All Forum Posts by: Kenneth Z.

Potentially 20% cap rate please let me know if you are interested in getting more details. 

Buy and hold opportunity in desert hot springs. 

Cap rate 17% send me a message via this post or my inbox to ask for additional details.

Welcome to the site take advantage of the vast amount of knowledge of the individuals on this site.

Purchase Price: $48,000

Potential Gross Yearly Income is $12K

Gross Cap Rate: 22%*

As-is Value: $65K

ARV: $87K

Estimated Repairs: $5K

Send me a PM or post any questions you have about this property. We are looking for a cash buyer for this great buy and hold.

A beautiful tenant occupied buy and hold rental property in Desert Hot Springs, CA.

Purchase Price $30,000

As-Is Value: $50,000

ARV: $65,000

Gross CAP Rate 17%

We are looking for a cash buyer that can close quickly on this extremely good deal. Please contact me here for any additional information that you might want.

I am thankfully to everyone on this site for the support and the kicks to the rear. I have locked up a 9 property contract and going through the rigmarole of figuring everything out but needless to say I got over my fear of calling. 

Thank you everyone for your insight. I think I just need to put a straw in my drink. I will post back every other day to let you all know the progress or lack there of.

Hi. I am writing this post in hopes of it helping me analyze my own fears. I am an active duty military member looking down the barrel of a medical separation. This is scaring me out of my mind. I have known that I would be getting separated for a while and have actively been trying to gain traction as a RE wholesaler. I have been sending direct mail and talking to my returns for about 4 months now. During these 4 months I have only come close to closing 1 deal. Something is happening inside my head recently and I am unable to pick up the phone and call my leads back. Even thinking about calling while I am writing this is making my head spin and my stomach flip. I didn't even have this type of feeling when I made my first call. I have the technical expertise to get a job outside the military and still support me and my wife. That being said living a militaristic life style for 7 years I don't want to be an employee. I just don't know what to do. How do I get over this paralisis? If anyone else has been frozen in place while being a REI, please share with me so I can fight back this dread and move on and gain traction. Thanks in advance.

It does sound like a great deal. It seems that it has enough meat on the bone that a fix and flip investor would be interested. That being said it is crucial that you calculated your repairs correctly. If you try to bring in a fix and flip investor and your repair math is off all of your numbers will be off.

If you are trying to sell to a buy and hold investor you need to know more than just the average market rate for rent. I would look up the math for buy and hold I am not an expert myself but there are great articles on BP for the buy and hold investor thinking