All Forum Posts by: Lawson Ott

@Dale Lotts

sounds like your problem is one many would like to have.

lots of good info by others, already.

the only thing i would add, is maybe it is time to outsource the screening/showing?

outside of major cities. the in-between areas are usually blue collar and reasonable.

my area in between Indianapolis, Dayton, Cincinnati usually has stuff come available in the $20k-$100k range and that could be a duplex upto a 4-plex. in fact in the span of a year, $200k would get you 8-10 duplexes all with at least a 2% cap rate.

250/yr for 25 feet of land? sounds like a waste.

i would try to get the easement changed. or i'd divide it off and quit paying taxes on that parcel, let the county steal it and leave it for them to try to do something with it.

beyond that, i wouldn't know what to tell you.

if you solely own a 1/3 share, you can quit your 1/3 claim by yourself.

you are the sole grantor of your share.

(that is unless there's some tricky wording [which is rare] in the ownership arrangement. advise you to seek competent lawyer)

@Errine

whenever you start, you'll wish you had started sooner. so start yesterday.

1. look at the property in question.
2. what would it rent for?
3. multiply the rent by 50
4. if the all-in cost (PITI+vacancy+maintenance+management+incidentals) is about the same price, you likely have a good cash flow property.
5. sales 101: every profit is a good profit. maybe it's only one cent, if so, do thousands more.
      (example: bob buys toy for $9 and sells to ted for $10. ted sells it back to bob for $12, bob sells to joe for $13. bob has earned $2.

try to shoot for $500 cashflow, maybe you wind up with $25. it's still a profitable business.
but if $200 makes you feel comfortable, go with $200.

 aww... shucks!

steve lawson is big in that area. he's always on the local fb groups.

if you want to expand beyond the city limits, maybe you and i could work together on some deals. send me a colleague request if you want.

i too looked into those (via https://www.sunsetranches.com). unless you can live without water, avoid like the plague... everyone else is.

if there's some way to affordably bring water to that area, then it's a fantastic steal.

you could catch some snakes, horney toads, desert hares and sell them as exotic pets.

although the best use would be as a solar power farm.

postlets or vflyer

either will post to all the sites

@Wenjuan Yao

hi neighbor! what brings you to Mason?