All Forum Posts by: Cameron Davis

@Amie Lieurance Link to Video 1 doesn't work... FYI.

Does this property have a tenant under lease, or is it vacant? If it's leased, what are they paying and is it month-to-month? It says it's not occupied, but the photos show a ton of stuff (and a person).

I have had good experiences with Dan Rikkers at 317-709-8035. Tell him I sent ya!

3 bed/2 bath and 2 bed/2 bath Duplex with carport. Building maintained up to government standards for Section 8 tenant, in an area called Parkway Village.

Using the BP Rental Calculator, this computes to a 12.82% Purchase Cap Rate. If you paid cash it would get you 12.39% ROI... finance the deal and your ROI will be through the roof! This almost hits the 2% Rule at 1.84%... considered great in many parts of the country. Tenants pay all utilities!

I've fixed it up quite a bit over the last 2 years. I'm not aware of any repairs needed. Leases good thru: June 30, 2018 (this tenant is "Section 8" and has given no indication they plan to move) and March 31, 2019 (just placed a tenant).

I'm not really interested in Seller Financing this deal... I could use the money to pay some debts.
You can see the For Sale listing with some photos on sites like Zillow.

ugh!

Crap. Drove an hour and a half for nothing.

This deal just got better... I'm paying for the a/c unit!

I just moved to the Austin area. I am a Buy & Hold investor with 15 properties out of state. I want to learn about rehabbing properties: costs, terminology, techniques, etc. I am here to help you with whatever you need in exchange for you teaching me. I am mature, dependable, honest, and eager.

@Nathan Diones

Reedy & Co is managing. They also have this property listed for me at $60k, and have brought me an offer of $56k. I messaged you. Get me your email address and I'll send info.

@Mushfiq S.
Info sent

3 bed/2 bath and 2 bed/2 bath Duplex. Building maintained up to government standards, in an area called Parkway Village.

Using the BP Rental Calculator, this computes to a 14.41% Purchase Cap Rate. If you paid cash it would get you over 13.48% ROI... finance the deal and your ROI will be through the roof! This doesn't quite fit the 2% Rule, but 1.78% is considered great in many parts of the country. Tenants pay all utilities!

I've fixed it up quite a bit over the last 2 years. One side does need an a/c condenser, but I'm not aware of any other repairs needed. Leases good thru: June 30, 2018 (this tenant is "Section 8" and has given no indication they plan to move) and March 31, 2019 (just placed a tenant).

I'm not really interested in Seller Financing this deal... I could use the money to pay some debts.