All Forum Posts by: Aristotle Kumpis
Aristotle Kumpis has started 104 posts and replied 729 times.
Post: Mixed Use Commerical Property For Sale - Fully Occupied
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Here is a great small mixed use property for anyone looking for a stable asset. DM me if you are interested and want more information.
-Purchase Price - $1,300,000
-100% occupied
-Monthly income is $14,475
-Cap rate is currently 8.6%
-Six apartments and three businesses
-Three 2 bedrooms, and four 1 bedrooms
-One Pain management company, one chiropractor, and one day care
-There are no vacancies and there is a wait list for any upcoming tenants
-Exterior of building was just repainted this year
Post: Insurance Agent Recommendations - Ohio
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Hey Leroy. I have a recommendation that you can get a quote with. I have a few of my homes with them. And they only work with investors. DM me if you want their information. Happy to help. Thanks.
Post: Company Structure for Multiple Housing Rent
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
The best thing to do is to put each property in it's own LLC. That way each asset is separate. This is what I do.
Post: Keeping momentum and a positive attitude.
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Be persistent. How long have you been trying for? My rule is that whenever I try a new business, give it at least 12 months. Then if I still have no success, then I move on.
You say nothing cash flows? I guess it depends on where you are buying. But if you are doing long term rentals with 25% down, there are many things that cash flow. I have a client purchasing a brand new SFR with 25% down. And it's projected to cash flow $400/month net.
Post: build adu on property or purchase another property ?
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
I also agree that a garage conversion will cost much more. The permit will probably cost $5K alone, maybe a little less. Some cities are now giving you money in the form of a loan to help build ADU's, which is great. To me, monthly cash flow is better in the long run. It depends on what your long term strategy is though.
Post: Cleveland Duplex - Lots of Upgrades!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @James Wise:
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Quote from @Aristotle Kumpis:
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Quote from @James Wise:
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Still available! Message me for photos of this excellent cash flowing duplex.
What's the address bro?
The address is a pretty weird detail to omit from the ad. Even weirder to ignore the guy asking for it.
Hi James. I'm not ignoring you. But I work with a broker there, and I
see you are also a broker. I think that would be a conflict. I am
looking for an investor who wants to buy their first rental or add to
their existing portfolio. Message me if you want to discuss. Thanks.
It's a conflict for you to provide the address of a house you are advertising? This ad smells funky bro.
You don't want to give the address because you are afraid someone will circumvent you?
So what you're saying is you're illegally brokering real estate without a listing agreement & without a license?
If you're licensed to Broker real estate in Ohio, & you've got yourself a listing agreement, why are you worried about being circumvented?
Hey brother, I was just following up on this. According to the state of Ohio, you are not licensed to Broker real estate in Ohio.
___
I didn't say I was licensed in OH. I act as a referring agent there. I have an agreement with a broker in Cleveland, and they allow me to market properties.
Post: Cleveland Duplex - Lots of Upgrades!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Quote from @James Wise:
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Still available! Message me for photos of this excellent cash flowing duplex.
What's the address bro?
The address is a pretty weird detail to omit from the ad. Even weirder to ignore the guy asking for it.
Hi James. I'm not ignoring you. But I work with a broker there, and I
see you are also a broker. I think that would be a conflict. I am
looking for an investor who wants to buy their first rental or add to
their existing portfolio. Message me if you want to discuss. Thanks.
It's a conflict for you to provide the address of a house you are advertising? This ad smells funky bro.
You don't want to give the address because you are afraid someone will circumvent you?
So what you're saying is you're illegally brokering real estate without a listing agreement & without a license?
Post: Cleveland Duplex - Lots of Upgrades!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Quote from @James Wise:
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Still available! Message me for photos of this excellent cash flowing duplex.
What's the address bro?
The address is a pretty weird detail to omit from the ad. Even weirder to ignore the guy asking for it.
Hi James. I'm not ignoring you. But I work with a broker there, and I
see you are also a broker. I think that would be a conflict. I am
looking for an investor who wants to buy their first rental or add to
their existing portfolio. Message me if you want to discuss. Thanks.
It's a conflict for you to provide the address of a house you are advertising? This ad smells funky bro.
Post: Cleveland Duplex - Lots of Upgrades!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @James Wise:
Quote from @James Wise:
Quote from @Aristotle Kumpis:
Still available! Message me for photos of this excellent cash flowing duplex.
What's the address bro?
The address is a pretty weird detail to omit from the ad. Even weirder to ignore the guy asking for it.
Hi James. I'm not ignoring you. But I work with a broker there, and I
see you are also a broker. I think that would be a conflict. I am
looking for an investor who wants to buy their first rental or add to
their existing portfolio. Message me if you want to discuss. Thanks.
Post: Cleveland Duplex - Lots of Upgrades!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Still available! Message me for photos of this excellent cash flowing duplex.