All Forum Posts by: Wil Kacos

Is anyone a realtor and investor in or around Reading, Ma. My dad has acquired his parents home which is in poor shape. I am a realtor and investor, but I’m in Georgia so my market knowledge is limited. What is the norm for projected profit in the area. We do 20% of sale price in my market, but we are often working with $150k-$250k sale prices on the back end. It seems like in the higher price points you may have a set profit amount you want to reach.

Hey Guys/Girls, I have gotten myself into a pretty good situation. A couple months ago my partner and I went into closing on a mobile home. As we are sitting at the closing table our attorney, who we do a ton of retail business with, tells us he doesn’t have the title to the mobile home in hand yet. Being a guy that my we both trust a lot, we ask him what he would do. He tells us that the title will most likely be sent with the canceled lien. No big deal right.... Well it has turned out to be a huge deal. The title wasn’t sent with the security deed to the land and the lien holder of the land says they never held the title. There are no open liens on the prop and the only lead that we have is BoA who, of course, say they don’t have it and never did. Lastly, we have the property sold (we’re just now learning about these issues as the original lien holder took their sweet time sending the security deed) and I can’t provide marketable title to the mobile home to my buyer. I’m not going to sell this property to sone one who can’t then sell it when they need to. Has anyone ever dealt with something like this?. I live in Georgia if that helps anyone with their advice. We

Looks great! Way to go!

Hey Guys, I’m fairly new to investing and have been lucky enough to be surrounded by some really great investors. My short term goal is to create enough passive income to allow my wife to stay home with our baby(s). I was taught from the beginning that when you buy a buy and hold, first you look to buy a property at a 20% + repairs discount, then you need at least a 13%-15% net CoC return. I’ve been analyzing a ton of deals and can find deals that will cash flow properly, but I’m having trouble finding the 20% + repairs equity. My question is, should I reduce my equity requirement and focus mainly on cash flow to reach my goal, or is the equity discount to valuable as a downside hedge/exit strategy to ignore?

My understanding is that the grace period is up to the landlord and none has to be given if you decide against a grace period. I do 5 days and $50.

Hey Guys, I’m looking at a set of duplexes (4 total doors) and I’m wondering if I should evaluate it as a traditional residential property (price per sq/ft, etc) or as a commercial property which would be more cap rate driven. At which point does a property evaluation switch from residential type evaluation to commercial evaluation? Thank you in advance!