All Forum Posts by: Mark Moore

Sent out letters via @Michael Quarles / Yellow letters. Got a decent response and have been funneling the leads down to find the nuggets since.  

One that has me very hopeful in particular is a 3/1 rental...

Figures:

1. Acquisition price: owner wants 60k but seems flexible. 

2. Monthly rent: $875, long term tenant in place that doesn't want to leave. 

3. Repairs needed: None. Owner put new roof, kitchen, bathroom and landscaped a couple years ago. Have not been in house yet, only driven by and it looks very solid. 

4. Cap Rate Details: 10,800 yearly net income-770 tax- 350 maintenance- 700 management- 650 insurance.. or $8330 income after all expenses= 17% - 15.15 Cap rate. 

Is this a no-brainer or am I missing a crucial piece of the puzzle? I'd be adding a short diligence period to the offer to allow an internal inspection. 

Thanks! 

The silence is deafening :) I'll use that money for marketing! 

Hi Everyone,

Have any of you worked with or have you heard of Andy Massaro and the wholesaling coaching services he provides?

I don't have any preconceived notions about him, and he seems like a pretty straight-up guy who doesn't promise truckloads of cash in days. 

Do me a favor and let me know asap if you have any input, thumbs up/down, etc. 

Thanks!