All Forum Posts by: Anthony C

Not rent as a % of purchase price.. just rent vs rent. As in, if their were a few listings 20% above the MEAN rental rate or a fat supply available at the MEAN rental rate.

Still though, back to my original question.. I would still have hesitation if i'm considering an area and a property manager has a dozen nice homes vacant at competitive rates. So i'm trying to see if I should not factor that into a decision to purchase in that area, but it's hard not to.

I think Rusty's statement was with regards to rental cost not purchase price.

Hi all,

Among other things I look at to determine a city's rental demand I try to browse local property managers sites. If those sites show the prop mgr's themselves have say a dozen nice homes available for rent, this has been ruling that city out for me.

I figure if they can't get all their homes rented and they are the local professionals, things probably won't be easy for me either.

Agree? If not, why? If there's only a few available, maybe it's not too bad..but 5+, 10+?

I also check things such as the local craigslist and zillow for homes for rent, but the prop mgr's excess supply seems ominous.

Hi Rich - i'm in the tri-state area, send me a message and lets chat about what you're seeing.

QEII ending, which is not really ending just being renamed and masked, does not mean FED money printing has come to an end. Commodoties are only off temporarily due to the europeans pledging to stabilize.

Our politicians haven't fixed anything anywhere, bernanke is wrong continually, unemployment is not going down, hence more stimulus will be needed, more debt, more debt more debt = continued currency devaluation = inflation.

I'm not sure who is running around with their head cut off. Hedging inflation with gold is a strategy that for some reason, if people missed the boat they get very defensive. It's one strategy of many. Some have profited hugely from this strategy - don't hate the chickens, hate the coop

on the other hand for arguments sake.. here is a quote from the forementioned blog from someone renting multiple units to both sect8 and regulars

"I think I'm going to replace this terrible tenant with a Section 8 tenant. I have 2 duplexes on that street and the other 3 units all contain Section 8 tenants - who all give me little to no trouble. They are responsive when I call and proactive when it comes to property maintenance(due to regular inspections) because none of them want to "lose their housing." Might have something to do with the 10-20 year wait list for Section 8 housing vouchers."

you may enjoy a read through this blog for a play by play on a gal renting a few duplexes to sect8's

http://wealthisgood.blogspot.com/search/label/Section%208%20Housing

Can someone please help me understand the rationale behind turnkey properties from the seller's side?

I live in an area that does not cash flow so these turnkeys are appealing to me (if the pass due diligence of course).

One obstacle I have though is if someone is in the RE biz, buys these and rehabs, gets a tenant in, why sell the property? All the tough work has been taken care of..what is the benefit of selling the property other than funding for another?

If not checking Tax returns...Do you all trust rent rolls printed out by brokers/managers that could obviously be manipulated easily?

How is everyone verifying rental income?

Thanks Max for the infor. The rent rolls i've been seeing are mere word .docs that could be written out/modified/faked by hand at any time.

How do you verify?