Annette A.
Tired of hearing people say get a REAL job.
3 November 2015 | 101 replies
The job allows me to save money for estate investing, qualifies me for lots of loans, and accelerates my real estate investing.
Aleejandro Dela Vega
Purchase Florida rentals; Jacksonville, Tampa or Orlando?
13 March 2016 | 28 replies
The south end of 32234 ventures into very rural acreage and homesites with some dirt roads surrounding Jennings State Forest.
Jathiyah L.
First buy and flip yay or nay?
1 November 2015 | 9 replies
The house was winterized so gas and water was off.
JT Spangler
How to secure a property when it's not yet for sale
3 March 2017 | 22 replies
Since minority interests are generally protected from creditors, it's a good tool for estate planning. 8.
Chris Wallace
Any Winterization Tips?
12 November 2015 | 3 replies
Hi folks, I'm securing a vacant property for the winter, this will be my first time winterizing a property.
Annette A.
property delima: can't use conventional; cant insure
23 March 2016 | 16 replies
It is a HUGE OLD brick, solid structure 6 bdrm, no bathrm.It needs septic system and added indoor bathroom; roofing: chimney repair; rewiring; and an updated heating system. prestine location with like 100 ac. hardwood forest and 40 ac fields probably. it as an apple orchard, lots of maple trees for syrup. sunset, sunset view and southern exposure.actually i want it to turn into an organic homestead farm and run a buy local store/ and vending out space. aventually add some cabin rentals.
Erik R.
Potential 1st Buy- Need Deal Feedback
7 January 2016 | 16 replies
Gross income = $11,466 (assuming 9% vacancy loss) annualEst initial Expenses: $15K totalProperty requires the following est 'rent ready' improvements: New carpet in 1 room, new back doorwall, main floor bathroom updates, new fixtures, paint, etc..No central AC; I calculate based on comps I could get $100/mo. more with AC.. est $3-5KAdditional initial expense risks: Water seems to be leaking through cinder block foundation in 1 spot... no idea how much this would cost to repair/mitigate.Furnace looks very old; city winterization report shows it was functional, however no clue how much life is left...Recurring expenses:Taxes/Insurance- $4,450 annual // $379/monthVariable cost PM (10%), with 9% vacancy loss- $96/moI assume $500 annual expense/repairs plus $100/mo in reservesI assume $300 annual advertising/admin expensesTotal annual recurring expenses = $6,592NOI = $4,874In order to net $200/mo cashflow with PM (my own arbitrary target for my market) and yield >9% cash ROI, I need to purchase this property for $45K, assuming a 30yr, 20% down mortgage.This property would yield (with PM): $215/mo cashflow, 9.75% Cash ROI, 11.79% Total ROIThis property would yield (without PM): $310/mo cashflow, 14% Cash ROI, 16% Total ROIFinal rent/price ratio would be 2.3%thoughts ?
Marvin Anaya
Wholesale Without Letters
3 November 2015 | 2 replies
Something like "sell before winter" should do the trick.
John Warren
Drop the price to sell?
5 May 2016 | 32 replies
Houses look ugly during the winter, as everything is dead and barren.
David Innocenti
Covenants & Restrictions
4 November 2015 | 2 replies
With all the freeze and thaw cycles from our harsh Midwest winters the clay pipe has broken apart and collapsed.