All Forum Posts by: Dan Mitchen

@Sam Stout Negative. 

@Jesse Whitney-Blane Yes, but it's $600/mo per property rather than $300. Only $300 per property if they go vacant in the first 6 months.

@Nick Sandoval Nice!  Where at? If I can help with anything feel free to reach out anytime!

@Christopher Blanco  I'd suggest using your marketing skills to try finding off market deals. Start talking to hard money lenders and see what sort of products they offer. Love the goals, best of luck to you!

@Donald Jeune I have some free time tomorrow early afternoon. Let me know!

Still available and owner adjusted the terms to the following:

4226 & 4229 Stonehaven, Cleveland Heights. Both are SFR and occupied at $1,100/mo per property with tenants paying electric and gas.

-$15k down as option money with a $140k purchase price. If you exercise your option to buy, that $15k will be credited towards your purchase. If you don't exercise the option to buy, the seller keeps the $15k.

-Buyer pays the seller $300/mo per property

-If either unit goes vacant within the first 6 months, the owner will lower the lease payment to $300 until you find a tenant (again, has to be within first 6 months)

-Owner pays insurance for both properties and taxes for 4229. Buyer pays taxes for 4226 ($3,240/yr)

-The owner will split maintenance costs if the repair is $500-$2,500

@Antonio Biasiotta Can you msg/email me the income & expense info, as well as address? [email protected]

Thanks!

@Ken Friday No problem, shoot me a msg when you get a chance!

@Ken Friday Hey Ken! I'm both a property manager and realtor and have experience with multi-families. Let me know your questions/concerns if you think I can help!

@Archie Antwi I know of a triplex over in Cleveland Heights that's grossing $22,500/yr. Shoot me a msg and I'll send you the details.