All Forum Posts by: Michael Kappel

Hey John, Welcome to BP!! Happy Investing!!

I hate to pass up on a deal but I am not sure there is anything that can be done here.

Seller called from yellow letter with 8 homes he is interested in unloading.  All homes are on 30 yr fixed at either 4.25 or 4.5% The problem is he refinanced under HARP back in 2013 so most of his equity was pulled out. On average there is only 5% equity on each property. 

All properties are currently rented and getting above normal rents. If I factor in market rents for each property plus 40% for expenses we would end up with a positive cashflow of $378 total for all 8 properties.

I would like to see $100 per door as a minimum but given the 30 yr fixed rates and his willingness to sell subject 2 I hate to pass up on the deal. Is there any way I can turn this into some profit for us? All ideas are welcome!

hey guys, I am looking for the same replay I believe. It was the 3 ways to make $1,000 in RE I believe. I looked in pro replay and it's not there. Any direct links?

Hey Caleb! Welcome to the community and good luck with your investing!

Are there any Realtor investors in the Georgia market that are actively using wholesaling in their day to day investing? I have been trying to find some good information on what is legal, what is the best way to go about disclosing your intentions etc.. , but have yet to find any good resources. I would love to hear from any Realtors that are actively wholesaling!

I would like to attend as well if there is still time to sign up.

Looking for a RE Broker in NW Atlanta Metro to hang my license with as a new agent. I am looking for a flexible broker that is open to creative investing strategies. I am not looking to be an agent for other buyers and sells so I will not need leads. I will be using the license for my own flips. 

Thank you in advance!