All Forum Posts by: Ryan Halverson

Thanks Zac P. , not to mention the most expensive part of putting up billboards is owning the land they go on. I guess the downside would be how much traffic you get in an area & obviously the income/expenses.

Tim Silvers

The website is owned by a guy named Ryan Wright out of Salt Lake City, when you register a website that is legit it is generally registered to an LLC or other form of corporation. It has a cell phone as the contact phone number.

Another alarming thing about it, at the bottom it doesn't have "xxxx is a registered trademark of xxxxx Inc. Copyright 2006-2013. All Rights Reserved.

These two facts alone do not mean he is a scammer but it tells me he:
A) set the website up himself (because he probably couldn't pay someone to do it)
B) Doesn't have a company address, it looks to be a small bungalow that the website is registered to.
C) Home shows as being 1800-Mr-Buy-Fast as well, which is a deleted website. This tells me he probably failed or gained a bad reputation and just renamed the site so he can continue business.
D) According to linkedin he is part of "The Wright Real Estate Team," which appears to be his mom's company? All of his recommendations come from brokers and VPs/founders and none from investors so he probably does something to keep your money.

All-in-all the company looks like a guy got bored doing 9-5 real estate agent work and started his own website for "hard money lending" he probably has some loophole to keep your money and I would not trust him.

As a side note, if you were scammed by this guy and need more information on him please colleague request or send me a message. I don't want to put all his laundry on this page.

So I was sitting here thinking about ways to maximize profits on a property, squeezing every ounce of money from it per month.

Idea
====
1. Bundled cable/internet service.
I know of a large apartment complex close by that gets one large internet connection from a distributor (commercial) and probably pays 500-750/month for it. Then they sublet out connections to all tenants at 19.99-29.99/month @ 180 units. They also do this for the TV with Dish, bringing in 1 connection and redistributing the channels to all units for an up charge. By my calculations of the time/labor going into this they net around 4-5k/month more. Plus they have 1 dedicated guy that does all of it so no additional headache for the PM.

2. Advertise on the property.
In How to win friends and Influence Others he talked about McDonald's not being in the burger business but being in the Real Estate (namely land) business. With location and advertising being as expensive as it is, would it be a valid income stream to offer local companies opportunities to advertise on your land (that has a MFH). Would it work better on larger or smaller complexes, fourplex-128unit. My initial thought is in low income areas where you have cheap units it would work better as generally those are "avid consumers" and they don't care much about the building itself.

"Hey Budweiser for a $750 setup fee and $250/month we will advertise your product on the roof of our fourplex reaching xx number of potential customers daily."

*Obviously if you did this the advert would have to be unobtrusive to the person living there and still marketable to street traffic.

Just some ideas on ways to make properties more profitable, what does everyone think? Good and bad criticism accepted...

Creative financing. Look around the forums there will be a lot of posts about it. Things from Hard Money Lenders where you borrow and rehab then pay them back P+I...time is important and you have to have a larger portfolio for them to even consider you. Many other ways, do some research and read some articles. Good luck!

Harry M.

I added a link in the description if your download limit is full.

Harry M.

Is this what you were talking about? So you can put in flat rate fees alongside the property management percent?
If you are doing PM duties yourself you can keep that at 0% for no impact too.

http://www.biggerpockets.com/files/user/RHalverson/file/mf-rei-analyzer-v2

Something like this might work, I have also seen wet dry vac attachments people have made with the blade attached to the suction end. Not sure how it works but worth a thought to save a couple grand.

http://www.amazon.com/Homax-6100-Ceiling-Texture-Scraper/dp/B0002YSQSW/ref=sr_1_1?s=hi&ie=UTF8&qid=1361168791&sr=1-1&keywords=popcorn+scraper

Found it...
http://www.coroflot.com/caseyhopper/Emerson-Tool-Company

I know there are a ton of these in the fileplace but mine has a unique feature I was looking for...a slider to increase/decrease purchase price so you can fine tune your ROI numbers. Check it out and let me know what you think, love the critique (good or bad)!

http://www.biggerpockets.com/files/user/RHalverson/file/mf-rei-analyzer

Brian Hoyt I was not attempting to educate you in your own investment area, only stating research can find places. No intention to offend you. If there is nothing in your area you would have to venture farther away. I hear Detroit is nice this time of year ;)

http://www.realtor.com/realestateandhomes-detail/222-Grove-Ave_Des-Plaines_IL_60016_M85510-89913

Could this also be a supporting reason why CAP rate should NOT be your only metric in buying an investment property?

Purchase Price: $174,900
Mortgage: $838.89 with 20% down @ 6% and 5% closing
Cash Outlay: $43,725

-Income-
Rent: $1900/month (optimistically)

-Expenses-
Maintenance: $190/month
Vacancy: $190/month
Property Manager: $0 (self PMed)
Insurance: $115/month
Taxes: $510/month (ouch)

NOI: $16,860
CoC: 1.54%
CAP: 12.52%

Profit: $27.99/door/month

I would have to offer $130,000 on this property to make $200/door/month.