All Forum Posts by: Nathan Williams
Nathan Williams has started 35 posts and replied 167 times.
Post: Best way to secure property that’s under rehab
- Posts 172
- Votes 93
google "fake tv projector" for a cheap device that would make it seem like a tv is on in a dark room of the house at night.
well the great thing about house hacking is you should be able to get off the ground without the help from others.
Post: Is an apartment syndication investment strategy scalable?
- Posts 172
- Votes 93
Ive never invested in a syndicate but from the typical returns Ive seen thrown around I dont see how that could be considered a viable vehicle to rapidly scale up wealth compared to your own property investments
Post: Rent To Own Properties
- Posts 172
- Votes 93
they can be a great deal for the owner and pretty much always a very bad deal for the renter who got reeled in
one thing to note is that in many cases an investment turnkey property sold by turnkey providers comes with a big markup that takes a bite out of your return %.
As a out of state investor who doesnt have the means to effectively rehab a property yet does not want to pay a premium on "turnkey" properties, I found a sweet spot on properties that I've coined as "near rental ready"... which are units that are already in pretty good condition and only need minor stuff done to get a tenant in (paint, cleaned or new carpet)
Post: Living in LA and investing in Indy
- Posts 172
- Votes 93
hello, another SoCal investor with properties in Indianapolis... love to connect and share notes
Post: Is 2% rule still applicable?
- Posts 172
- Votes 93
Originally posted by @Dennis M.:
I would not do a 2% deal unless the place was immaculate with a lot of upside . That’s too marginal with not enough cash flow !I want 3-5% deals . 1% -I would not even get out of bed to go look at the property . Pointless !
I assume you deal with large unit investments or off market discount deals? Because I havent seen any 1-4 units touch a 3% rate in some time
Post: Opportunity for 50k loan but need 680 credit
- Posts 172
- Votes 93
I recommend checking out a credit repair forum for detailed advice on repairing your credit situation. Something as simple as paying a single credit card from 91% utilization to 67% can have a 50+ improvement on your score.
Post: Where % do you use when analyzing turn key properties ?
- Posts 172
- Votes 93
Personally, I probably would not even factor in CapEx if the property is truly turnkey; under the assumption I likely will already be in and out before the big ticket items become due on it
Post: Tenant set up cable TV account in my name and then didn't pay.
- Posts 172
- Votes 93
Do not pay the collection... that can be seen as an assumption of liability and a paid collection is still a huge blemish on your credit. I'd visit creditboards where there's people who are willing to go into detail on how to properly expunge that.