All Forum Posts by: Patrick Goswitz

Almost all of my deals are from my website. I am sure any website creator could create a way to automatically funnel the leads into your CRM when someone fills out the forum. 

You can take a look here at mine and even copy it. (yes it's cheesy haha but it gets me deals!): https://sellmyhousefastknoxvilletn.com/

I would look to see who is ranking in your market for the keywords like "Sell My House Fast" "cash home buyers" etc and get someone off Fiver to create a similar website which would save you a significant amount. Also type a different city and state name to get other ideas on website design. "Sell My House Fast {city name]" 

In terms of generating leads, PPC and my Google Business Profile have been amazing for me. The SERPs, not so much. Just be careful about spending a lot of money for online marketing. I am happy to chat further if you have questions. 

I have been using Obie!

 Thanks! I saw for 2026 in my zip code in 37917 Knoxville, Tn that they are reducing the SAFMR by a pretty hefty amount. I was super bummed to see that. Unless the numbers they released aren't really final. 

Thanks for sharing this!!! I was going to do section 8 on a triplex I have that is completely remodeled. They are builder grade finishes but everything is new.

Unit #1- 4 bed 2 bath. SAFMR= $2410

Unit #2- 2 bed 1 bath. SAFMR= $1630

Unit #3 (Upstairs) 4 bed 1 bath. SAFMR= $2410

I have some questions:
From my understanding there is no guarantee I get the full SAFMR rate, is that correct? 

Are tenants going to be ok with a 4 bed 1 bath? 

Do your tenants pay the utilities?

Any other pointers would be great. This is my first section 8.

 I think you're right in the ball park. Assuming I owner finance and balloon in 5 years but amortized over 30yrs this is what GPT came up with after punching in some numbers.

Income

• Annual Gross Rent: $77,400

Expenses

• Insurance: $4,800/year

• Taxes: $2,772/year

• Maintenance: $4,800/year

• Operating Expenses (excl. debt): $12,372/year

Debt Service

• Interest: $33,960/year

• Principal: $9,648/year

• Total Debt Service (Principal + Interest): $43,608/year

Net Operating Income (NOI)

77,400−12,372=65,02877,400 - 12,372 = 65,02877,400−12,372=65,028

NOI = $65,028/year

Performance Metrics

• Cap Rate (on $800K value): 8.13%

• Cash Flow (after debt service): $21,420/year (~$1,785/month positive)

• DCR (with full debt service): 1.49 (healthy)

Summary
With debt fully accounted for (interest + principal), the property still cash flows positively at $21.4K/year. The DCR of 1.49 indicates it easily covers its mortgage, and the cap rate remains strong at 8.1% cap rate.

Fully renovated means everything in the home has been renovated. The only thing that is not new would be the foundation. Each unit is metered seperately.

The property is in Knoxville, TN. It is a 4br, 4br, 2br. The property would bring in $77,400/year in gross rent. Property taxes are $2,770 and insurance would be about $2,400/year. I would be looking to sell the property at $910,000, 4% interest rate, balloon in 5 years, amortized 30yr, 20% down. This would make their monthly PITI payment $3,905. Comps are a little scarce with 3+ units, this close to downtown and completely up to code. Of course everything is perspective, but would an investor be content with these terms?

If you're able to cash flow on $2,000/ month on a fully renovated triplex, how much do you think an investor would pay for the triplex? Assume a good area and 5 minutes from the downtown.

I think the 70% minus repairs is a great baseline. However, how do you know you can't get a better deal? I like to ask the question "if I pay off your mortgage, and there are no fees that you have to pay, how much do you need in your pocket to be able to move onto the next chapter in your life?" (something along those lines)

Sometimes the amount they need to net is not as much as what I originally thought, allowing me to offer less and still get them what they asked for. If you only stick to formulas, you're always going to be capping your profits.