Natalie Gelbke-Mattis
Asking Seller to JV
20 January 2025 | 1 reply
Instead of discussing the possibility of owner finance with sellers - what if I offered the opportunity to JV where they are the equity partner?
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Kyle Jenson
New Dentist looking to create a retirement plan for myself thru real estate
24 January 2025 | 15 replies
Property owners are a prime source for collecting revenue.
Lorraine Hadden
Is There Such A Thing As Too Much Curb Appeal?
18 January 2025 | 4 replies
Upon arrival I noticed the curb appeal and thought it was overdone (of course, I initially didn't say anything to the owner).
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Ask to speak with some of their current owners and current/former tenants.
Michelle Baldwin
PMS Software to Link 2 Separate VRBO Accounts
18 January 2025 | 6 replies
I am now connected to and working with another owner and managing her property under my portfolio as well.
Gamal Harding
Columbus Lands Another Large Tech Firm! 4000 Plus Jobs Coming
18 January 2025 | 7 replies
As real estate investors and property owners, understanding the broader implications of this development will be key to navigating the opportunities it presents.Anduril Industries and Its Expansion PlansAnduril Industries specializes in advanced defense technology, including artificial intelligence, robotics, and autonomous systems.
Tiffany Palaskas
Sell or keep income producing duplex
30 January 2025 | 38 replies
Since the laws are not for the owners and we are no longer there.
Samuel Hudson
Weehawken rent registration
15 January 2025 | 5 replies
Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you .
Duane A. Snow
Selling WI property and turning profit into rental.
28 January 2025 | 0 replies
Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.