All Forum Posts by: Marci Stein

Totally dilapidated House ( nearly a tear down  )   on 6 acres upstate New York 

in hot area.

currently in foreclosure , couple living there , but need to sell before going to auction next week .
Asking $225 , 

multiple offer situation.

My offer : $75 k and allow them to stay there for one year at no cost.  
are there any pitfalls that I am not seeing with my offer , other than I know I’ll need to evict them in a year? 

There are too many factors here to give sound suggestions . 
the bottom line is , would it be more profitable to hold or to sell ?

anyway ,you have five years to think about that :)

Whatever you decide to do , do it now , not later. 
Florida real estate is increasing by the day

You are certainly within your right to 

enter , given the requirement of the

lease . 
don’t let your tenant bully you. 

Not sure how this happened , but now I am considered a senior citizen !

Wondering how many of us are there and , as investors , do the strategies change from buy-and-hold to flip ?

I no longer want to wait 10 to 15 years to see my homes appreciate . 

how are others in this age bracket going about investing?

Yes we would like to partner with each other . 
just don’t know how to structure this deal as I have never partnered with anyone before and given that he has no money makes it complicated

My friend/ Realtor found a duplex out of state for 35K . he knows the atea , i dont . 
I would like to partner with him but he has no cash . 

please suggest a way for me to give him half the money over a yesr , 

at what interest rate ?

would I then collect the rents from both apartments ? 
and how does the rehab work , since it will need about 7000 k 

to be rent ready , 

thanks so much!!

So the cap rate is not even 1 percent- merely .5?

Asking price is 875,000 k

NOI is 47,220

Cap rate  0.0539 ???

Makes no sence.what did i do wtong?