Matt Hernandez
Potential deal, but potentially delusional seller.
12 August 2015 | 8 replies
Here is some important information32 UnitsClass C property in a B neighborhoodA block from nice shopping, restaurants, etc.Original owner held since building in the '60's, recently passedOwner's daughter is out of state, with no experience in real estate (she is a lawyer though, so not clueless)Expenses appear very high (reported 75%)Many tenants who havent had rents raised in 5-10 yearsRents sit around $0.73/SF, there appears to be room to take them to $1Here are where things get interesting:Reported FinancialsGPI $222,000Expenses $152, 327NOI 44, 646Based on the expenses, I am comfortable saying that I could remove some, (for example, they are paying 2 management companies, one of which is family owned, I believe to reduce taxes).
Philip Nowak
How to Remove Rust From Metal Shed Roof
27 December 2015 | 18 replies
Nothing helped beyond some light surface rust as well as making the unaffected areas appear cleaner.
Jasmine Wilkes
my first apartment complex
8 February 2016 | 15 replies
You don't appear to have a strategy, just a property for sale which may or may not be a profitable opportunity.
Bill Gulley
Very Interesting For All BP Investors
28 December 2015 | 31 replies
It appears that confidential information has been blacked out, might read between the lines.You'll see the actors identified, it's not just wholesaling, but a network of the gurus.
Burt L.
Uncle Quit-Claimed House to Nephew, Who Wont Pay the Mortgage
5 January 2016 | 11 replies
I just double checked and now it appears that he quit claimed it to both himself and the nephew, which could muddy the water.
John Thedford
Our REIA Meeting With DBPR: re what is unlicensed brokering
10 August 2016 | 29 replies
Some may be brilliant, some not so much.There are a lot of moving parts on this runaway freight train of wholesaling, no one teaching it or it appears even doing it is aware of the engineering involved, much less attempting to explain all the parts.Getting a license isn't a cure for wholesaling, the license presents other legal and ethical issues that a non-licensee is not exposed to.
David Blue
Getting on board
11 January 2016 | 18 replies
@Ann Bellamy the Black Diamond website does not appear in your signature, but here it is. www.BlackDiamondREI.com
Matt Peebles
Multifamily buy and hold
22 January 2016 | 1 reply
I've spent the last 9 years battling illness and have missed the market opportunities that appeared in that time.
Charlie John
Seller continues putting off appt, despite interest in selling
23 January 2016 | 7 replies
The key, in my opinion, is to build trust and try not to appear to be rushing things too much.