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12 June 2008 | 28 replies
I've never gone into someplace alone, but have gone to check the exterior and the neighborhood.
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4 June 2008 | 6 replies
I even put my magnetic "we buy houses" sign, with my 1-800 number, on my truck.
12 June 2008 | 9 replies
Ensure that the PM has keys to all exterior doors.Compare EVERYTHING to the tenant's move-in condition form.
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10 June 2008 | 19 replies
Please beware that the lady that stays there has lots of magnets along with other things.
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17 June 2008 | 7 replies
. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.
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9 July 2008 | 163 replies
I needed very little rehab, but did need a new exterior paint job, which I'm working on.
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24 July 2008 | 21 replies
Print my Ads, Magnets, etc.4.
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10 August 2008 | 27 replies
Yes I have call magnets, I have three different ads and buisness cards.i have recieve some calls but they where all cold.
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6 August 2008 | 12 replies
Pretty sure this is how it works out .I have walked the exterior of the property numerous times now,not sure if I like the looks of a very big retainer wall holding backearth in the rear, but everything else looks great, to me anyways ..
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29 July 2008 | 11 replies
I think some types of people would prefer an investor be backed by a company that adds credibility, than a one-off investor with a magnet on the sied of his car.