All Forum Posts by: Stephen Franco

@Kyle Bethune PM me, I would be happy to look into it for you.

please PM me. 

First of all, I am of the mind you should not sell the annuity of possible. 

But if selling it is appropriate, then there are many options for investing to replace that income. 

I often tell people that if they invest a million dollars in cash flow rentals in a market Like - wilkes-barre Pennsylvania you'll generate about 10 to $15,000 a month passively after everything is taken care of. 

Also, a friend of mine did a .... trick I'll call it... about borrowing against an existing cash flowing asset that is in his case his Apple stock, borrowing at 2% using the Apple stock as collateral and then reinvesting those funds into other ways and generating about $44,000 a year with only 250k as an original stock being loaned against. 

Obviously you're in a much better situation than that, so I may want to put you in touch with him and you guys can discuss that of the strategy

many of the Guru classes are taught by a company called Bri, they basically by the brand or least the brand of the Guru, and they do all the education behind it. Effectively, every class work the same way. The free second lead you to buy the 3 day course but three day course leads you to buy their big program. I won't get into one of the courses are good or bad, but I understand there's a reason they're doing it for free. A lot of time, you will find a local mentor... Who will do it with you for little or no money down, and just take a percentage of every deal going forward. This is kind of the program that I'm considering designing myself

I probably sound like a broken record on the forums, but I believe in my home market in northeastern Pennsylvania. Conservatively buy-and-hold rentals kick off 15% cap rates, depending on how you do u do math...some people see it as high as 23%.

every education program specifically every real estate education program follows the same path. It's basically a cattle chute. That's why, as I develop my own mentoring and education program, I'm focus on taking money from deals completed with the student, and charging as little if anything at all up front... I haven't figured out the details.

I am an investor / flippers / landlord in Scranton wilkes-barre Pennsylvania in the northeast corner. Happy to answer any questions you may have about Pennsylvania or my local market or the business in general, it's always great to network with new people

Please PM me. I have a couple suppliers in that part of Florida,  I just need to know a little bit more about exactly what your target is. Thanks :-)  preciate it 

for me, northeastern Pennsylvania is the place to buy rentals.

Low entry point that is $30,000 per unit gets you a completed ready to rent rental unit.

Fairly high rents seven $800 is not uncommon six $700 Wright are pretty much the standard how are 

low taxes. Even the locals complain about it, the tax rate is typically $1,500 per 2 family property per year. 

Overall, that leads to a very good cap rate some were in the teens and sometimes higher.

I will preface this by saying I have zero experience with mobile home parks, so take what I'm about to say with a grain of salt. But I would not use full comp on the stick build home. The comparable homes in the area that you are using, or on lots with land where people will have their own property and not be bothered by neighbors and specifically not be bothered by mobile home park neighbors. I would imagine there will be fewer buyers of that stick built home because of the mobile home park, which means that stick built home will not have its full comprable value. Again, I don't know anything about mobile home parks I'm simply saying that most of the sellers or rather most of the buyers that I sell finish retail Homes to wouldn't want a park in their neighborhood let alone yard

congratulations that's amazing