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All Forum Posts by: Scott Sargent

Scott Sargent has started 3 posts and replied 7 times.

Post: 17 Year Old Investor

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

Contact me via IM or private mail etc and Ill give you my ideas.
Scott

Post: 17 Year Old Investor

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

Never mind saving money...or blowing 21% credit on cards you cant get anyway. By the time you are moving ...it will be to late in this market. all that traditional advice is...a waste of time. Find a partner ...whoever ...who has money and no time. Partner with them (only one). They provide the capitol. YOU provide the work. You find the project....bring them the analysis and a contract and you put in the labor. Start with a small forclosure flip or a duplex you can manage and split the income with him. HE puts in the cash your put in the labor and smarts...this is a perfect deal for one with youth and energy and no money and many will and should jump at the chance. AFTER you come through...you have a reputation and some money from a 50/50 split. You can do it again or invest your money. Another great way is to do the above and get a contractors license so you can do larger deals with subcontractors. Again...with OPM....other peoples money...forget the credit cards etc. Its a bad way to go.

If your in SoCal, Id work a deal with you.

Post: I'll pay for tenants $$$

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

Yes...I try to post the offer regularly. One would think folks would jump at it but not a peep from any where...

Post: I'll pay for tenants $$$

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

I did just that ...with no responses... I guess they are not a motivated group. I ll send another flyer out though.
Thanks
Scott

Post: Need help filling vacancies

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

I have a property in Texas with a on site manager that is...lets just say not very motivated. Im out of state and want this building filled...she states she is trying but watches Oprah all day. I am condiering a change but she is great with the property and tenants. HOW do I get to 100% ? Thius is a great building but my 1bedrooms are always going vacant. Rent is low, no deposit free incentives...what the heck else do I need to DO to get folks to lease.
Scott

Post: I'll pay for tenants $$$

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

I have an apartment complex in Texas. Its new and each unit has back yards. These are great units in great area of Lubbock. However, I am obsessed with maintaiing 100% occupancy.

off site managers are not worth @#$ when it comes to finding tenants. I'll pay a full month for a 1 year + lease. Thats $465++ for every tenant that leases.

HOW DO I DO THIS and how do I find people who are interested in marketing my property???

Post: Valulation and PLU?

Scott SargentPosted
  • Real Estate Investor
  • Pasadena, CA
  • Posts 7
  • Votes 1

Hi all
Im just getting into MHPs and have a few prospects for my first buy.

Questions for anyone

-What does PLU stand for and how is it determined?
-Does PLU factor change where a restaurant is on site or same as occupied using the rest rent?
-Does it change where property varies...zoning, acreage large urban center?

My park falls short if not but the cap is 12.

Also, for a older park, what should I look for in due dilligence or before a LOI.

Thanks

Scott