
9 September 2018 | 2 replies
I know it sounds contradictory however, a good portion of my savings has been wiped out due to some unforeseen family emergencies.

5 September 2018 | 2 replies
I have a deal that is much larger than my normal purchase.Asking 3 million, I can buy for 2.75 million.Seller stated they are not interested in owner financing any portion of the sale.What are other options for 20% down payment?

9 September 2018 | 10 replies
Sometimes its hard when you built a trustworthy and reliable team to not continually using them but you can always use them in different assets classes and investment types in the same general area for a good size of your portfolio.You live in a nice spot as Cincy and Columbus are only an 1 hour away but those markets are pretty hot right now.. and Indy has always been known for a solid rental market..

10 September 2018 | 8 replies
Will try and price it for average sized rooms.

29 September 2018 | 5 replies
The property is all zoned residential and had a single family house, 2 small apartments, and 2 good sized auto shops with office space.

8 September 2018 | 46 replies
There are a handful of similar sized, similar aged houses in town.

11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses- (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story.

6 September 2018 | 4 replies
You have land with an existing structure on it, raw land, land that has been entitled, etc.The topography of the land, any views,if it has streams, flood plains, endangered species, weird lot size, etc. can all have big impacts on value.

5 September 2018 | 1 reply
It seems overpriced compared to comps but this particular property has a lot size of 1 acre and they were looking to maybe sell it to be used as a commercial space.

6 September 2018 | 6 replies
About a year into my tenant living at my rental house they told me the laminate countertop received a burn hole through it about the size of a quarter.