All Forum Posts by: Ryan Mellon

All good info.  Thanks for the help!

Great plug. lol

Thanks Francisco. All great tips.

Many of us are using websites to funnel leads these days.  What have you found to be effective and what hasn't worked?

Thanks guys.

Its a great area and nice neighborhood.  He has been trying to sell it on the market for 8 months now at 190k (no luck) .  Rents in that are for that type of a house would be between 1400-1600 a month.  

@Jerry Poon

Hey guys.  I have been getting quite a few calls from motivated sellers that have properties in great shape w/ little or no repairs needed.  These are usually single family homes that could be great for a landlord to rent out.   How big of a discount do I need to get them to be an easy cash sell to a buy and hold guy?  I'm guessing it doesn't have to be a 70% or less deal because the properties are in good shape.  Any help would be awesome. 

Its numbers that the owner provided.  I am meeting him tomorrow and hope to get some documentation of these expenses.

Awesome.  Thanks!

Hey guys, I have a lead on a two unit that I am having a hard time finding comps on in the area because the majority of this area is single family residences.  This property was bought for 115k in 2006 it has a current tax assessment of 130k.  It has both units currently renting for a total of $1030/ per month, $1500 annual taxes and $700 in insurance.  The owner is willing to sell to me for 75k and I would like to wholesale it to someone for 80k.  Do you think I might have a hard time selling it without having solid comps?  Any help is appreciated. 

Thanks for the info.  Do you give them a "take it or leave it offer" or leave some room for yourself to negotiate if they try?