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All Forum Posts by: Zack Presnell

Zack Presnell has started 11 posts and replied 19 times.

Sorry to hear, but cash flow is King in the rental game. Anything else is a bonus!

Post: Maximum travel time to rental property.

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

When searching for rental property to purchase managed by yourself, what is the maximum travel time to consider before it becomes not worth it. Thanks for the experiences.

Post: Making an offer.

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

If you find a property and the asking price is alot higher than you would offer, do you still place your offer?

Example - asking price $375,000.00 6 unit apartment building. I would offer $225,000.00. 

What would be your cutoff and not even offer?

Thanks for input.

Post: Cap Rate

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

Thanks Bob! That explanation helps.

Post: Cap Rate

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

Thanks.

Post: Cap Rate

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

What is the least cap rate acceptable for rental property from seasoned investors?

Post: Mobile homes with land

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

Is buying mobile homes with property a good strategy for passive income from renting? I would like input (good and bad) Thanks.

Post: Lending options on 6 unit apartment building

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

Yes. It gives me direction of what i need to research. Thanks Jimmy.

Post: Lending options on 6 unit apartment building

Zack PresnellPosted
  • Rental Property Investor
  • Cleveland, GA
  • Posts 20
  • Votes 3

I have located a 6 unit apartment building I am interested in. I have no experience with multifamily properties. What funding options to aquire the property has any investors used and which are the best? For example 20% down and 5 year interest only or 20% down 30 year fixed. Thanks for your input.