Douglas Wolf
new services
7 October 2011 | 3 replies
That said, in order for us to grow the offerings we can provide to our users, we need to actually make some money.
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 ).
Willie Mckinney
Hello
19 October 2011 | 7 replies
Here hoping to learn how to make my business grow.
Rich Weese
Are you betting over/under on rental rates in 2012???
17 October 2011 | 12 replies
It has been rated one of the fastest growing cities in the nation in 2011.
Bienes Raices
Going directly to the REO listing agent -- another question
19 October 2011 | 9 replies
If the agent spends a good bit of time with you and you back out, you can expect that to influence his/her decision to want to deal with you in the future, especially if the properties they are marketing are popular and they have other buyers.
James Park
New Landlord. How to handle a situation when tenant cannot pay the full rent amount
21 June 2012 | 51 replies
James I wasn't born with a silver spoon in my mouth.I had very tough times where things were lean growing up.It builds character and makes you remember where you came from.Having said that you can't let emotions make business decisions for you.This woman has allowed her kids to invade her life and mooch off of her.She has ultimately made that decision.I can see where that high payment without assistance is strapping her.I can't tell you the number of kids who are draining their parents dry and using them.It makes me sick to think of these types taking advantage.I am not talking about a temporary blip where someone is down on there luck but a continous pattern of doing the minimal only and getting the rest from the parents.I have tons of tenants with my apartments and I hear it all.When you have apartments they all talk.If you are soft with one they will take advantage.If you are hard with all they will leave because they can't manipulate and the other ones will pay on time knowing they will be gone if they don't.
Cheryl C.
What are you invested in outside of REI?
18 October 2011 | 26 replies
I working on it so someday my real estate brokerage grows to be a nice addition to my primary investment business.
C & J Metzger
Okay BP Nation What are your TOP 5 favorite books on REI?
27 February 2013 | 12 replies
Eldred•Lead, Sell or Get Out of the Way•Make it Big – Frank McKinney•Maverick Real Estate Investing – Steve Bergsman•Millionaire Real Estate Investor – Gary Keller•Rework•Strengths Finder 2.0•The Alchemist – Paulo Coelho•The Art of the Deal – Donald Trump•The Big Book of Real Estate – Robert Kyosaki•The Go Giver•Think & Grow Rich – Napolean Hill•Landlording: A Handymanual for Scrupulous Landlords and Landladies Who Do It Themselves – Leigh Robinson•What Every Real Estate Investor needs to Know about Cash Flow – Frank Gallinelli•The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate – Before Public Auction – Thomas J.
Mel Rosario
Need insight on buying SFH or MultiUnits in 2011 on up
17 October 2011 | 3 replies
These days, appreciation may grow at a snail's pace for the next 7-10yrs.
Sharon N.
Bookkeeping for Landlords
28 August 2020 | 20 replies
QuickBooks seems to be the popular software so far.