewsblog/2014/05/29...

I'm a realtor and wholesaler in the area so feel free to contact me if you'd like to connect and work as a team to find deals.

Hi Jonathan, I am in the same boat as you as I'm on a strict budget for my mailings. I just did my first mailing, and decided I didn't want to handwrite my yellow letters (I have terrible handwriting!) so I made a yellow letter template in Word and typed it in with a handwriting font. This is sort of a half-way measure, and I'm not sure how well its going to work - I'll let you know! Then I handwrite the envelope and put a stamp on it, although I'm looking into bulk mail because you can save around 20c on postage per piece. I might also try the handwriting font to create labels and print them on white label paper and put on a white envelope, so it isn't so noticeable that its a printed label. My approach is to strive for that 'handwritten' feel but taking some time-saving short cuts. Let us know what you decide to do and how it works!

@Michael Quarles  Thank you so much, that is incredibly helpful.

@Michael Quarles  I'm just about to purchase my first absentee list from Listsource - would you mind mentioning what criteria you use now?

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