All Forum Posts by: Ric Mittleider

I found this article, from NPR, that may help

https://www.kuow.org/stories/l...

It makes the most sense when you are new to wholesaling. it will help you with how to know what a good deal is. so many of the wholesalers I hear from send me a list of what they call a deal and I wouldn't put money into any of them. all bad deals. so to know what will really work and how to analyze a deal. I would recommend it!

Anyone on here buying, Selling, Flipping, Renting Mobile Homes Or Raw land in the Pierce county area? How do you make money on them?

@Robert Freeborn Thanks for the reply.

Does anyone here do high end homes?  what is the profitability. I have a plot of land that could hold a couple of them on the waterfront outside of Seattle and looking at all options.

@Ryan Mahoney you can't compare what you earn in Nebraska to what you earn in Seattle. In NE you wouldn't make 100K in appreciation over a year or 2. that is a major factor. Its hard to compare different markets in that way.

yes I calculate on total net rental.  So minus taxes, insurance maintenance and management. just don't add any financing costs.

Bryan,

Yes I invest in Nebraska as well and am getting good returns there as well. I have been trying to figure out the expected returns in these more expensive areas. Plus hoping to find some investors that are still investing in these areas.

Adrian,

Yes I have recently started marketing for properties and buyers in the area. we are relocating from San Diego back home. I have a lot of property owners willing to sell but I didn't feel that I could wholesale them because the return would be so low.

As a general Discussion, What do you consider to be a realistic expectation for Cap Rate in the area? Or if you use a different ROI calculation what is it and what rate do you expect to get? I see a lot of 6-7% out there that seems low to me.