All Forum Posts by: Rob Nappi

Again, we have that covered as well. Direct message me.

Rob

I have a team and hands down the best renovation prices in Indy. If anyone would like to challenge that please do! 
Message me and we can see what we can do. 
This is for Indianapolis,IN and some of the surrounding areas. We do not go to Muncie. 

Thanks, 

Rob 

I live in California as well.  Have a team out in Indianapolis,IN 

We are getting anywhere from 50% to rare cases over 100% Cash on cash return. 
Message me if you are interested. Every time I get into here on the public forum  I get flagged. 

Hope to connect! 

Rob

 Just contact me and I can connect you.

Message me. We have brokers that will get you connected with lenders on the deal, not your income. 

My lender has me at 6%. dealing with a broker. They have a fee but saves you on points. 

Answer to the variable expenses. 

Variable expenses
TOTAL  $714 

Maintenance$189

CapEx $105

Management fees $420

1338 Ohio Ave. Anderson, IN 

I have an offer in for $90k 

Some tenants still in place. ImThey Kmart on month to month. 

Inspection coming soon. 
we use the Veterans of America Program. 
$700 a room.

When they move in after inspection $700 deposit and $700 per room. 
There are 6 rooms in this property. I’m looking to pull permits and get 2 more rooms in. We have to look at the property to pull that off. 

When all the Veterans are moved in $700 deposit and 1st months rent times 2. 
$1400 x’s 6 $8400 back in my account. 

We do it all day. I just wanted to see how many people don’t know this. 

Other programs are currently $860 per studio, I have the promissory note. Crazy how many people don’t know about this. PM for more info or I will get flagged. 
look forward to your message and if you all think it’s a scam or skeptical… To each their own.  Just trying to share information. 

Are these numbers good for cash flow? 

$90k property purchase price 

5k closing 

25% down 30 fixed rate @6% 

CASH FLOWING: $2,194 after everything.

Gross rental income $4200 a month 

Total expenses$2,005

Mortgage$405

Taxes$122

Insurance$100

Variable expenses$714

Fixed expenses $665

electricity$120

gas $50

water & sewer$175

garbage$50

business tax/legal $150

yard care $120

Variable expenses$714

Vacancy$0

Maintenance$189

CapEx $105

Management fees$420

Looking for feedback, direct message me to discuss further. 

 Who do you use for a mortgage under $75k? I would like that contact please.