All Forum Posts by: Daniel Peavey

 Hi Joe,

Nice to meet you.  

First one was 25k, bought cash.  Worked 9 months, all sweat equity, invested about 20k.

Financed the next four, very high ROI, ruthlessly used passive income to pay off two in a few years, then financed two more

 Hi Nick

Where you from in Boston?  So, your in Florida now??

Any deals down there?  😊

Yeah, Boston expensive, but good equity as you know

Nice meeting you

Peavey

Hi,

Daniel Peavey is name. Bought 7 houses in downturn, within 2 years. Great ROI.

I am licensed electrician, 25 years industrial electrician, family HVAC license, many retrofits I have personally done

Looking to expand into small apartment complex and get more connected to investor network in Atlanta area

Originally from Boston, and eventually want to do some deals in Boston where it is expensive but great equity 

Thanks

Danny Peavey

thanks good info guys

What about ROI

Does ROI increase as years progress and investment cash returned ?

Can you view it in that manner?

hi

I bought a property in Atlanta area 5 years ago

Price 40k

Noi =7k

Cap rate = 17.5 percent

Question:  property is now paid off

Can I think and articulate , saying cap rate is now 100 percent??

No.  Not having any problems.  just curious as to this strategy and if any other investors

executed this

What do fellow investors think of selling investment property that is paid for 100 percent.

Acting as bank.  30 years of payments.  What are costs associated with foreclosing process.

What are other benefits and pitfalls