All Forum Posts by: Steven Segal

Yeah, it does kill the value. You are going to be the one that adds the value - you should. More so, you are buying a liability with the park owned - that rent doesn't support the additional repairs and maintenance. If they move out, you are on the hook to get it fixed up. Is the 200-300 above the lot rent or is that included? City utilities? 

If you are looking for financing, I could help you out. Shoot me an email or message. 

I have a couple lower income houses. Carpet seems like a losing proposition. I have heard good things on vinyl plank

Questions:

1. How does glue down keep up? Do corners come unglued easily?

2. Do people prefer glue down or click? What do you pay for install of either?

3. Does anyone use the rolls of vinyl? thoughts?

Any insight appreciated.

When a past tenant moves out and their balance exceeds what a security deposit will cover, what is the procedure tat this point?

Can you just send it to collections? Can you send just the rent portion or the damage portion as well? and whatever questions come up when this happen...

When a tenant sends in a rebuttal to a security deposit, what happens after that? Does it just sit there until statute of limitations is reach? And when would that be?

We are looking to sell off part of our Cape Coral/Fort Myers portfolio. All units have tenants in and are cash flowing. We are looking to get market value on sales. 

Seller willing to sell portfolio with 25% down and hold paper. 

We have SFHs, condos, and multis. 

Please email [email protected] if interested with subject 'Portfolio Sale'.

If you are ever looking for financing in SWFL Florida. This is where I invest and I have good access. Good luck. 

Steven

Currently offering longterm debt on buy and hold properties. We will lend in all markets. 

75 LTV; 25 year am; 7.5%; 5 year balloon

The terms are somewhat negotiable. We will look at the deal and the cash flow. 

If interested, please connect with me on here and send deal specifics to [email protected].

Cash flowing SFH for sale in Milwaukee. New roof and other updates.

With projected pro forma: Taxes at $149/mn, $30/mn insurance, $80/mn management, $85/mn in repairs and maint. This bring cash flow before debt to $500.

Willing to do land contract or seller financing with 20% down. Debt at 30 year am; 6.5%; 5 year balloon. This brings it to right around $350/mn. 

There is room to raise rent on this one. Market closer to $1000. 

Cash flowing duplex in Merrill Park area. Up and coming area in district being further developed by MillerCoors, Marquette, and Harley Davidson.

Both units are rented out to longterm tenants at $650 each with security deposits in place. 

We will finance with 20% down to investors. The loan is 30 yr am; 7%; 5 year balloon. ($461.77)

The price is based on a 10 cap with 10% management, $40/mn for insurance, actual taxes of $217, $130/mn for repairs and maintenance, and $60/mn for water ($240 per quarter).

** SF is from city divided by two. Seller asks buyer to confirm SF if necessary.