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All Forum Posts by: Mubasher Riaz

Mubasher Riaz has started 55 posts and replied 94 times.

Post: equity vs no equity?

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Thanks victor

Post: equity vs no equity?

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Can someone please explain to me difference between an owner having 30% equity vs 80% equity? thanks

Post: My first rental property.....please help....

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Ned Carey apologize for that, the price is 15 K with 4500 rehab.

Post: My first rental property.....please help....

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

[URL=http://s1093.photobucket.com/user/mubacalypse/media/117361X-1.jpg.html][/URL]

Manufacturer: Redman

Year: 1987

Model: Redman

Serial Number: 5864

Size (Estimated): 28 X 44

Acreage (Estimated): 0.00

Bedrooms: 3

Bathrooms: 2

Range Type: Gas

Siding Type: Vinyl

Roof Type: Shingle

Furnace Type: Gas

This is the property I'm interested in renting out, however, I do not know if the price tag is what it is. Never invested in mobile homes, but do have three single family rentals. Rehab is going to cost $4500 with labor, is the price decent or too much? Any advise would be highly appreciated. I also uploaded a video on youtube about the property inside out. Thanks.

https://www.youtube.com/watch?v=TO8VlyhjaEQ

Post: what exactly to write in the yellow letter.....

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

hows it going

can anyone advise as to what to write the first letter, then follow up letters after that. is there a sample around? thanks

Post: Cant find tenants....

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Tom Goans Yeah Im going to reword my ad and keep it short
Matt Devincenzo Matt these pics are about a year old, im going to clean up the basement and re take pics again
Andrea M. not really, I think im the only one in the area renting my basement out, I've been doing it for the last year or so to help pay the mortgage out much faster

Post: Cant find tenants....

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

got a basement for rent in my house and posted it everywhere on craiglist, postlets, trulia, zillow and few others, not getting any phone calls. Rent is decent and place is fully furnished.

Heres my listing: http://www.postlets.com/rtpb/9315183

Any advice?

Post: Wholesale turn buy and hold property?

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Ned Carey When you found the property did it need any rehab?

Post: Wholesale turn buy and hold property?

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

Any wholesalers out there end up finding a property but decided to use it as a rental property for themselves?

Post: Cash on Cash return question...

Mubasher RiazPosted
  • Real Estate Investor
  • Ypsilanti, MI
  • Posts 98
  • Votes 6

@roy n.
is debt service pretty much the mortgage?