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All Forum Posts by: Jonahvan Rico

Jonahvan Rico has started 4 posts and replied 23 times.

Post: Funding Sources - What Did I Miss?

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Can you send me the info on BLOC's as well.

Thanks

Post: Los Angeles Meetup - October 31st, 2015

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Count me in too! :0)

Post: 2 properties in Santa Ana, CA

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Still Available?

Post: Jason from Irvine, CA

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Have you have ever read rich dad poor dad...your story sounds exactly like the book! Getting "ahead" and creating real wealth and income is about owning assets, not going to college and getting degrees. I'm not writing that to discourage you, but to point out the excellent opportunity that awaits you based on your experiences. I am excited about your new path and where it takes you. Would love to connect with you and share my knowledge with you and what I have learned form BP.

There is also a newer BP meetup starting up in North OC, here is the link below.

https://www.biggerpockets.com/forums/548/topics/22...

To your success!!

Post: Orange County Meetup( Cypress, Garden Grove, Buena Park)

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

@Christopher Hunter Thanks for organizing the "North OC" meet up, can you please add me into the meet up.

Thanks!

Post: Milwaukee Multi-families

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Hope to see you back Stateside soon. Cordell, Thanks for your service! I'm always inspired by our vets courage and commitment. PM me and maybe we can partner on something.

Post: Critique Direct Mail letter template Please!

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Great advice from Michael, your message may sound great to all but you have to test your message and record what gets the most response by sending out the mailer and testing it out, and let the response rate be your guide. Also it pays to be consistent and continue to mail. Some messages and sales don't get closed until the 7 time! 

Also check out the postal service they have inexpensive options for Direct mail to every door in an area you chose for 18 cents a postcard if your looking for very low rates. 

Happy Direct Mailing!

Post: New member from Florida

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Welcom to BP, Tons of great info. Search around, ask questions, partner up, and make your pockets bigger!

Post: Milwaukee 8 units for $185,000 (Hampton Heights) 10+ Cap Rate

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

No tenant gets a rent credit for snow or lawn service.

Post: Milwaukee 8 units for $185,000 (Hampton Heights) 10+ Cap Rate

Jonahvan Rico
Pro Member
Posted
  • Redondo Beach, CA
  • Posts 25
  • Votes 2

Property on the mls ? Not on MLS

Any pics ? Waiting on Pics

Renovations need ?  None

Do you have this property under contract ?  Yes

Our you offering property with any seller financing ? Not at this time

Property occupancy ?   7/8

Rent per month ? 420

Property under management ? ( if so - monthly fee ) No

Last 24 months vacancy level ?  7/8

Tenant pay ? Monthly

Owner pay ? Monthly

Parking spaces or garage ? Spaces

Flat roof ? No

Any current city code violations on this property ? No

Furnace age range ? < 5 yrs

Water heater age range ? < 5 yrs

Any nearby competition within 1/4 mile ? ( other apartment buildings ) Yes

Any value add opportunity for this property ?  Yes, large lot

Property near any commercial facility ? 

Tenants on lease or month to month ?  Month 2 month

Any section eight tenant for this property ? _ out of 8 units .  none

Property taxes monthly 4900

Current monthly insurance rates ?  140

Any discount caretaker tenants ? What do you mean?