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All Forum Posts by: Will Kirkendoll

Will Kirkendoll has started 28 posts and replied 104 times.

Originally posted by @Ned Carey:

What an idiot that is the kind of email that will get you fired.

 yes it could. I didn't escalated to management or anything. I just replied back that I'm happy I didn't do business with them.

Originally posted by @Clifford Paul:
Originally posted by @Will Kirkendoll:

3 times? that's insane @Clifford Paul who trains these people lol.  well that's good it closed on time. 

 I learned my lesson to stop shopping rates and stick with my little small bank. I've closed 43 loans with them and never one problem. 

so that's the key. find a small bank and stick with them. 

3 times? that's insane @Clifford Paul who trains these people lol.  well that's good it closed on time. 

I guess I was a little harsh but was never expecting the response I got from lima one today. Next time I will be sure to be not so rude lol.

thanks all for all the feedback. I don't know the reasoning yet I was at work when my assistant told me and I posted the question on here. I think is just because maybe she got her income tax back and wanted to pay a couple months ahead.  thanks again everyone

hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. should i allow her? feedback please thanks

Post: mr landlord 2019 cleveland?

Will KirkendollPosted
  • Lorain, OH
  • Posts 111
  • Votes 53

This will be my first time going to the convention. I bought his program it comes with tons of information, forms and dvd's and a couple free ticket to convention. I was at a REIA about a year and a half ago and a couple was there and just got back from the convention and had nothing but positives things to say about him and the convention. A lot of networking goes on there I've heard.

Post: help me anaylze this 5 unit deal

Will KirkendollPosted
  • Lorain, OH
  • Posts 111
  • Votes 53
Originally posted by @Michael Broudy:

At quick glance the NOI is around $14,000. When you factor in financing you are looking at maybe $4,000 - $5,000 in profit left over. That is without property management or any deferred maintenance, etc. In my opinion, you would definitely need to have increased rents and potentially a lower purchase price to even consider the deal.

thanks. I do plan on increasing rents an also offering lower than the 84,500.00. especially when the deal just fell through. thanks again for your input.

Post: help me anaylze this 5 unit deal

Will KirkendollPosted
  • Lorain, OH
  • Posts 111
  • Votes 53
Originally posted by @Michael Broudy:

Hello Will. You are going to need to provide a lot more information to evaluate the deal.  Can you describe the property a bit?  Here are some basic things that would be good to know:

 - What is the makeup of the units.....i.e. # of bedrooms per

 - What is the area like?  What are typical rents in the area?  Can rents be raised?

 - Does the property need work?

 - Why are 2 units vacant?

 - Is the listed rental income based on all units being rented or only 3?

 - Are you planning on financing?

 - Who is paying the utilities? I only see Water/Sewer listed.

Once you start to gather some of the information, an evaluation can begin.

thanks for responding mike.  3 units are 2/1 and the other 2 are 1/1. The agent said rent 325-600 depending on unit. which in undermarket 1bedroom goes for $500 and 2 bedroom-$650. so rents can be raised. The area is downtown on the lake and a few blocks from police station. I don't know about repairs yet. I will know more info tomorrow. I message seller on FB to see if will owner finance owner never got back with me yet. I do plan on financing it but haven't talk to a commercial lender yet . owner pays water and trash. tenant pays all other utilities. The agent said two units could of been rented but wasn't because of the previous offer. Agent said last year he had one unit vacant for month and other vacant for two months. The 3 tenants now have been there 2-11 years.  

Post: help me anaylze this 5 unit deal

Will KirkendollPosted
  • Lorain, OH
  • Posts 111
  • Votes 53

hello BP. I need some help evaluating this 5 unit deal. I never dealt with commercial yet. I came across this on loopnet. my fiance which is a realtor tried to call and no answer then she text the listing agent and the agent said the deal fell apart friday. I don't know the reason yet it was contingent on inspections. I haven't seen the property yet from the look of pics looks like some shingles are missing. as far as numbers the listing agent sent over the rent roll. can someone give me some feedback on this. 2 units are vacant. list price is 84,500... thanks