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All Forum Posts by: Marv Edelstein

Marv Edelstein has started 5 posts and replied 18 times.

Post: Best way to generate cashflow with $400,000

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

I live in Chicago MSA. have cash, and am looking for a MF property. Are you interested in having a further conversation to compare our thoughts? 

Post: Multi Family Specialist Oh

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

Looking to purchase an LIHTC property. I am interested in purchasing an LIHTC property from an owner who does not want continue as a landlord for the remainder of the contract. It seems like a way to help low income residents and eventually get good return.

I know only a little about LIHTC. Any suggestions where I can get educated?   Also if you know anyone who is doing this type of investing and would consider partnering please send contact information to one or both of us. 

Post: Military member new to investing in the SC Charleston area

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

Hi Ryan,

I have an rental property in Ladson. I am working on expanding my SC presence while I sell my properties in Chicago. I have been marketing for multi-family; 15-30 unit apartment buildings. I agree with what others have said about the market being at the top for sellers. For me it means you have to kiss a lot of frogs to find a prince.

+

Post: Looking to join mastermind

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

Same here. I live in Chicago, but am now investing in Charleston, SC

Post: Mostly Month to Month tenants in a Multifamily - Big red flag ?

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

@David Cozzi

I have a 30 unit building in Charleston SC that has a similar situation. It concerned me also. The seller said he prefers M-M because he can evict quickly if they do not pay. Other investors said that is not uncommon to feel that way with many landlords The at that 5 units have not changed may speak for itself. Where are you investing?

Post: Looking to connect with an RV park investor

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

Although I have invested in single family homes and small apartment buildings, RV parks interest me. The ROI and cap rates appear to be higher. From my research, buying a old park, upgrading it, and adding a name franchise such as KOA looks like great potential for cash flow and forced appreciation. It would be great to connect with someone who owns an RV park or is looking to expand. (I am not talking about Mobile Home Parks).

Post: Investing in RV parks

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

I am interested in buying either myself or with partners. I would manage a property manager. 

Post: Investing in RV parks

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

I am looking to connect with anyone who owns an RV park (KOA, Good Sam, …). I am looking at investing in RV parks. I appears the cap rates and NOI are better than MFH.

Post: Month-to-month and CAP rate

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

I am evaluating a 30 unit apartment in Charleston, SC that is mostly month to month. How would you alter the area cap rate since there are not many 12 month leases? I do not have enough information yet to determine in there is a large turnover, although I suspect that will be the case.

Thanks,

Marv

Post: Multi-Family Investment in Myrtle Beach

Marv Edelstein
Pro Member
Posted
  • Investor
  • Evanston, IL
  • Posts 18
  • Votes 4

Hi April,

I am moving my assets from Chicago to Charleston. I am sending letters to landlords in North Charleston, especially near Park Circle. Do you love in Charleston? let me know if you would like to talk off line.