
4 April 2015 | 16 replies
I made my offer at $147k (So I can at least snag $150 a door and maybe $200 down the road, but that's speculative) because at $175k (list price) there's no profit, I would say it's a loss if you add the time involved in organizing the deal, and $180k, you're cheating yourself.Your monthly maintenance is too low, I would at least say $100 bucks a month, if you include cap ex make that $170 a month.There's no profit in the deal, the square footage of the house sucks, you have no backyard, no garage, you're going to need to build a car port, you're within kissing distance of another duplex so you have no privacy, and it doesn't matter how close it is to the med center, your rents will stay low due to the fact that the property is missing the aforementioned features.

6 February 2015 | 21 replies
I don't think it's necessary to respond to newbie posts with such a condescending tone.

19 March 2016 | 15 replies
From what I have seen in these two areas the property is going to need have some level of distress for the numbers to work.

28 May 2015 | 8 replies
When a deal pops up you are going to need the cash to jump on it.

16 February 2017 | 7 replies
Your going to need to do direct mail and be the sellers only choice.10 caps for stabilized multifamily in decent areas were trading 2 to 3 years ago.Now everybody of course wants to buy them at that but they are not out there hardly at all anymore.You will get claims of a lot of 10 or 11 cap but they are claiming fantasy holding costs numbers of 25 or 35% in a C area when it will run 55% to 60% costs per year.

6 October 2016 | 13 replies
@Karyn T.: One reason I like this property is that taxes are oddly low at <$4k.

13 May 2015 | 4 replies
I'm really going to need to break down the tax advantages of both.
3 January 2017 | 6 replies
Tomorrow morning, I am walking three separate triplexes, and I know I am going to need to take down a lot of notes and receive a lot of information.Does any seasoned investor have an app they consistently use to take notes when viewing a property?

31 July 2016 | 17 replies
I would try to keep the tone friendly at the onset.

16 January 2017 | 4 replies
They seem to need to relocate every so often.