All Forum Posts by: Wayne Mack

Hi Everyone,

One of the clients I do bookkeeping for is selling a 15 unit mobile home park he owns for $425K. 

The numbers are as follows:

Asking: $425,000

Income: $7,100/mo. ($400-$550 Per unit)

Electricity - $290/mo avg

Misc: $100/mo.

Taxes: $930/mo.

Insurance: $195/mo.

Maint: $450/mo

Waste: $205/mo.

The owner does not own any of the units. One unit is rent free because the tenant collects the rent and does the maintenance. All numbers involved I can confirm as I am the accountant for this property. Please feel free to contact me if interested. Owner wants a quick sale, mortgage company is ready to close

Thanks

Hi Jazmine!

I am definitely interested in attending, I do not have any properties in Newark but I am from Paterson and I know a few Investors/Developers/Financiers in the Newark area who would be open to coming as well

Looking forward to the Meetup

Wayne

Duplex in New London County CT. The duplex is currently vacant, needs minor repairs to get it rent ready. I am looking to assign my position 

Repairs: Approx. $8k

Sales Price: 59,900

Market Rent: $1,100 per unit

ARV: $89,000

Contact me for more information

What are the renovations estimates?

Interested if still available - [email protected]

Hi Jeff,

Do you have any comps and an estimate of repairs?

You can PM the info to me or email it to me at [email protected]

Thanks!

Hey @Russel McMillan

I too am taking steps towards investing there as well. However, I am not and will not be living locally in the Detroit area. So hopefully we can network with some of the locals to get some insider market information

Good Luck!

@Katrina P. and @Dawn Anastasi

Hi Ladies, I am highly considering taking the route of getting funding through LC or Prosper, and it looks like you guys have had success doing it.

I just have a question, when applying for a loan, what do you guys typically choose for funding purpose? I've heard mixed reviews about the fine printed some clauses about not investing the funds in rental property. How have your experiences been with these platforms?

Thanks in advance! 

Hi Guys! @Bertha Gomez & @Corey Woodruff

I am from out of state and I am looking at properties in Saginaw, I would like to talk to one or both of you in regards to the area(s) and what to expect from tenants and neighborhood info

Ill send over a request

I would like to take a look into this 

please send me further details: [email protected]

Thanks!