All Forum Posts by: Account Closed

I'm located in North East AL, if you come across any super deals mesage me.

Hi, I have a unique situation that I feel I need opinions from people more seasoned in real estate & life than I. To get started I'm 23 my father passed away last year. His commercial real estate developer buddy owed him 250k. He has offered to pay that to myself in the form of 2,500 a month for ten years or trade me two commercial buildings. One is in Bronson MI the other in Blackhawk SD. Both are leased one has 3 years left the other company just executed a 10 year extension. I would be taking on 800,000 in debt for both buildings with him deducting the 250k off the total purchase price of 1 million. These properties will net cash flow around $2,500 a month. Once they paid off they would be cash flowing $7,000.00 - $9,000 a month. Myself I'm leaning towards taking the 2,500 a month but wanted to see what others might suggest? Thanks

The cash flow to initial investment is low for my liking.

I've been looking at it also. On the fence as of now.

Has anyone purchased the

mobile home deal maker formula by John Fedro ?

Was it worth it? Thanks

Zac Gilliam
Hi Zac

Welcome to the site !
I'm new to residential rental properties and I'm also from AL (Gadsden area). Good luck to you on any future investments!

Also there's 2 other houses for rent on the same street. They have been up for rent for over two months.

I have found a property I believe will cash flow but its in a dangerous neighborhood. I would feel that I needed to carry my gun when I visited the property. Would you buy in a neighborhood like this ?

I have 87.5 acres of raw land that was a mistake. It has 50 acres of pines which I had thinned. I made 10k off that. I purchased the property for 100k , I put 35k down. I have been offered a rental house worth 20k and 67k cash. I have also been offered 50 acres with hardwoods and a creek and 20k cash. Or I can hold out to just sell. This land will only appeal to hunters or people buying it for timber. I would prefer to get out of holding raw land right now. I purchased the land before I found BP and learned about rental real estate.

Al Williamson Nice! I was down in Mobile back in the first of June.
I'm new to residential land lording. I currently co-own three commercial shopping centers. So leases,handling tenants, maintenance issues etc is not new to me. After my down payment I was planning to sit 3-5k in reserves for repairs. These are fairly new and shouldn't require big roof,hvac type repairs anytime soon hopefully.