All Forum Posts by: Arthur Banks

@Dan C.

My thoughts as well. I was having a discussion with someone and I agree with you. Figured I'd post and let the BP society decide who is right! :)

Where/how did you advertise?

For those of you who renovate and rent and advertise on social media sites, personal websites, etc., do you show before and after pictures or simply the newly renovated property?

@ALLEN KEYS Good to see someone close. I know I'm months late to this party, but wanted to jump in and say welcome aboard. Great info on this site! If you haven't already, check out the Lake County Property Investors Assoc. meetings. Matter of fact, there's a meeting tonight. Hope to see you there!

@Marcia Maynard Wish I knew about biggerpockets back then. I didn't know any local investors to ask. I didn't even know there was a case manager to contact. I inherited the tenant and knew nothing about Sec. 8.

@Will Barnard Thanks. I presented the idea and left them to discuss.

Are you saying these are TWO DIFFERENT ways to calculate?

1) cashflow / rule%

2) cashflow*12/ROI

Because you lost me with cashflow / rule% = Cost & (cashflow*12)/ROI=Cost

@Dan C. Good to know. WI is new territory and a learning curve, but appears the is better opportunity than here in IL.

Yes, I'm just on the border, I've been to both meetups thus far. I'm about 45 mins away. Well worth the trip. Look forward to meeting you. Next one is 1/25/14.

@Ibrahim Hughes I'm looking at it now. Thanks!

@Dan C. You make a good point about the needed work. Hard to improve around tenants.

Are you part of the MKE BP meetup group?

@Pete T. What other details should I provide? I didn't think anything more than the numbers provided were necessary since this post was about my concern about vacant vs occupied. But I can definitely provide more. Heck, my numbers may be way off. I do plan to post in the Deal Analysis Forum before I jump in tho'.

I agree about the inherited tenants issue. That's what concerns me. Been there done that. But that was my own negligence. Long story.

@Christopher Dumelle That's an option. I'm looking at partnering to possibly do that. I'm using BP Buy 'n Hold calculator. Again, very loose numbers and I'll know better when I see them.

@Andre M. Good suggestions. How do you work the numbers backward to come up with your guesstimation?