
18 July 2018 | 5 replies
So far I've complete a medium level rehab on a dilapidated property (Middletown) that's been in my family since the 1950s/1960s which is currently a rental property I manage for my mother, done a moderate amount of repairs on her house (Middletown), and purchased my own fixer upper (4 unit house-hack in Caldwell) where I've done a full rehab on one unit and medium to light work on the other units.

6 July 2018 | 8 replies
Would be more than willing to hop on the phone with you to discuss further.

5 July 2018 | 1 reply
My ARV for the this property is about $500K after repair.
5 July 2018 | 4 replies
They don't know if your structural repairs will be of quality or not thus making their risk much higher.

5 July 2018 | 8 replies
I’ve also found a single family for me that is in need of repairs.

6 July 2018 | 3 replies
So I am on my phone and that whole "mention" thing doesn't work so hopefully you are following this topic.Anyway, it's time to get her attorney involved.
5 July 2018 | 10 replies
Sophisticated CRM and follow up systems.3. 2 to 3 or more closers ( real people that the second the lead came in they were pounding on the door) now you will have others on BP who qualify folks on the phone and only work the with most motivated.. and I suppose that works were you have little competition or your competition for inventory is not keen.. these folks were in bigger MSAs.4.
5 July 2018 | 0 replies
-Gross Monthly Operating Income3,291.75 Monthly Operating ExpensesProperty Management Fees347.00 Repairs and Maintenance200.00 Real Estate Taxes250.00 Rental Property Insurance298.81 Homeowners/Property Association FeesReplacement Reserve50.00 Utilities150.00 AdvertisingMonthly Operating Expenses1,295.81 Net Operating Income (NOI)Total Annual Operating Income39,501.00 Total Annual Operating Expense15,549.72 Annual Net Operating Income23,951.28 Capitalization Rate and ValuationDesired Capitalization Rate8.00%Property Valuation (Offer Price)299,391.00 Actual Purchase Price167,500.00 Actual Capitalization Rate14.30%Loan InformationDown Payment33,500.00 Loan Amount167,500.00 Acquisition Costs and Loan Fees6,000.00 Length of Mortgage (years)15 Annual Interest Rate6.690%Initial Investment6,000.00 Monthly Mortgage Payment (PI)1,476.66 Annual Interest11,002.25 Annual Principal6,717.63 Total Annual Debt Service17,719.88 Cash Flow and ROITotal Monthly Cash Flow (before taxes)519.28 Total Annual Cash Flow (before taxes)6,231.40 Cash on Cash Return (ROI)103.86%

13 July 2018 | 6 replies
After a few phone calls between the previous owner and my mother it appears she is clearly avoiding to hand over last months rent.

7 July 2018 | 5 replies
Not eligible for any repair programs: they will go through a consolidation after 3 months.I could get a secured credit card.Just to add more clarity around the goal, I am aiming to get an FHA loan to buy a du/tri/quad plex.