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20 January 2017 | 5 replies
You could also partner with a Manufactured home dealer they are always looking for land to put their product on.
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20 January 2017 | 10 replies
Any advice is greatly appreciated.8bd/4bth legal 3 unit Unit 1:2/1 TNT pays all, rent 550Unit2:2/1 TNT pays all rent 475Unit 3:2/1 rent 450Asking price 100kARV 140kDp 5% at 5k loan AMT 95kLoan interest at 4%Expenses:P&I: 453Insurance: 100 Water sewer: 100Prop tax:300Repairs: 147.50 at 10%Capex:147.50 at 10%Vacancy:118.00 at 8%Cashflow: 158.46Cap rate:5.25%Coc ROI:38.03%GRM:5.65This represents a purchase at asking price however when I viewed the unit a couple things stood out the attic seemed to have done a little moisture issues so I'm guessing the roof might need replacing, also the tenant in one unit had been therefore 10 years, thus the rental are below market value from comparables a these units rent could conservatively be rented for 600 600 and 525 boosting cf to 383.46, the first unit has lower ceiling also the one tenant who'd been there for 10 years complained of the first unit being occupied by gang bangers who sell drugs out the unit.
20 January 2017 | 0 replies
The original roommate has caused much disruption here, between her alcoholism and related violent outbursts, to her drug use and threats, including calling the local police multiple times for a variety ridiculous things, all of which is documented, and more than once was told by the police she was becoming a habitual caller and a nuisance, then threatened with arrest.
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24 January 2017 | 4 replies
Arrive early to ensure tenant hasn't left drugs or guns laying about.
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3 February 2017 | 3 replies
I would like to add things like regulations on drug use, smoking inside, subleasing, etc.
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4 February 2017 | 52 replies
As for drugs, it may have occurred many years or months ago.
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8 February 2017 | 20 replies
With that many units you will be viewed as a dealer.
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6 February 2017 | 8 replies
wholesaling is much easier said than done... suggest you go back and get your RE license at the same time your attempting to wholesale.. good sales techniques that you were taught at the car dealer ship will be needed to successfully talk people into selling their homes for less than they are worth... plus to wholesale profitably you need a pretty good cash war chest to spend on your marketing.
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10 February 2017 | 20 replies
Google Maps are great but it wont show (maybe someone standing on a street corner selling drugs, or the sounds and roads).
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31 March 2017 | 28 replies
, drug trafficking, etc..., but some tenants can be "creative".So, what will I add to my next lease update?