
19 June 2018 | 19 replies
You can search around and see if you can find their phone number, if you can not find their phone number I would send them a letter.

19 June 2018 | 4 replies
My goal is to buy it with conventional financing, repair it to be rent ready, and hire a property manager to rent it out.If you could recommend an investor friendly real estate agent, I would highly appreciate it!

20 June 2018 | 4 replies
I also will probably have enough money in the case that the house needs a major repair on it.

28 November 2020 | 5 replies
Hey @Steve Uhlig, I'm not super experienced but I vet BRRRR deals using 70-75% of ARV and then subtract the cost of repairs.

19 June 2018 | 4 replies
The maintenance man cannot shut off his phone in case there is an actual emergency.

19 June 2018 | 3 replies
I'm not positive how much an investor would be willing to pay in Woodbury, NJ for a rental (and should probably hammer this down more), but I found the house to be just break even (after 5k in taxes, vacancy, repairs , etc.) at a $60,000 purchase price and assumed $1,100 for rent.

19 June 2018 | 2 replies
.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

19 June 2018 | 4 replies
You can probably partner up with someone who will bring money for the repairs and 50/50 the added profit.

11 July 2018 | 4 replies
Ask to talk to the owner, talk to the local chamber of commerce, hit the phones spend a couple hours a dialing.

19 June 2018 | 12 replies
They are marketing; estimating repairs; contracting; appraisals; and negotiating.