All Forum Posts by: Trevor Scheiderer

@Bill Brandt Thank you so much for your feedback, Bill! The listing price on these is about 1.2MM. However, I figure at $950k, there is room for a 12% Cash on Cash and more than $150 per door per month after all expenses and fees. Does this sound worth while to you as an investor?

@Don Konipol Thank you so much for your input. It brings many good questions to the table. In terms of calculating profit, this was completed using the BP calculator with all current expenses as is, according to the listing. It also reflects current rent rates. The main reason I am looking to go out of state is because I am originally from Wisconsin, and just moved to NY. To say that housing prices are high was an understatement compared to the real estate I was used to. However, for the value, I still stand beside this deal. You mentioned hard money can be as high as 12%. Would this be typical for a purchase of this size?

@Randall Weatherall I learned that this is being sold as a portfolio because the owner is looking to upgrade property types. He is trying to sell so he can do a 1031.

Get into an area that captures your interest. There are so many niches in real estate and whether yours is multifamily, flipping, wholesaling, trailer parks, laundromats, etc, there is something for everyone and you can make money in all of them. Happy hunting!

@Steve Rozenberg This is very helpful! Thank you for the advice!

@Aaron Wade It is profiting net about $149k annual. Not sure why they are selling yet.

@Stephen Akindona Do you think traveling there on the weekends would suffice for an opportunity? It is about 3 hours away from where I currently live. Thank you for the feedback!

I am considering purchasing a portfolio of 6 properties as a first deal (newbie mistake?) It is located in a different state, but has amazing potential for profitability. There would definitely need to be some rehab, but seems to be an interesting option. Thoughts?