All Forum Posts by: Stephen Franco

Buy a two family rental in Scranton Pennsylvania area, where I live, for about $50,000 cash. That building should be making about $1,200 a month gross rent.

It'll be able to afford a management company, all hard cost company  and everything plus pay mortgage of almost + - $50,000 plus give you some cash flow every month

and then you can use the money from that mortgage to make improvements on your home. Boom, both things done at once

did that, most have a 20k minimum.  this house is 10

Hi. I'm a wholesaler/ flipper based in the high cap rate market of scranton pa but working throughout pa ny nj and a little nationwide

Would love to connect

you could start w small turnkey investing (my area of pa offers 15% cap rate after all pads and expenses) 

Or use the equity for hard money loans to other Investors.  Paying 5% (or whatever ) on your heloc and making 10-14% from an investor

i am in a high cash flow...low appreciation market. Here's my math

Rent 600

Maint. Vacancy. Management pad 30% (180)

Taxes 100

Insurance / sewer 60

Assuming no other utilities... 260

Finished per unit cost 30k

10% cap

can anyone suggest a mobile home lender they have used for cheaper singlewides like 10k

okay thanks :-) I'll check it out anyway maybe it'll work for some future opportunity

first of all, thank you for your service. Secondly, with $10,000 down, you can actually get a flip done in my region using a hard money lender. Many of our flips only require a total investment of about $50,000 and will return a profit of about 20 when all is said and done. I work in northeastern Pennsylvania. Of target wholesale price is about 120000 dollars with many home selling just plus and minus of 100 after rehab. So if you're in soon doing things like that, I'm always open to pointing you in the right direction or possibly doing a JV

thrown into a self-directed account and then either direct directly invest in real estate, or use it for private money hard landing. PM me for more information and also for opportunities, I have people contacting me every day for more deals that I can afford to find myself

I live in base my business out of northeastern Pennsylvania. 15 to 25% rental cap rate after maintenance ,vacancy  and management are deducted with a per unit investment after renovation of under $35,000. I