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All Forum Posts by: Nick F.

Nick F. has started 3 posts and replied 4 times.

Post: Running numbers

Nick F.Posted
  • Virginia Beach, VA
  • Posts 4
  • Votes 2

there seems to be some issues with plumbing electrical and roof but everything is minor.  In negotiations with the seller to have everything fixed so as long as that goes well the property should cashflow. I ran vacancy and cap ex at 10% just to see what it looked like.  Thanks for the help!

Post: Running numbers

Nick F.Posted
  • Virginia Beach, VA
  • Posts 4
  • Votes 2
Would anyone know what a good vacancy and cap ex percentages would be for Virginia Beach 23462. I want to check a deal I found. Thanks!

Post: Driving for dollars question

Nick F.Posted
  • Virginia Beach, VA
  • Posts 4
  • Votes 2
Hey guys I recently started driving for dollars. I've found a few properties that might be available but I have some questions about how to figure out if it would be available. For instance I found one that looks vacant open windows differed maintenance but a paper on the window from the city describing upgrade work that is or needs to take place. What does this mean? Is there anything else I should be looking for. Thanks!

Post: Discussions and strategy

Nick F.Posted
  • Virginia Beach, VA
  • Posts 4
  • Votes 2
Hey guys. Im hoping to find some people around the Virginia Beach area that knows the market and good strategies on buy and hold. Anyone willing to share some experience or know of any club/meetings in my area I'd love to hear about it. Thanks!