All Forum Posts by: R Jenkins joshua

MaxI

what the web address for Lexis Nexis

Is their fee to use Lexis Nexis

Is it very dependable (nationwide / local information only)

Larry will both of your programs work effectively after the 4/30/2010

Obama tax credit (up to $8,000)

If you have any upcoming training
in Wisconsin / Chicago I would love to attend

Lastly, I heard South Carolina is a nice place for student housing

If so, I would like to work with some
pupils regarding bird-dogging
for student housing

pm, if interested

Mr Johnson

Let me know what you think about her Bulk Reo program

I purchase it a few weeks, ago

Reason : possibly working directly
with a bank could lead to
more bulk packages
opportunities

I'm considering her mentoring
program , so far I pass on that option

So let talk when your ready

okay

Thank you, Don

Sounds good

How would that work for the following issue:

Purchase Price $1,450,000
Rehab work need $250,000

Rent currently $550 per unit
New Rent after rehab $850 per unit

Competitors Buildings built I the last 36 months

My potential purchase building built 1965

21 --> 2BR/1BA units

The more modern properties in the area, that don't have as great of a location, are getting rent rates of over $1000 per month in some cases.

Let say terms 21 years

What would the Income Approach ?

(unknowns : arv , cost to value ratio , cash flow cow rule 1.0 – 2.0%)

I meant budget versus budge

Has anyone every used the Income approach to calculate apartment building value

Where not able to locate any good comps to determine ARV

Real Estate Broker requesting we use Income Approach

We have the

- rent roll
- potential purchase price
- potential rehab budge

Any suggestion?

please check your inbox for response

I do not know Southside Illinois ,

Be careful with zip codes 60426, 60429, 60422, 60430, 60438

Reason : very few movement in these zip codes in the last 60 days

Example :
here in Milwaukee everyone interested in Southside properties, but very little interest in North side Milwaukee

Here what happen :

I been receiving emails from a different Acquisition Comp /person
with potential properties he had to sell

Well 1 of my buyers ask for properties under $16,500
,so I go check out this person inventory (seller )
and sign Optional contract to pick up a SFR

Optional contract indicated:
he can sell the property to someone else
until I sign a Purchase contract

Their Purchase contract was for 10% down
and closing within 5 days

I tried to wholesale it to my rehabber investor

He sends me email indicating the property on Econohomes
for around $8700 and that I'm selling someone
else foreclose property without permission / title

I questions the seller and received no response

FYI : I'm cancelling my optional contract asap

Next time :
I guess I will have to not only check the source (seller) ,
but to see who truly owns the property [MLS]

Due diligence all the time