All Forum Posts by: Will Murphey

I'm looking to take the leap from single family investing to apartments.  I've done a few flips and primalry focus on buy and hold single family rentals.  

I'm looking to find a mentor/eventual partner in the Phoenix area.  

Thanks

Will

Thanks for the great insight everyone.  Yes these are single family homes and rents are AT market rate.  The rents have not been raised since the tenancy started.  I see your point on deferred maintenance as that could be an issue with REALLY long term tenants--maybe after 5 years or so (Both of mine don't have this issue as they are around 2.5 years).   Elizabeth I had not even considered point 3.

Thanks Dion.  I see both sides more clear now.

I was thinking of asking 12% - 12.25% base rate

I have 2 rental properties that have been rented by the same tenants for over 2 years. One set of tenants have been there for 33 months the other home/tenants for 28 months. I want to sell these two homes and I am trying to figure out what return I should offer. Specifically, I am wondering does the length of the tenants stay play into the investor mind? Would these 2.5 years add anything to the ROI ask? Maybe 1/2 percent.

They yield 25K annual after expenses with property management in place.  Would 1/2 percent be fair for the term of the tenants stay or is this not even a factor investors consider?

Hi, 

Glad you discovered Bigger Pockets

William Murphey

Investor/Realtor

I am a new Realtor in the South Phoenix area and am looking to build my network of investors to assist.  I will hustle and make things happen.  I understand investor's wants and needs as I have 7 income producing properties myself and have done several flips. 

Let me know if I can assist anyone as I have plenty of time for MLS research and CMA's.

William Murphey (Mountain Sage Realty)

I am a new Realtor in the South Phoenix area and am looking to build my network of investors to assist.  I will hustle and make things happen.  I understand investor's wants and needs as I have 7 income producing properties myself and have done several flips. 

Let me know if I can assist anyone as I have plenty of time for MLS research and CMA's.

William Murphey (Mountain Sage Realty)

Cash buyer here is San Angelo.  Please add me to your buyers list.

Thanks

Will

Thanks for the details Chris. I will put together the items you listed. 3 of the 4 rentals have been in service the last two tax years. Sounds like a package of 4 rentals is the way I will market the assets once I have the last unit rented.

sorry, double post. Please delete.