All Forum Posts by: Mark Shaffar
Mark Shaffar has started 27 posts and replied 316 times.
Post: Introduction
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
@Edson CortesWelcome to BP! It will change your life:)
Post: How does small positive cashflow turn into real money?
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
I think you guys are making the right choice focusing on the beauty of cash flow. That's why lots of investors are willing to look out of state. I lived in China and investing in Beijing was a completely negative cash flow game. The Midwest is a different story
Post: Turnkey 4/1 in decent Milwaukee neighborhood
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
I have a turnkey (buy-fix-hold) project available to a cash investor.
This is a 4/1 at 4376 N 65th Milwaukee, WI
Price $68,000
Rehab $5,000
Costs to Carry $1,000
Closing Costs $2,000
Investor All in $76,000
ARV $80,000
rent $1,125
Taxes $175
Management $90 (8%)
Vacancy $56 (5%)
Reserve $56 (5%)
net $747
Unfinanced cash ROI 11.8%
Post: New member - looking for guidance
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Welcome to BP! you came to the right place to find help.
Post: Just made my first discussion and realized i didnt introduce myself to the forums first haha
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Post: My first rent check!
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
@Pyrrha RiversThanks for sharing. I know things changed around our house when rent checks started flowing. Hearing your story motivates me to keep hammering away.
Post: Suggested Readings for new Milwaukee Landlord
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
I think this was promoted on one of the podcasts:
http://www.amazon.com/Care-Feeding-Tenants-Andy-Kane/dp/0873642406
Post: Exit strategies for turnkey properties
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
I think I accidentally bumped the reply button
I was going to say I appreciated Chris' comment and I think you can learn a lot about a company from how they handle unhappy customers. Helping them with their exit strategy is a great way to build good will
Post: Exit strategies for turnkey properties
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Originally posted by @Chris Clothier:
Originally posted by @Julian T.:
Thank you Chris, I understand the goal is not to buy and sell right away, just thinking about all the possible contingencies. This is not a topic that I have seen discussed much in turnkey websites so it is informative to know that turnkey companies might be willing to help investors in this scenario, I guess it is up to the investor to do due diligence and ask the turnkey companies how would they assist in the process and what profit margin they would want to make when reselling the property.
I agree Julian. It should definitely be part of your due diligence process. Just knowing that they have dealt with that situation with past investors and knowing how they have worked with investors should provide you with an idea of how they would handle a similar situation with you.
Best of luck as you move forward -
Post: Newbie in San Antonio!
- Real Estate Agent
- Madison, WI
- Posts 328
- Votes 88
Welcome to BP!