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1 September 2018 | 28 replies
Don't be mean, don't use terms like "slob," "pig," and "hoarder," don't look and act all judgey, but make it clear that you don't want her using the porch as outside storage, and that it's a problem.If she persist, send her the letter, serve an eviction notice on her, kick in the door, crucify her to a wall, whatever you want to show her how firm and steadfast you are and that your adamantine will in this must not be defied.But first make an effort to communicate nicely to her that the porch is a problem.
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11 October 2018 | 17 replies
I suggest you stick the 60 day notice of rent increase on her door TODAY.
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9 June 2019 | 37 replies
Without taking too much of your time, let's jump right in.Rent comparables, using the lower-mid end of the market:1/1 - $14753/2 - $2500Mortgage 30YF @ 4.359%, 14% downTriplex- 3/2 & 1/1 & 1/1Asking Price 519,000EGI65,400 - vacancy (5%) = 62,130Yearly Operating ExpensesTaxes (1.15%) - 7,785insurance - 1500 repairs (5%)- 3270CapEx (10%) - 6540PM (10%) - 6540Utilities - 1500Total Expenses- 27,135NOI= 34,99534,995 - 27,384 (mortgage- refer above) = 7,611$$$634$$$ CASH FLOW per month, or over $200 per door for this multi in LOS ANGELES, CALIFORNIA CA!!
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30 August 2018 | 2 replies
Life Goals--Own 15-20 doors by 2021-Become a success story within the BP family-Quit our JOBS by 2022 (w/passive income from investment properties and our real estate business) Financial snapshot for our purchase--$91k (1031 Exchange money)-134k (Cash and LOC)-Total=$225k to investWe are on a tight timeline with the 1031 money, so would appreciate advice on our overall strategy Strategy-As a seasoned investor, if you were in my shoes and with our goals in mind- what would your strategy be?
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30 August 2018 | 4 replies
I'm offered an investment offering outsized returns (20% preferred return over 90 days), and wondering what I can do or ask to determine whether it's a poor choice of investment.
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16 September 2018 | 10 replies
Depends on your strategy and if its just to get your foot in the door SFH could be the way.
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30 August 2018 | 12 replies
@Mark FriesLook up hIs resudence Stop at his house .Introduce yourself and explain the sItuatIon man to man Flash a thousand dollars cash in front of him while your at the door to entice him .i certaInly would not start with a big number like 5 grand .
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31 August 2018 | 22 replies
Because you are looking for 20 doors in 3 years I would suggest you look into multiple family.
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13 September 2018 | 7 replies
I am managing 13 doors locally in the Berwyn market, and I am working on acquiring more.
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30 August 2018 | 6 replies
I have no idea what the average unit size, or bed/bath numbers are like in your market, though.I may have given you too much information so below you will find a quick pro/con list.Pro: lived for freegained landlord experiencegained rehab/flip experince (from a hands on, and Project Management perspective)have a great rental when I move out ( I will cash flow over $150 a door after accounting for PITI, maintenance, vacancy, and Property management when I leave)It is less than 5 miles to workClose to economic anchors (community college, military base, and downtown OKC) Cons: Not the best town in the OKC metro (the street is safe, and so is the town, just not my forever area).