All Forum Posts by: Patrick McGrath

@Diana Dorantes

2016 F150 super crew paid for by my W2 cause I’m in outside sales.

We have 8 units soon to be 18 next month. No need for a fancy car/truck.

I want units.

https://www.cnn.com/2021/02/25/politics/judge-evictions-moratorium-unconstitutional/index.html

Tboughts?

@Cathy Malmrose

I completely agree whole heartedly with everything you said here, especially that last sentence.

@Justine Ade

Base on all this plus your responses below I would pass.

You are saying the property is at market rents but you need to complete cosmetic work and the only upside is billing back utilities.

Unless those dollars you are spending equal more per month in rent I’d would move along.

Do other properties include utilities at that current rate?

You should be at least $200 per door or it won’t be worth your time.

@Jim K.

4 + 2 = 6

8 + 7 = 15

Total 75

@Hernando Quintero

The short answer is yes you can.

@Alex Babayev

Nice work! Awesome that you used OPM to fund the entire deal and walked away with total control of a cash flowing asset with $7k.

Way to go!

@Jon S.

Just closed one yesterday. Yes banks are doing them.

@Jeffrey Evans

Invite her to a REI meeting with like minded investors doing these type of things in your market.

@Bud Gaffney

Our goal this year is to go from 10 door to 30 doors next year. We also would like to complete 2 flips and find a private money source to fund the flips.

Dream big, work hard and set yourself up for the future!