All Forum Posts by: Bob Hinrichs

Hello!

Here is a lovely rental deal for somebody who wants to add a property to their portfolio! This property should easily pull $650 per month, giving it an NOI of $3,940. The house has hardwood floors, a solid roof and is in good shape throughout. With a bit of upfront work, this will be renting in no time!

Click HERE for more pictures!

This property is poised to make an investor some great money! Please reach out to me soon!

-Bob

Hello!

I don't often say it, but this property is rent ready TODAY! The previous owner has done an impeccable job at keeping the house maintained. In the last 9 years, she has almost always gotten rent at or above the $800 mark. The house sits on a large lot, well away from other houses, and boasts a single car attached garage, a fireplace and a newer roof. 

For more pictures, click HERE!

Let me know how we can do business together!

-Bob

I am wholesaling the contract to purchase this property. This 4 bedroom, 2 bath house is located on a quickly changing block, and it's changing for the better! The house next door is right in the middle of an entire flip and comparable houses in the area are selling for $160,000 and up. 

Click HERE for more pictures!

A signed assignment agreement and $2,000 EMD lock this opportunity up!

Happy Investing!

I am wholesaling the contract for the purchase of this property. This house is located in a block where buyers expect some of the finer finishes to a house, and are willing to spend some money to get them! The house is stripped down to the studs, and ready for you to turn it into a home. 

The three other properties currently listed 1 block north are priced at $159,000  $217,000  and $425,000. 

Click HERE for more pictures!

A signed assignment contract and a $2,000 EMD lock up this deal.

Happy Investing!

@Ronald Keene I loved your Youtube video, thanks for posting! Can you explain from the video why you are making the transition to Callrail from Vumber? Both seem like good options, but Vumber seems like there is more bang for the buck. Thanks!

I'm selling the contract to a property located at 1528 N Rural, Indianapolis, IN. The property is poised to make you some good money!

The property is currently rented on a month to month lease at $400/month. Every market rent analysis I can find says this should be a minimum of $560/month. Given that, and some assumptions of vacancy at 8%, management at 10%, and maintenance at 15%, this property has an NOI of $3,100! For such a cheap contract, this opportunity is hard to pass up. 

The house does have two things going against it. The buyer will have to pay around $1,300 in back taxes and the current taxes. Also, the house will need some repairs, namely a new roof. The current roof is old, but the tenant reports it has never leaked in the 15 years she has lived there.

Click Here for pictures!

Let me help you start of 2016 right! 

Welcome to Bigger Pockets! This is the best website to learn the ins and outs of investing. As mentioned before, make sure to attend the REIAs in town! There is a trove of knowledge there! Happy Investing!

I would second the Irongate recommendation and also say that you ought to use Christian at Irongate. That man does a wonderful job and is very helpful on the back end if you have more questions afterwards.

Thanks for all the interest @Brett Snodgrass @Christopher Hanley @Account Closed!

The seller is sharing a few more details on the property with me, and I'll be sure to send them your way!

Hey BP,

I don't do much for mobile home selling, but came across a motivated seller and what looks to be a great deal. If anybody in Muncie or Indianapolis is in the market for a MHP, please let me know!! It's an 8 unit lot, with 6 spots filled. The property cash flows $1,000 per month and the owner is interested in some seller financing. 

Does anyone have any direction on who to talk to and who buys MHP parks?