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20 May 2012 | 12 replies
If I paid the full amount, my Cash on Cash return would be 9.26% and a cash flow of $82 a month per door.
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14 February 2014 | 8 replies
IMO good photos get people in the door and sell the house.I had to go through a few photographers until I found one I liked.
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25 May 2012 | 17 replies
In this case, the seller manages it himself (he lives next door).
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20 August 2013 | 15 replies
I built a custom special needs residence that has no steps, either inside or outside, wider door opening, extremely low pile carpet, no cabinets below kitchen and bath sinks, wider halls, more exits, and a large shower with no lip.no curb between the floor and the shower.
11 June 2012 | 9 replies
If the dog isn't tearing the place up, there was a way for me to access the front or back door without going through the dog and I didn't have any legal documents proving the dog couldn't be there, I'd probably just make sure I had the umbrella coverage from Lloydes (I use Lloydes myself), and then forget about it.
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23 May 2012 | 3 replies
1 beds have much higher turnover.The 2 bed in a different area could be in a more desirable area where rent growths,supply and demand,and appreciation is better along with cap rate compression.The same could be said for the 1 bed depending on where it is located.The 2 bed could be under market and you purchase and get 100 per month more per door and the income scenario changes.Some landlords keep under market rents to avoid headaches and turnover repairs and keep them full.They have paid debt service down over the years and dealt with so many headaches getting full market rent they do under market to not have the hassle.When you are slightly under market you can get picky and take the most well qualified tenants.Just like buying a house tenants in good standing want the nicest place they can find for the best price.
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20 August 2019 | 18 replies
Come over when they are not there and open the door and let the animals out .
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30 May 2012 | 15 replies
You can go after multifamily buildings that are at 50%.Buy with cash and turn around and hold long term for cash flow.You can refi the equity out tax free to pursue more properties.When 50% occupied you can turn around some rentals with cash coming in.Multifamily short sales are good because generally by the time a bank takes REO it is vacant or near vacant and too much damage has occurred.For example buying a property of 100 units that is 50% occupied and paying say 10,000 a door for 600 in rent and needing 3,000 a door in repairs is better sometimes than buying a completely vacant property for 4,500 a door but needing 12,000 a door in repairs with no income coming in.With your 5 unit built in 1925 how much land is that??
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25 May 2012 | 5 replies
They usually get tacked up on the door.
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1 November 2013 | 29 replies
You have to cold call, knock on doors, get referrals, or do some type of marketing.Same with your website, it's not going to get you leads just because it's there.There are options like SEO, PPC, FB, direct mail, and various of different options to go with when building traffic.So get to work and start marketing!!!