All Forum Posts by: Andrew Schwartz

Hi Lillie,

Please send me information when you can. [email protected]

I highly recommend Rentec Direct. I've had zero issues. Very user friendly and helps tenants pay on time.

Here is a link: Rentec Direct

Great deal and wonderful outcome.

Looks good to me. Insurance does seem high. I️ would assume $100-$125, but definitely double check. Also, would strongly advise, having a property management company take a look at the property and suggest what would need to be done in terms of rehab.

Hi All,

My business partner and I are currently negotiating a mixed-use property. The property contains four apartments, one store front, and 6 individual garage spaces for storage. We are looking to acquire this property in the range of 450k-475k. We are allotting 50k for some cosmetic upgrades. Once all said and done, the rent roll will be $8,600/mo and NOI will be about $55,000. The cap rate for this area is 8% and is located in a B class neighborhood.

We are working with another investor and he has proposed structuring the deal as follows... He will be responsible for 80% of the down payment (25%) and funding the rehab. We will pony up the balance of the down payment (20%). Our responsibilities will include managing the rehab, marketing the property for rent, and property management. With that said, this will result in a 60/40 equity split; obviously, our investor in control.

We have been involved in REI for 11 months now and have one SFR under our belts- which happened to be a home run. This is our first commercial endeavor and certainly the direction we wish to move our business; apartment buildings being the goal.

We're new to the commercial space and are open to any comments/criticism you may have. I believe the deal to be advantageous, but curious to other opinions. 

Hey everyone,

My business partner and I are looking to expand our portfolio with the purchase of a vacation rental. Does anyone have any experience with owning a vacation rental AND providing a vehicle for rent along with the property. We are considering providing a used Jeep Wrangler (automatic, of course) for an extra fee for our potential vacation rental.

We are fully aware of the vast list of liabilities as well as potential group size restrictions. Just curious if anyone has had any success or headaches with this.

Thanks!

Congrats and beautiful work. Persistence pays offs!

Awesome- best of luck. My first batch letters will be reaching potential sellers today or tomorrow. Looking forward to calls and DEALS!

Hey, Frank Leake Christopher Lombardi. I would be interested in networking with some local investors. Currently live in Brick, but buy in Philadelphia. Feel free to contact me.

Hi All,

My business partner and I have purchased our first list via List Source and are ready to mail out our first 1,000 mailers. Few questions...

I am sure this is very subjective, but do 1,000 postcards seem appropriate for a first time campaign?

We are using yellow letter's postcards. The only information the letter provides to the potential seller about ourselves is a personal name and phone number. Would it be wise to set up our website prior to mailing out our first campaign.

Greatly appreciate anyone's expertise!