All Forum Posts by: Stephen Sokolow
Stephen Sokolow has started 56 posts and replied 146 times.
Post: A newbie from Illinois..
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Sunil SharmaWelcome to BP!
Post: Buying from auction.com for Los Angeles county
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Monica C.Welcome to BP. You are going to love and learn a ton. Please reach out if you have any questions about my local market here in South Bend, In.
Post: New Investor from Beaverton (Portland), Oregon
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Randall HicksWelcome to BP. You are going to love and learn a ton. Please reach out if you have any questions about my local market here in South Bend, In.
Post: Newbie Here... Nice to Meet You All
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Lisa Drury Welcome to BP. You are going to love and learn a ton. Please reach out if you have any questions about my local market here in South Bend, In.
Post: Frenchy introduction to BP from Savannah, GA
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Charles H. Welcome to BP. You are going to love and learn a ton. Please reach out if you have any questions about my local market here in South Bend, In.
Post: Advice about my first SFR purchase in South Bend
- Investor
- South Bend, IN
- Posts 153
- Votes 37
I agree with @Account Closed I think it all depends on your tolerance for risk and comparing that with your short term goals. There are other areas in the city that are more conservative for a first time purchase in this market. Looking forward to hearing feedback.
Post: Great Rental Opportunities in South Bend. Low Cost of Admission.
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Stephen Fryer are the two deals you have in 46628 still available?
Post: 9 Home Single Family Home Portfolio
- Investor
- South Bend, IN
- Posts 153
- Votes 37
9 home single family portfolio
All homes are rented
At current numbers it is cash flowing
ProForma numbers this is a cash cow
Very popular zip code in South Bend based on MLS and List Source research.
Contact me for income expense info.
Post: Purchasing Small Portfolio On Land Contract to BRRRR
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Need advise.
The deal: Location South Bend, In
13 properties
All priced below assessed value.
Condition of all properties is rough and all are in need of extensive renovations to bring to rent readiness state.
All properties are single family homes and all are located in C to D areas of the city.
Sec 8 rents run $700-$900 for similiar homes.
Market rent is comparable
Strategy:
Purchase on land contract at 12% for 6 years.
I would be responsible for all renovations.
I would rent out the properties and then refinance at better rate.
Does this deal make sense and has anyone every done BRRRR on land contract?
Post: Looking for a Property Manager in South Bend Indiana
- Investor
- South Bend, IN
- Posts 153
- Votes 37
@Stephen Fryer please send me a private message with more details of what you need.