All Forum Posts by: Ray Neal

I am paying $750 for 80% goodman 40k BTU and $875 for 60k BTU. The later is what you would need for that amount of space.

These prices include sheet metal fab for trunk if necessary.

welcome to BP. You're one smart kid. Never stop the quest for knowledge.

Douglas I am an avid sub 30k investor. In fact I have 20+ without a mortgage. I am strictly seeking cashflow, and this has allowed me to have no job before the age of 30. Now, being that these were phenominal purchases, there has been immediate appreciation. Most 100% or more, most of which is forced appreciation through light rehab and stabilization.

Now, none of these are in warzones. In fact they are working class neighborhoods with sec 8 and 20 something year old mothers with an SSI or W2 check. No drug dealers, pimps or prostitutes soliciting people.

Anyone who shares a similar investing strategy, feel free to connect with me.

-Ray

I would like to edit and add a few facts. Although older buildings, 90% of them have vinyl windows, siding, etc. The dry in is all updated. 60A service is updated to 100A and knob and tube removed. Galvanized and cast plumbing is replaced with Pex and PVC.

In regards to the comment(s) about lower rent, I do not find that to be the case. The lowest monthly rent in the portfolio is 1050/mo. That is an $18,500 house with a phenominal working class single mother. Duplexes are combined rent not less than 1350/mo.

I have a 4br/2ba in the portfolio I am all in for 24k renovated for rental purposes. It rents for 1195/mo. Now, also have a 105k sfr that rents for the same price. The strange thing is, in my area, the ones who apply for the cheap home will not even try for the higher priced home. Yet, good manageable tenants end up in both when facing a vacancy.

Welcome. I am in Kenosha and have a great team and we are doing several deals a month. I have many multis and rehabs going in Kenosha. We have several hml and i have a very well off private investor, as well as my partner who is a broker and many good subs. Please feel free to connect with me and we will try to help you in any way we can!!

Funny. Had a similar situation a while ago. I not so politely told an (ex) tenant to remove his two snuck in dogs from a MFR basement immediately. Several hours later, they were in the back of my truck on the way to the pound and a (not so nice) note on his door informing where to retrieve the dogs along with a 14 day no right to cure notice.

I own numerous property in Kenosha and have a great team of people and an asset managers that we deal with. Feel free to contact me.

Scene was wrapped up about two hours ago. No charges are being filed, as it is being handled as a case of self defense.

Joe i watch football games with one of the K9 officers and know a handful of officers. Thanks.

Joe I intend to. What problems do you foresee?

What surrounding neighbors, downstairs tenant are saying and the minute amout of info from the police is this:

Intruder (ex) broke picture window, began screaming, then chased new boyfriend down back stairs to common area. Boyfriend was backed in to corner and fired at intruder/ex.

This is pieced together from various details gathered.