All Forum Posts by: Paul Amegatcher

 There is not enough info in your question for anyone to really come up with a good answer. Please be more specific with your question.  All we know at this time is that it's a 6 unit building with seller financing. 

Asking price is $250K, what are the terms?  

What are the rents and expenses? 

What is your goal or strategy for the property?

Is the property undervalued or overvalued?

Asking the right questions will get you better answers.

Dayton is more like a Honda Civic and less like a Pinto.  No matter what the cycle does it going to keep producing income. No you won't get much or any appreciation but you will get good cash flow for a long time.

 John,

One option for the land is to sell it to a low income housing development company. That areas has several low income homes that were recently built. Another option is to rent it to a farmer and recoup your purchase cost with a year or two whiles marketing the property for sale.

Welcome to BP. Dayton is great place to invest. One of the biggest advantages for an investor in the Dayton is the lot links and land bank program. These can be used to acquire properties for a very low cost. I would look at that for as a beginner to help with property acquisitions.

Paul

 John

Congratulations on the land purchase. Where is it located at in Dayton? Some areas are coming back where as others are neglected. I'm in Dayton as well and do quite a bit of wholesaling. Downtown Dayton is making a comeback and most Investors would not have believed that a few years ago. As with real estate location is everything. Also there are people looking for locations for different things so that 18 acres might have a lot of value depending on how it's marketed and what it can be zoned for. Good luck.

Paul

 I'm not a realtor but I wholesale alot and I'm based in Dayton, OH. I also know realtors that wholesale.  I believe since you are a realtor you have disclose that to the seller. You may need to use a board of realtors contract as well.  Any contract is assignable unless it specifically states that it is not assignable (Please check with your attorney as I'm not an attorney). If you chose to use a different contract other than the board of realtors contract then you could have a contract that states that Jalil Carter and or assigns.  Once you have the contract with your seller you can market that to your buyers. The good thing about your situation is that you don't to worry about brokering without a license since you are a realtor.  You may also have to double close on this contract if you plan on making $50K in profit. You can use transactional funding if you do not have the funds to close.  Good luck. 

1730 Radcliff Rd, Dayton OH 45406

Newly renovated turnkey rental. The property was just approved for section 8 housing and tenant is scheduled to move in on December 1st, 2017.  The rent is $900 a month with the tenant paying all utilities.  Property was extensively remodeled.  See below for a list of features that were updated.  Call Paul at 937-238-5851 for more information.

Updated features:

New paint

New carpet

New kitchen and appliances

New bathrooms

New waterproof and sump pump system in basement.

bump

I'm not a lawyer but I have pursued a few quiet title actions for my business. Based on the information given I would have to assume that your aunt may have been an heir to someone that owned the property at one point.  If you do not want anything to do with the property then you can answer and disclaim your interest. But since you have been served it will behoove you to see what they want and maybe even get paid for disclaiming your interest.  You should contact an attorney and have them respond to the quiet title action. Good luck.

 Jay,

I sent you an email.  I'm interested in this opportunity. Thanks

Paul Amegatcher