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13 January 2025 | 15 replies
Usually all you need is a couple really good comps to know how your property would do and that is easier to find with a paid version of Airdna.
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7 January 2025 | 4 replies
We were being transferred to that area and went up to look at a couple different homes in the area and that one came up that day, and we made a full asking offer immediately.
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9 January 2025 | 5 replies
I can't remember the cost, not too bad, but no phone callsI sent out 1,000 mailers (letters) I designed in envelopes a week for a couple of years and made a ton of money buying properties using "creative finance" some call subto.
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3 January 2025 | 42 replies
I had a brief F2F with Ivan a couple weeks ago when I ran into him at a conference in FLorida.
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14 January 2025 | 19 replies
@Tod DuBois couple of thoughts:1) If you're getting that many leads - raise your price!
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5 January 2025 | 5 replies
My husband and his partners sold their company, and he is transitioning out of full time employment there in the next couple of months.
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5 January 2025 | 4 replies
He is renting the unit and will carry a bit of debt for a couple years but once he is clear of that he will do very well for himself.Park owners want their empty spaces filled.
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7 January 2025 | 16 replies
You can find some absolute MTR gems near smaller hospitals that aren't so obvious but ultimately, housing supply in the area is something I'd say is more important coupled with your amenities.
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10 January 2025 | 14 replies
Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.
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6 January 2025 | 2 replies
I've been analyzing a couple deals in the OH market recently to get some practice (my research tells me it's one of the few decent cash flowing markets).