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Results (10,000+)
Mike Cartmell Duplex Analysis
11 October 2011 | 7 replies
My quad's come out to 64,000 a door for 850 to 950 a month in rent on my apartments.I don't look at it only from a cash flow perspective however.The area I have the buildings in is an A location prime for redevelopment down the road.Mike it sounds like your local market is competitive with investors and your margins are thin.On one hand it is good to be in a thriving market where demand is strong because usually supply is lower and the amount of rentals and new development for multifamily cannot meet demand.This helps rents grow at a rate that outpaces utility increases and inflation.The downside is it can make some investors overspend on a property because they feel good about the market.I looked for over 2 years before I bought something.I said many times those buyers were nuts.I tracked the properties and many investment properties after purchase just 1 to 2 years later went into foreclosure.They bought at such a price that it wasn't sustainable.I look for a 10 CAP or better on my purchases.The problem is if you someone who has only gotten 1 percent interest off of a CD or Treasuries or they have gotten beat up in the stock market.Those types of buyers jump up and down to get a 7% annual CAP return beating out your offers everyday of the week.By in large many buyers like this can be lazy.They only look in the MLS for listed properties.Value can be found marketing to sellers that are not on the market.They don't want to make public all of their problems ( I know it is common knowledge of default at some point but this is their mindset ).
Kevin Cardinale "3 Hours Worth of Work for $10,000" am I doing something wrong here?
17 October 2011 | 20 replies
For what it's worth here are my observations.........1- 80% of the information on investing in real estate being sold ranges from totally worthless to incorrect and or possibly illegal2- another 10% might work under some circumstances but either the recipient of the information needs a much more educated and experienced background than he is led to believe or the circumstances regarding the success of the method being sold are limited to a certain geographical area or a certain type of market3- the 10% of information that has value requires work, dedication, persistence, education to be used successfully.4- Certain types of individuals can self study utilizing free information available online and learn as much or more as any program or course will teach them5- most gurus are not currently successful using the methods they teach; they may have once been successful in a particular type of market or in a particular location, but they are not currently utilizing the method they teach successfully.
Brad Z. Winter Purchases
13 October 2011 | 10 replies
Low enough to account for the extra costs (interest paid - or not gained if bought with cash, utilities, potential theft/vandalism, potential winter problems such as frozen/burst pipes that are now your problems, etc).
Dave Lamattina Capital Advisor to assist in Fundraise
14 March 2013 | 12 replies
They have been around quite some time and have an established track record so I expect to engage their services as soon as I have a deal locked up.
George P. Listed SS is abandoned - good or bad?
18 October 2011 | 12 replies
5. are the utilities on?
Tommy R Marketing!: Having people calling YOU to give you leads
10 February 2012 | 22 replies
Skip the H-wire stakes and buy the 4ft Sign Stapler for utility poles.
Daniel Dietz Using property held in SDIRA as a 'distribution' after age 59 1/2?
17 October 2011 | 2 replies
Not sure how the value is established for that purpose.
Ken Sanders Making Offer on Subdividable Demo Property - What Am I Missing?
14 October 2011 | 2 replies
No, I would not make any assumptions about the presence of utilities of any sort nor about your ability to connect to them if they are present.
Jake Kucheck Your Customer Service is Too Good
16 October 2011 | 4 replies
They both create and install signs, and since this listing is farther away then I would generally take, I decided to utilize both services and save myself a drive.Well... each time I called them, they knew exactly who I was before I said who I was, and had already processed requests I'd sent just minutes before.Don't get me wrong...
Ezra Short Making Money Quickly
17 October 2011 | 5 replies
Establish yourself slowly, then you will see the money flowing.