All Forum Posts by: Ronald Cooperman

@Michele Fischer

Thank you. Can you give me an idea of rent vs cost of property. I hear 5 bedrooms are very much in demand and you get the greatest bang for your dollar.

Is it necessary to develop section 8 relationships?

I will contact you about tenant screening

Thank you

@Matthew Irish-Jones

Does one town matter in terms of higher rents? Do you buy twin houses? What do you pay? and what is the rent?

We own 30 rental SFR row homes properties outside Philadelphia. I am thinking of building a section 8 portfolio. I am looking for advise on should we buy 2,3,4,5 bedroom places?

we want families as tenants 

what properties reward you with the highest rents per tenant. Row home vs Free standing 

How do you choose what communities to purchase properties. 

What amenities attract the best tenants.  

Looking for a5 point system to get the best tenants

Any advice on working with section 8 

What other government agencies provide housing subsidies 

@Jay Wright

Jay

We own properties outside Philadelphia and am looking to increase my section 8 or government assisted portfolio. I am looking to an advisor to advise me on what areas in my area get the best bang for my buck. Meaning how many bedrooms, what towns, or what section 8 and other government agencies evaluate.

I am willing to pay for this advise

Jay, do you have any thoughts?

Thanks

Ron

Ronacoop@ Gmail.com

@Victoria Stokes

We are older in age. We invest 80% for cash flow. We buy 3br 1 ba. Trying to get as close to 2% as possible or 300 a door a month. 15% cash on cash returns.

Next year I hope to start buying for my kids and then the goal will be appreciation

Thank you.  The property is in New Jersey.  Are you saying sit tight at settlement ask title company for an adjustment?

Buying a tenant occupied SFR from seller in bankruptcy. The current owner had misappropriated the security deposit. We will inherit the lease. Are we liable to return the security deposit when the tenant moves out?

Any advice is appreciated

This is business 101.  What option is best for you

1. Evict tenant- can I get a new better higher paying tenant?

2. If she pays on time, takes care of property, and it is not easy to replace the tenant then suck it up. 

3. The best is negotiate- settle for a number in between, be reasonable, replacing tenants is expensive

My partner and I have the opportunity to buy 10 duplexes and triplexes. 28 doors in New Jersey

1.5 mil purchase price. rent roll 265,000. C/D area

We currently own 30 SFR in another town and 1 twin house in this town.

We are meeting seller an older couple. Husband is ill. Information has been difficult to obtain but numbers are great. 

I am looking for “ questions to ask to due proper due diligence.”

No.  I am in a similar situation.  Is the note non performing? How are valuing the offer?