Brady Olson
Simpson St Louis
Owner murdered I don't know how to exactly go about this
17 May 2016 | 5 replies
I would personally bring in my Pastor and have him bless the property, a personal choice for me.
Travis Mills
Analysis of prospective buildings
7 June 2016 | 4 replies
Below are 2 of my buildings followed by 2 that are on the market in nearby towns right now:My building 1 (value of about 350k) : 4 2-bed unitsGOI = 52kcosts = 19kNOI = 33kmortgage(25 year): 25% down, 14k/yearCap= 9.4%CCR = 22%DSCR = 2.4BER = 63%My building 2 (value of about 325k) : 4 2-bed unitsGOI = 46kcosts = 17kNOI = 29kmortgage(25 year): 25% down, 12k/yearCap= 9%CCR = 21%DSCR = 2.4BER = 63%building for sale 1(asking 500k): 4 2-bed unitsGOI = 41kcosts = 7k (building is quite new, needs no work)NOI = 34kEstimate:: mortgage(25 year): 25% down, 20k/yearCap= 6.8%CCR = 9.6%DSCR = 1.7BER = 66%building for sale 2(asking 650k): 4 2-bed unitsGOI = 56.4kcosts = 10k (building is quite new, needs no work)NOI = 46.6kEstimate:: mortgage(25 year): 25% down, 24k/yearCap= 7.1%CCR = 13.6%DSCR = 1.9BER = 60%Both these buildings seem overpriced but for years I've witnessed many such buildings sell at similar prices, so these are market prices.
Timothy Swenton
Hi from Southern Maine!
20 May 2016 | 4 replies
Taking over my old mentors business has been a blessing and I am excited to carry his legacy on while building my own.On the side however, ive always wanted to invest in other places.
Lakeisha Howard
New member from Virginia
18 May 2016 | 2 replies
Finding this website is a blessing.
Mark Duemmel
Investor from Rochester, NY.
24 May 2016 | 10 replies
I'm a very blessed man in that area!
Account Closed
Help! HOW Do New Parents Do This?!
24 May 2016 | 33 replies
And I try to focus on how blessed we are to have such a beautiful, healthy child when frustration mounts!
Alicia Landrum
Ken Boone
William Collins
What was your latest deal?
2 December 2016 | 20 replies
Also just witnessed several bidding wars on SFR that went 50k above the asking.