All Forum Posts by: Matt Morgan

Still selling.

Thanks guys, I'll be sure to add you to my email updates.

I am a wholesaler specializing in cash-flowing rentals in the Milwaukee area. Let me know if you'd like to be added to my buyer's list. Feel free to respond here or reply via private message with your email or best contact info. Thanks.

Price is $27,000. Sorry for the confusion.

Sounds like you'd be best served at putting your money in a savings account or maybe even a CD.

Investing is about mitigating risk, not eliminating it. If you're uncomfortable with risk, I suggest reevaluating real estate as your investment vehicle. 

If you want to put your money into an arena that will likely outperform nearly every other means of accessible investment, then proceed. But do so knowing that there is not going to be a market that fits every criteria on your extremely long and particular list. 

If you can come up with 3 main wants for your market wishlist, I'm sure the BP Community can get you settled on a good place for you to invest. Good luck. 

Pictures:

This is a low maintenance brick townhouse that has had nearly all of the major Capex items taken care of and just needs some cosmetic work to get it in rent ready shape.

PRICE: $27,000

REPAIRS - $7,500

PROJECTED RENT - $775

The GOOD: 

Brick exterior

New furnace last year.

Electrical and hot water heater upgrade 3 years ago

New Roof installed 3 years ago

Installation blown into walls 3 years ago

The BAD:

Entire unit needs paint

Floors need paint

Needs new front and rear storm doors

3 bedrooms need carpet

Basement needs cleaning and paint

Using 8% for vacancy, 10% for PM, and 15% for repairs/capex, this property nets a 12% true cash on cash return, and a 30% leveraged return. 

The home is vacant on a lockbox and can be seen any time. 

Call Matt at 480-438-7390 for more info or to check it out.

Thanks

Hope everyone had a good holiday. These are still for sale.

Merry Christmas everybody!

 Thanks Dave.

You are correct, I'm looking to cash out completely so I wouldn't be interested in doing any seller financing.