Ian McDonald
High home prices, Low rental market
23 February 2015 | 15 replies
@Ned Carey provides some excellent advice about searching surrounding areas.
Account Closed
What Exactly Would You Do In This Situation?
21 February 2015 | 5 replies
It has excellent loan terms so we do not want to lose it.
Lawrence Li
New Member - Hello!
21 February 2015 | 5 replies
A little bit about myself for anyone interested:I'm looking to be a buy-and-hold investor while continuing my regular job - I am looking to put money to work and would be potentially interested in doing so as part of someone else's deal; I would consider both SFR and MFR deals.I am an investor in my day job (currently private equity / buyouts, soon to become public equities) so may have some bad habits, or at least industry-specific ones, to break; I generally anticipate being relatively analytical / systematic in looking at dealsMy family held a few properties when I was growing up - I have experience personally doing refurbishing work and secondhand experience with property management activities (this will hopefully help me as contextual information, I don't anticipate taking on an active role in refurb or property management in the near future)Right now, I am trying to educate myself on the process of deal sourcing (MLS, wholesaler buyer lists, etc.) and market data sources; in particular, I would really appreciate any input on good sources for publicly available market-level data in manipulable format such as Excel or .csv as well as input from anyone who uses a systematic deal-screening approach both on their criteria and how they get reliable / quality data into a screening-friendly formatThanks for everything people have already contributed.
Chad Duncan
Deal or no deal?
21 February 2015 | 6 replies
I am looking at a property that is in an excellent neighborhood and the upkeep is really well done.
Michael Westberry
Overview of my first week of wholesaling
24 February 2015 | 12 replies
My first CRM was an Excel spreadsheet @Michael Westberry .
Blake Yarbrough
Cash Buying and Selling
21 February 2015 | 5 replies
I do know if YOU do any kind of work to the house that exceeds $500 and YOU're not a General Contractor, you have to hold the house for 12 months before you can sell it, or all of the work has to be done by a GC.
Tom Henderson
Structuring a ESOP Partnership with Operational Contractor/Carpenter
21 February 2015 | 1 reply
I'm the idea guy, but stink at Operational Excellence...The type of idea-- 1+1 = 3.
Josh Justiniano
20 Unit Older Apt Building - Your Insight Is Needed
25 February 2015 | 33 replies
Gross Potential Income $132,000 - Vacancy ($10,560) 8% - Concessions, Loss to Lease, Bad Debt $0 Effective Gross Income $121,440 Other Income (Laundry) $2,500 Total Net Income $123,940 EXPENSES Real Estate Taxes $12,500 Insurance $0 Contract Services $2,190 Trash Removal $0 Electric $0 Gas $0 Water and Sewer OR All Utilities $37,500 Legal $1,000 Management Fee 8.00% $9,915 Repairs and Maintenance $7,500 General/Admin $1,100 Payroll $0 Other $500 Deposit to Replacement Reserve $3,000 Total Expenses $75,205 Net Operating Income (NOI) $48,735 Debt Service Principal $7,384 Interest $24,857 Total Debt Service $32,242 Total Distributions to Members $16,493 Member Contribution $234,163 ROE 7.044% Member Cash on Cash Return 7.04%
Mike V.
HVAC guy needed in Maryland
24 February 2015 | 2 replies
Good evening everyone,Our team is in search of an excellent HVAC guy.