All Forum Posts by: LiDairious H.

There is a huge East side vs West side thing here in Cincy...its all in love, but I think both sides have great apartment buildings to choose from. Just depends on what you want to invest in.

Good Day!

First Lease Option Opportunity just presented itself. A lady has 2 duplexes in a lower incomer rental area.

She wants: $47.5k for each Duplex with a 5 year option. She wants her PITI covered of $575 for Duplex 1, and $435.29 for Duplex 2. Plus $150/mo on both units towards the option. (Which is $9k over a 5yr term). --

These are single unit apartments, so: Unit 1 rents for $525. Unit 2 Rents for $535. (Duplex 1) Total of $1060.

Unit 1 rents for: $489 (section 8). And Unit 2 is Vacant but can rent for $500...btw (disclaimer: Unit 1 has a small leak coming from the siding on outside window into the bathroom, and may have caused slight damage, but this is the best of all units). Plus this Duplex needs some roof tuck work done...Could rent for total of $989.

Owner only pays water: Duplex 1's bill is about $84/mo. and Duplex 2 with no vacancy is about $84/mo as well.

All tenants are on month to month, no leases, but are long term tenants.

1060 - (576+150) - 84=$250 - (misc fees and vc rate) = $150 For duplex 1.

989 - (435.99 +150) - 84 = $319 - (misc fees and vc rate) = $219 For Duplex 2.

Would you take this deal? What questions should I ask, and what am I forgetting to look at?

The Duplexes are in decent shape, need cosmetic updates, and attention, but still renting.

With miscellaneous fees, vacancy rate, etc. I see a very small cash-flow number. What do you see?

Please Help!!!!

Thank you, Im a look into that Paul.

and Roland, yes Im finding I have to do most Probate work myself, which is a big pain.

Currently from the county clerks office.

Good Day!

I am currently using Bandit Signs and Yellow letters in my marketing campaign, but looking for a better way to pull leads.

I hear: 

1. absentee landlords original mortgage date 1995 and below.

2. Inheritance List 

3. Probate 

4. Pre-foreclosures original deed date 1999 and below.

Are there any other lead sources or lead generation tools anyone would recommend?

Are you using Listsource or a realtor, or County info?

Thank you for the Help!!

I am back Wholesaling, Shortsaling and Rehabbing property. I stopped for about a year after having twins. However, I am back on my game, and loving it. 

Good day, I have been actively posting bandit signs to bring in most of my motivated sellers. However, with the competition popping up in my market (Cincinnati ohio/northern ky). I need to add to my marketing strategy to find more sellers. Can anyone recommend the best form of mailing campaign marketing? Should I use yellow letters or postcards? Should I market to specific areas (zip codes), absentee owners, attorneys or what? What is working for some of you? Also, are you using companies to do the work, or are you sending the mailings out by hand? Are you using a list source to get leads, or are you using the MLS? Thank you for your assistance.

Good day, I have been actively posting bandit signs to bring in most of my motivated sellers. However, with the competition popping up in my market (Cincinnati ohio/northern ky). I need to add to my marketing strategy to find more sellers. Can anyone recommend the best form of mailing campaign marketing? Should I use yellow letters or postcards? Should I market to specific areas (zip codes), absentee owners, attorneys or what? What is working for some of you? Also, are you using companies to do the work, or are you sending the mailings out by hand? Are you using a list source to get leads, or are you using the MLS? Thank you for your assistance.