All Forum Posts by: Mitch Smith

Greetings BP members,

I am looking for a little feedback.

I do flips in San Diego and have had some success in wholesaling outside of California. I have found that even though the cash flow is nice, what I am really doing is just buying myself another job with each flip. I am now moving my business into a direction of Buy and Hold with the goal of passive income. I have a question regarding leverage. At what point are you over leveraged? As long as a property is cash flowing positive, Is it possible to have have too much money owed? Might be a dumb question but it seems that if you have done your homework and have a contingency plan for unexpected costs, it shouldn't really matter as long as the property cash flows each month. I would be interested to hear what you think.

Thank you.

Mitch

Hello BP members.

I am looking to connect and discuss financing for properties in the Indianapolis area. Please contact me by email or message if you are able to help.

Thanks,

Mitch

I have a 6 unit complex on the south side with tremendous upswing. Property is located 2 miles from the University, directly adjacent to the Garfield station for easy commuting, and is across the street from one of the two remaining proposed locations for the Presidential library. Either location is close and will bring value, jobs and investor dollars to the area. 

The units are all 3 and 4 bedrooms and between 1300 and 1500 square feet. These units comp at between $70 and $100/sq. ft. These units will rent for an average of $1,100 to $1,300 per month.

Purchase Price $280,000 for the complex

Construction 110k for improvements (high estimate)

ARV $500,000 (conservative)

Holding and Closing $25,000

** ROI  21% to 25%

Please feel free to call, text or email for more info.

Mitch

(858) 361-0585

I am looking for investors that are interested in purchasing 9 individual apartments. Ranging from 2 bedroom 1 bath to 3 bedroom 2 bath. These properties are separate units spread between 5 different locations. All of them are located within Chicago. All of them are in rentable condition and two of them are located very close to the University of Chicago. I would like to sell these units in one block as apposed to piecing them out. Please contact me by email or text if you are interested.

Thanks,

Mitch

(858) 361-0585

This home needs an investor. Home is in descent shape but needs some updating. This purchase also includes the connecting vacant lot. Both lots combined have a total square footage of 12,226 square feet. 1306 square feet of living space. 2 bedrooms 1.5 bath plus a den that can easily become a 3rd BR with the addition of a closet. There is some good potential in this one.

 This spacious home is ready for immediate occupancy. Well maintained and upgraded. Leaves very little for the buyer to do.The roof and AC both 8 years old, new pool pump and new garage door. This home ready to go.

Hi Carlos,

Thanks for reaching out. My mistake. This home is located in Miramar Beach. I didn't realize there was a Miramar Florida and a Miramar Beach. Which are you located in? Either way, if you are interested let me know. We can discuss.

Thanks,

and sorry about the confusion.

Mitch

Looking for some help on this one. I need a local investor that is willing to help with eyes on the property. Home needs rehab and is one block from the beach. 

Call or message me

(858) 361-0585

Greetings,

I am Looking for an investor friendly agent that can assist me with a transaction in Paris Illinois. I appreciate the help.