All Forum Posts by: Uwe S.
Uwe S. has started 45 posts and replied 1063 times.
Welcome Ryan aboard of the BP Universe.
Maybe the commercial forum is not the right section for a start with flipping so I will inform Joshua Dorkin to move your topic to the flip and rehab forum.
-Uwe
Post: Is this a great deal?
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Thanks Justin, so maybe its in an higher crime zone? Do you know anyone in Phily? Who gave you the tip to this house or is this house on MLS/Realtor.com?
My first attempt is to send anyone to this house to show it. It can be an realtor/agent but even an handyman. Is there a lockbox on this house?
I know many questions but if the house not sold with all these price drops then there should be a hidden problem.
-Uwe
Post: Is this a great deal?
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
#1 question for me is, "Where is it located? Which town?"
Don't think so its in NYC for this price.
-Uwe
Post: question about mobile home park investing
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Welcome George to our BP world.
Wherefrom came the net annual cash flow of $575k? You saw on an P&L statement from the seller? Did you get an rent roll of the last three years, maybe the tax statements of this park?
-Uwe
Post: Cincinnati Ohio Handyman Special- Need to Find a Cash Buyer/Investor
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
I tip Joshua Dorkin off that ;).
-Uwe
Post: The date and Place of the 2013 investors summit
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Originally posted by Karen M.:
Thats an very nice idea.
-Uwe
Post: hello from eastside of cincinnati ohio
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Welcome Rodney to our BP world and Jon Klaus "Funny" ;).
Offtopic on:
Joshua Dorkin looks like at mentition don't work properly.
Offtopic end
-Uwe
Post: Buying a duplex/triplex and living in one unit/ renting 2nd/3rd unit
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Wow this looks really nice on pictures!
Do you have an agent on your side? Maybe attorney and/or home inspector? If so I see no prob to start with an offer. Good luck!
-Uwe
Post: Buying a duplex/triplex and living in one unit/ renting 2nd/3rd unit
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Brenton,
with an gross income of $26,700 you will net $13,400 a year with our 50% expense rule but if you can manage this propertie yoursalf you can calculate with 45% expenses include vacancy (yes I'm conservative) so you expect an CAP rate of nearly 9.8% at $150k and this is good for owner occupied properties.
If you want this propertie and there was no offers in last 4 months I would say start offer with only $130k revise up is anytime possible.
Do you know the condition of the house? Is there any rehab to do?
-Uwe
Post: The date and Place of the 2013 investors summit
- Property Manager
- Dublin, OH
- Posts 1,550
- Votes 291
Got an hot tip in Albuquerque, NM, up to 700 people and there 6 other hotels/motels in walkable distance. So rates start at $69 per night or in convention hotel from $119.
Own event director for this hotel and free dates available for weekends september 2013. Shall I call?
-Uwe