All Forum Posts by: Munir N

Yes, it is still available. 

Contact me if you are interested.

Thanks!

This property is currently vacant. Needs some fixes before it can be rented. Looking for an interested local investor who is willing to take over the payments and/or interested in sell with lease-option or any other deals.

The reason for my motivation is that it is a long distance property and I am having challenges to manage it.

Thanks!

Munir Noorali

415 509-6545

4024 N. Webster Ave, Indianapolis, IN 46226.

Drive by only. Please do not disturb the tenants.

Thanks!

Hi,

Asking price is $70k. I am willing to negotiate also. 

New tenants moved in last week. They complained about the carpet upstairs so I am currently having carpet replaced. It will be done by next week. 

Please let me know if you are interested.

Thanks!

I have an investment property in Indy which I am loading off of my portfolio. 

New tenants moved in middle of March 2016. Lease expires at the end of March 2017.

Please reach out to me if you or any of your colleagues are interested. 

Thanks!

You spend hours and hours on BP to find out who are the real true REI, sellers and buyers.

Josh,
So, do you think it is a good deal? I am told that, on average, $100 cash-flow per door is a good deal.

Dick,
This particular property does not have much equity so I am not sure if I will be able to sell it right away.
I am also looking for multi-units in any good market. Do you have any advice or suggestion?

Thanks!

-MunirN

Hi Josh,
How did you come up with $239.51 payments?

I am financing $31K at 5.8% for 30 years (no PMI).

Thanks!

-MN

Hi Mike,
This is what I have for one of those properties. Please let me know what is wrong here, or if I am missing something.

Market Value: $40,000
Asking Price: $36,000
Down Payments: $5000
Closing Costs: $1000
Total out-of-pocket: $6000
Currently Rented for $710 (12 months lease started in April '09)
Cash-Flow (after all expenses, debt services): $171
Annual ROI: 34%

Thanks!

Hi,
I just wanted to give some update on where I am regarding my target. I have been actively looking for cash flow properties, and have identified few with $100 to $250 cash flow per month. I am currently negotiating with the sellers, and doing my DD.

I have couple of questions for the gurus here:

1. If a property gives good cash flow, do you much care about the equity on the property? For example: if property gives $200 cash flow per month and about 35% annual cash on cash ROI, but have about 10% equity on it. Is it a good deal?

2. Is there any spreadsheet (excel or other) which you guys use to calculate the cash flow?

Thanks again!

-MunirN