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30 May 2018 | 0 replies
Purchase price : $80KMajor Rehab: $ 40k - $50 k (depending exit strategy)ARV: 170K-175KRent : $1600/month Neighborhood: ZIP 77062Median rent: $1800great school district ( 7/10),median home value $175k , average home value $219k. owner occupied 69% renter occupied 27%. median income $ 88k, average $ 117k. population growth 0.9%/YR crime: safer neighborhood (per trulia)Exit strategy: BRRR strategy: potentially 5k-7k profit after refinance, cash flow $100/month (including PITI, capex, maintenance budget and property management).
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2 June 2018 | 8 replies
We attended the than Merrill workshop and yes a lot of good information but if were going to be honest they are a business and they make a lot of money on people buying their products so they won’t give away any others that’s could help newbies out.Is wholesaling a good way to get started?
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31 May 2018 | 2 replies
Syndications are similar to REITs but, on average, have higher risk as they are chasing lower quality assets.
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31 May 2018 | 1 reply
I'm looking in the KCMO market and used the average property tax rate of 1.38% in jackson county as my number for taxes(not sure if this makes sense).
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4 June 2018 | 22 replies
Now we are focusing on larger facilities 50,000 sq + but I would guess if you are trying to maximize NOI any facility needs active management.Across our portfolio of 47 properties we average 13% of our revenue from ancillary income like truck rentals, tenant insurance, POS (Point of sale) items like boxes, tape, locks, etc.
1 June 2018 | 4 replies
If you take average sale price if $274,000 then it is $700B.
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4 June 2018 | 5 replies
Small multi family properties 4 units and under. 2 bed 1 bath or 3/2 if availablePurchase price under 225-200k with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses. ( currently we are averaging about $175 per door cash flow) Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company.
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28 June 2018 | 12 replies
Some of these syndication deals have fixed rates for 30-35 yearsI have a 7/25 with no balloon...fixed for 7 years, floats for the remaining 18 years...hybrid product.
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2 June 2018 | 2 replies
How much are triplex or fourplex running for on average in okay to good areas of all of southern California(LA to SD)?
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17 July 2019 | 12 replies
Three years of tax returns showed an average NOI of ~$25,000.