Ryan Gibson
New to Seattle
3 February 2016 | 4 replies
As I'm sure you know inventory is low and prices are high within the Seattle area, the greatest value proposition my company brings to the table is we get access to a fair amount of Pre-Markets properties weekly.
Willny Guifarro
Question about Fifth Ward, Houston Market
4 February 2016 | 10 replies
It's scheduled to improve but not anytime soon You do better going for 3rd ward area is booming historic district in reconstruction money all over 😀
Max Guerrero
Checking in from Seattle WA
6 February 2016 | 9 replies
As I'm sure you know, inventory is low and prices are high in Seattle and my company has access to a fair amount of pre-market listings!
Mic Nguyen
Should I sell
8 February 2016 | 14 replies
Increasing the rent will dramatically improve your ROI.
Shanel Wiggins
Property Classification
10 July 2019 | 1 reply
There’s less appreciation potential unless the investor repositions the property and improves operations.
David Huynh
Analysis/Feedback - 4 plex in St. Paul
3 February 2016 | 3 replies
But could be improved with the right group of investors.
Sarah Korsah
10 year tenant wants to build a deck and pergola.
8 February 2016 | 12 replies
Personally I wouldn't have the tenant build it, but 10 year tenants looking to improve the property may tend to keep staying.
Reginald S.
Do I need to use a Purchase & Sales agreement?
4 February 2016 | 3 replies
With this said, overpaying for a mobile home AND over improving a mobile home are two big areas where newbie mobile home investors spend too much money.
Elizabeth Colegrove
It's Official! Our 8th has Closed
8 February 2016 | 28 replies
It is a great feeling to roll another hard-working property into the inventory!
Rich Ferradino
First Mobile Home Park Under Contact
6 February 2016 | 7 replies
And the best kicker is that the owner is willing to finance it with 15% down and 6% interest, which is better than any bank.So, I'll go ahead and use the formula mentioned to see what the worst case scenario would be:$800/mo x 10 homes = $96,000/year-50% Vacancy and or expenses = $48,000/year-$1900/month mortgage = $23,000/year-$250/month water = $3000/year-$110/month trash = $1320/year-$1943/year property taxes per-$1800/year insurance-----------------------------------+$96,000 Income-$48,000 vacancy/repairs-$23,000 mortgage-$3,000 water-$1320 trash-$1943 property taxes-$1800 insurance-----------------$16,937 Net Operating Income @ 50% expense/vacancyWe would have an extra $19,200 if we can keep it at 30% which we're hoping/expecting to be at on the second year after doing some improvements and getting everything rentedWe also believe this can make us look good with the bank for owning property and having cashflow to be able to get another bigger loan in the future.