All Forum Posts by: Rocky Gibson

None taken -  I appreciate the feedback. I did not consider adding all of the info up front, but here are the pictures as well. Thanks for taking the time!

https://www.dropbox.com/scl/fo/yv1sa2xzn7f04xsc9ouq1/ALDtShS...

Oops!

Here is the google forms to be added to mailing list for all properties:

https://docs.google.com/forms/d/1oGlQ-FqvO-VEZlPq3GfCoiG5_Ly...

Address: 7209 Prospect Avenue, Warren, MI 48019

Financials:

https://docs.google.com/spreadsheets/d/1sRnNiG174oLGm0Iflr33...

This Warren, Michigan property is Turn Key and has a tenant paying $1150/month. 

With this purchase I will introduce you to all the necessary parties to set you up for success with your investment.

That includes the property management, inspectors (should you wish), prospective lenders, and any other local resources you need.

If interested in this property (or others I have coming up) - fill out the form below and I will get in touch with more details including photos, financials, inspection reports, and answer any other questions you may have.

https://docs.google.com/.../1oGlQ-FqvO.../edit

Property Highlights

Asking Price: $110K

Financials: 9% cap rate. $259/mo cash flow per month. 13% CoC return

Condition: Fresh interior paint, updated electrical, and new appliances throughout. The bathroom has a new vanity and refinished shower, and both porches have been brought up to code. With a new central AC, serviced furnace, and installed smoke/CO2 detectors, the home is move-in ready.

Tenants: Established tenant with a strong work history and rent history. All checked and managed by the property management company.

Value: Nearby homes sold for 100-120k, comps provided upon request.

Pradeep - Just sent you a DM, lets connect and chat!

Hi -

Hoping to get some advice and/or connect with a potential lender for my scenario.

Currently I own a 37 Acre lot with 1 Duplex and 1 SFH. Total rent between the three is $3200/month.

I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.

I also have a HELOC on that property at $180K~ with a 9.75% rate.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.


I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent. It is on a 13 acre parcel that I own free and clear.

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.

Anyone have any advice on how best to pursue this? I have not received favorable terms from the local bank I worked with on the original loans, and they are unwilling to work with the RV Park whatsoever.

This is in Clay County, Alabama.

This is all in Clay County, Alabama by the way.

Hi -

Hoping to get some advice and/or connect with a potential lender for my scenario.

Currently I own a 37 Acre lot with 1 Duplex and 1 SFH. Total rent between the three is $3200/month.

I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.

I also have a HELOC on that property at $180K~ with a 9.75% rate.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.


I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent. It is on a 13 acre parcel that I own free and clear. 

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.

Anyone have any advice on how best to pursue this? I have not received favorable terms from the local bank I worked with on the original loans, and they are unwilling to work with the RV Park whatsoever.

Hi All -

I would still consider myself a bit of a rookie, but I have been investing now for about 3 years.

I currently own an 11 unit RV Park in which I own all of the units and rent them out.

I have successfully completed a BRRR in Alabama with $4K left in the deal, and I am in the process of completing my first two SFH Fix & Flips in Detroit, Michigan.

I am looking to build out a potential buyers list, JV partners, and just network in general with like-minded people.

Any advice on how best to accomplish this task? Especially leveraging BP. So far - I have been making a ton of posts on different Facebook groups and just now made my BP account (I have been a LONG TIME lurker here).

Thanks in advance and I appreciate any and all help.

Hi All -

I am a real estate investor focusing on Turn Key Flips, Retail Flips, and BRRRs in GA, AL, and Detroit, MI.

A couple of criteria I look to hit for all properties that I have for sale:

CoC Return: 9%+

Net Cash Flow: $250+/Month (Property management included)

Cap Rate: 8%+

Purchase Prices: $80-150K~

I will be having two houses available within the next 3 weeks.

Looking to network and build out a buyers list, potential JV partners, reputable wholesalers, and anyone who is out here doing some of the same work to collaborate with!

Feel free to DM me or reach out via email.