16 June 2018 | 12 replies
Network a lot with agents and add value to them.You can find them yourself - but know that you are starting a marketing and sales company vs a project management company which I classify rehabbing to beYou can network with the people who do have marketing and sales companies (wholesalers), and add value to them.If I were you, I would find the wholesalers in your area, build a relationship, and figure out how you can buy from them.
5 August 2018 | 12 replies
Unless you're in a high demand area, building a duplex is going to be way more paperwork and a lot more money than just buying an existing home.
6 August 2018 | 9 replies
It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.
17 December 2018 | 18 replies
Looking to purchase Danvers or points East on Cape Ann.Have recently started driving for dollars in the area, building a list of leads for an eventual direct mail campaign.
20 July 2018 | 0 replies
i recently found a property that is an old farm house that sits in a good bit of land but it isnt used as a farm any more and also located on the property is a large 20 dog kennel building that the owners have been useing as an animal shelter so i was wondering if it would be a possible to get a grand to buy the land?
9 June 2018 | 14 replies
My updated plan from the advice here on the thread:Connect with Tulsa area builders and agents that work with buyers who want to build to explore options on selling the lotDetermine if a 1031 exchange make sense to help fund the first propertyHave the first property be in San DiegoConnect with SD based BP folks and agents to explore SD optionsPurchase SD property that makes the most senseKeep investigating wholesaling feasibility to make more $Begin research on Miami property (STR rental laws, Airbnb alternatives, 6 month standard lease options for when I'm not there)Move on to NYC property research then VancouverBut focusing on #1 first - any other tips/tricks to selling lots you all like?
29 June 2018 | 31 replies
To me, this confirmed the value of focusing on an area, building a good maintenance team and a solid network of agents and contractors.
3 November 2017 | 11 replies
I'm generally in the No Pet side, but the yard lends itself to outside dogs (fenced in plus fenced kennel).
26 March 2018 | 2 replies
Property is an operating chicken farm (chickens net over $90k income/year) with an operating pet boarding Kennel (nets over $100k per year) along with over 80 acres of tillable land, a newly renovated 4 br/3 bath 2500 sq ft home, large (100x200) shed/building/garage and separate office building (12x24) for Kennel.
28 February 2018 | 8 replies
Can the area/building support an additional $100-$200 in rent per month?