All Forum Posts by: Bob Willis
Bob Willis has started 25 posts and replied 228 times.
Post: Private Lending vs Syndication - looking into both
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Quote from @Taylor L.:
Also bear in mind that it doesn't need to be either-or. You can do both.
thanks!
Post: Private Lending vs Syndication - looking into both
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Hey All,
I am thinking about moving out of the direct management of my rental units and moving into other real estate options. I am looking at a few things but recently have looked at Private Lending vs buying into syndication deals.
With Private Lending I believe the returns would be better, but the effort would be more (finding the deals, managing the deals, etc). With syndication the returns would more likely be less, but the effort would be much more passive.
Any private lenders or syndication investors care to share their experience. Have you done both, which you prefer, etc...
Thanks,
Bob
Post: Occupancy rates down in 30 of the 50 top markets. Where are you?
- Investor
- Curtis, NE
- Posts 231
- Votes 140
To me it looks like the Phoenix market is suffering. The entire valley is saturated and you are seeing people starting to sell their STR. I have been in the STR market here for six years. This is the slowest I've seen it. Rates and occupancy are down. The last STR I bought here (2019) was the only one within the entire subdivision when purchased, now there are more than 10. This is a 1 sq mile area, and not in Scottsdale (where saturation is really bad). Here is it is going to get worse before it gets better (if it does, but that is another question). I have the means to ride it out and I am looking for buying opportunities in the coming months/years. Just my .02
Post: Newbie here. Need recommendations for marketing my 1st rental
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Zillow has worked for me....
Post: Should We Expect Lower Rehab Costs?
- Investor
- Curtis, NE
- Posts 231
- Votes 140
All I know is that in the summer of 2021 I couldn't find an HVAC guy to answer my calls or give a reasonable response time - now they show up the next day.
Post: Help With 18-Unit Deal
- Investor
- Curtis, NE
- Posts 231
- Votes 140
@Tony S. congrats on the deal. Would you care to share on how you found it, what are your plans, etc etc...
Post: Looking to Verify Private Lender
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Hey @Nathan R Andersen - what are you trying to do with the Private Money? Is there something you are specifically trying to find out about the lender with your vetting? If they have the money to lend to you and you like the terms won't you be good to go? Am I missing something? Good luck.
Post: Rent room by room in Las Vegas remotely managing
- Investor
- Curtis, NE
- Posts 231
- Votes 140
I own a 4BR 2 BA house in Tempe I rent out by the room. Utilities are included with the rent. I charge $775/month. I have no problem keeping the rooms rented, BUT my son is in one of the rooms, so I have eyes on the ground. One other thing to note, I pay for a monthly cleaning service. I rent the rooms via Zillow (which posts them on HotPad). Good luck.
Post: Norther California Glamping Startup
- Investor
- Curtis, NE
- Posts 231
- Votes 140
So is the plan to sell, it sounds like that, or are you going to operate it? If you plan to sell, how do you determine the price if it is not being run?
Post: New the the website, long time listener.
- Investor
- Curtis, NE
- Posts 231
- Votes 140
Quote from @Nathan Holt:
Hey guys, I am a new aspiring investor and new to the website. I have been listening to the Bigger pockets podcasts for over two years now, and finally decided to get involved on the website. I am currently in contract on my first property. It's a house hack selling for $130,000 off market. 2560 sq. ft. duplex currently being rented for 685. Local comps are between 900 and 1,300/month so I will be raising the rent once we close. After repairing the property should be able to bring in a minimum of $1,100/month per unit.
Total monthly expenses come out to
Mortgage: $838.54 (at 6.875%,)
Taxes: $145.83
Insurance: $116.67
Repairs that need done are new paint, drywall repair, new floors, one kitchen needs a new ceiling, new cabinets in both kitchens, window replacement in basement, and the furnace will need changed in the next 5 years.
We are also getting a 7,000$ grant from the city for new investors which is very nice.
Hey @Nathan Holt any update on how the effort is going? Where are you at in the process?