All Forum Posts by: Ted Harris
Ted Harris has started 39 posts and replied 537 times.
Post: horror stories
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
I don't have any horror stories - all my tenants are perfect.
Mike
I spit up my coffee when I read this .... LOL Mike! :mrgreen:
SB - read Mike's blogs as some of these might be considered landlord 'horror' stories.
Post: Does this sound plausible?
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
I'd calculate current value vs costs of rehabbing and what value would be after the rehab .... so, may help everyone if you could post:
*current value of property
*cost to rehab
*value of property after rehab
Post: Do You Know ALL the Expenses Associated with a House Flip?
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
I'm like Justin that I enjoy watching those 'flip' shows but I usually end up shaking my head at the end when they post some ridiculous supposed profit for the investor when in fact, they are gonna be lucky to not LOSE money. So many costs they don't take into account .... :roll: :oops:
Great article Justin!
Post: Hello! my name is Christopher!
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Welcome to BP Christopher .... you'll find a wealth of information here to help grow your business!
Post: how will the end of the tax credit affect investing?
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Probably cut into about 20% of the buyer's pool if you use stats is this article which states currently 33% of buyers are first timers compared to 10-15% in a 'normal' market.
http://www.star-telegram.com/business/story/1586223.html
Post: Newbie from Portland, OR
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Welcome Dan....nice to have another person from Portland join BP Nation! :D
Post: New Award? Super Addict
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Hello, my name is Ted and I am a super addict ....
Post: Forum suggestion
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Great suggestions Will and Steve ... vote for each of you!
Post: What areas do you like?
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
You might find this interesting ... from Forbes magazine:
High-Rent Districts
Owning residential rental property is a tough way to make a buck. In these cities landlords earn some of the best returns for their trouble.
City, State Avg CAP Rate Avg Price ($thou)
Baltimore, MD 9.3% $120
Las Vegas, NV 8.9 100
North Las Vegas, NV 8.8 113
St. Louis, MO 8.8 78
Phoenix, AZ 8.8 81
Indianapolis, IN 8.7 92
Atlanta, GA 8.7 120
Hollywood, FL 8.6 137
West Palm Beach, FL 8.6 120
St. Petersburg, FL 8.6 104
*Operating income from a property (annual rent minus upkeep, insurance and
management costs) divided by sale price. Sources: InvestorLoft.
complete Forbes article here:
http://www.forbes.com/forbes/2009/0803/real-estate-rent-property-landlord-game.html
Post: What areas do you like?
- Real Estate Investor
- Portland, OR
- Posts 660
- Votes 244
Have you checked out Phoenix? Another warm place that's been hit hard and could eventually have a nice rebound ... I think it offers a place where both working and retired folk like to reside so increased population. I think there are a lot of homes less than 3 yrs old you can make cashflow which helps as well.