All Forum Posts by: Stephen Franco

The biggest risk in keeping properties in your personal name is that in the event of a SERIOUS issue (death in the building, etc) where a liability claim will outstrip your insurance, the tenants and others have the right to sue you personally, not just the LLC. In other words, there's no corporate veil to even try to gain protection from.

Not sure what you mean.  the rents are 600-750 for a 3 bedroom, typically

1200 rent (2 family)

100 taxes

50 sewer

50 insurance

_____________

1000/mo noi &  50k est. cost.  24% noi

but I do NOI after maint/vac/mgmt (30%) meaning another 400 off.

600/mo at 50k  14%

Most markets are several times these expenses in just taxes, let alone purchase price.  And rents are often not that much higher...or so it seems from the forums

I find that the best deals are Scranton/WB in northeastern PA.  Such as 15 rented, fully occupied units for $275k (19% cap after 10/10/10 vac/mgmt/maint pads).  Turnkey, Management is great...etc.

PM me, This is sort of standard in my area (usually 15% cap...

I have 15 units in N.E. PA for $275k all occupied and rented with 19% cap after 10/10/10% pads.

typical 2 unit, bought and fixed for around 40 to $50,000, gross 1300 to $1,500 a month rents, taxes around fifteen hundred a year to around 400 year Insurance around six hundred a year.

sure. Send me your email.

I have a book 28 rentals under management that I own myself, making about that. And I can give you the references of a few other people that are doing the same thing. Depending on what you take out for maintenance vacancy in management pads, is really where the swing comes in. For instance, I have 15 units right now in four separate buildings, fully rented for $275,000. Average rent 600 a month no. Our taxes are about 1500 a year per building Insurance about $300 per unit, and other costs are equally low.

I'm an experienced investor, wholesaler and realtor in the northeastern PA Market. I will respond to this a little later in detail, but please feel free to reach out to me with any questions, and any needs for Properties or management companies you might have

My market of Scranton Pennsylvania is terrific for cap rates 15 or 25% or higher. Per unit Investments well under $30,000 per unit. 

Personally, the best thing I can suggest to people who live in a market like yours is flip California rent higher cap rate areas such as Scranton.

Yep. our meeting is on May 11th. I believe the speaker is covering short sale negotiations (she is a professional short sale negotiatior)

http://investorsnetworknepa.com/

is our website (Zach is working with us on some great enhancements)

http://www.meetup.com/IN-NEPA-Investors-in-Northea... i

is our meetup group

I wouldn't be a partner, though, since I have more experience in high-cap-rate (15%+) markets in Northeastern PA to lower cap rate with appreciation markets.