All Forum Posts by: Milos N.

Thanks @Mushfiq S, @CalebH9, @JLH thank you for the input.

I wasn't planning on purchasing this. Just wanted to put it out there, so that everyone sees what kind of deals we are talking about. Maybe it will help some people decide whether to use MI or not.

PS I can't for the life of me understand how does mentioning people work in this forum

So here is a deal they offer. I would like you to comment on it.

Bare in mind that this was sent to a person I know that didn't even have an original conversation with them.

I guess they were put on a mailing list regardless (while still waiting for a conversation).

Here it goes:

1045 Almeda St Jacksonville, FL 32209

Bedrooms: 2 

Bathrooms: 1

Monthly Rent: $800.00

Per Year Taxes: $293.00

Acquisition Cost: $49,500.00

Now quick internet research shows that the house was purchased on the 15th of November for 33.000.

Rentometer says the rent is 600-650 (not 800 as advertised).

They are putting 16.500 in it, i guess to rehab it. Maybe that would increase the rent, but by that much??

Still how much can a 2 bedroom 1 bathroom rent in a shady part of Jacksonville .

The crime seems pretty bad to me:

31 COUNTS OF ASSAULT

27 COUNTS OF SHOOTING

21 ARRESTS 

https://www.trulia.com/real_estate/Robinson_s_Addi...

If somebody familiar with Jackson would comment is this a war zone?

I live in Oakland,CA and even though the areas are red in trulia rarely we have so many shots fired, and arrests, but it seems large parts of Jacksonville are war zones, or am I wrong?

I would say this deal sucks because it is a war zone, but would love to hear other opinions.

Thanks in advance

I bought a new car, and got connected to a smaller credit union the rate was good 2.49%. The loan was 42 months, but I paid it off after 24.

I was thinking since I already have a relationship with them, do you think it makes sense for me to ask them about a investment real estate loan now?

Also will they look at it negatively that I paid it off early? I never missed a payment or anything like that.

I have a good credit score (760+).

Thanks in advance

Damn.

Too late for the videos. My brother fell in love with MI videos, wish he saw them.

Any chance I could get a PM with some private links please? I would appreciate it greatly.

This thread is gold for someone who is thinking about OOS investment. When i run the numbers, i try to run 10% CapEX, 5% Maintenance, 10% Manager, 8% Vacancy. If it doesnt make sense that way I next it.

Now im nexting most of the deals i see :), But you never know, i will find a diamond in the rough someday!

@Cody Evans

They get 50%??? What can they be offering for that to make sense? Do they find you deals? Do they have contractors, lawyers? What? That sounds crazy to me otherwise. (and i am a complete newbie)