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2 March 2019 | 4 replies
I made a deal for all four properties (3 singles occupied at $700/ month and one vacant double that needs $30k of repairs) for 100k.
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19 November 2018 | 5 replies
Would you be assuming that you are using a 6% seller assist on this too?
19 November 2018 | 9 replies
If so have you worked in an assistant manager, store manager, or district manager capacity?
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19 November 2018 | 2 replies
And between putting away money for repairs/vacancy.
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19 November 2018 | 6 replies
I just recently got licensed as a Real Estate Appraisal Assistant/Trainee and I am currently looking for a mentor to become an apprentice under.
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19 November 2018 | 9 replies
DO NOT over promise to make repairs for tenants that they do not request.
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18 November 2018 | 7 replies
95k purchase, 30k repairs, 194k ARV
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15 February 2019 | 6 replies
33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income - $400380Total Additional income $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439 Repairs/Maintenance $16,000Cap EX $20019 TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months
19 November 2018 | 1 reply
Our team's current setup is once we get the list, we a have virtual assistant team from the Philippines who contact our list and delivers leads to us.
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4 December 2018 | 19 replies
@Sam Besong Wholesaling as you are practicing it is illegal in Massachusetts unless you have a license to sell real estate.Here is Mass General Laws, Title XVI, Chapter 112, Sec. 87pp, describing the activities that require a license:"''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate."