9 September 2018 | 10 replies
KC has very strong economic and demographic fundamentals such as job growth, population growth, diverse industries etc. that continue to make it a strong market in my opinion.
6 September 2018 | 2 replies
He has since all but quit the industry we used to work in together (I’m still in it), and has gone full-time REI.
5 September 2018 | 5 replies
"How you doing, your family member is selling me the roof over your head and you need to leave" doesn't seem like a good conversation starter.Lastly, is there an industry standard incentive that typically works to motivate "tenants" to move out sooner than later?
11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses- (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story.
5 September 2018 | 2 replies
Hi Everyone, I'm looking to create some handout materials for my real estate portfolio to give out to lenders (local banks, private money/hard money ) as well as any other industry professional I want to initiate a relationship with and potentially do business.
12 September 2018 | 36 replies
Seems high for pinellas county unless you are paying utilities for both units?
6 September 2018 | 4 replies
I recently reviewed a list from a local township, and it looks like more than real estate taxes are considered with regard to tax liens (e.g. water/sewer, public utilities).
21 May 2019 | 4 replies
If so, call the utility company and see if they'll give you a year's worth of charges.Lawn / Snow: $100+/month depending on the lot, etc.
22 May 2019 | 8 replies
Clearly, you have experience within the industry.
21 May 2019 | 2 replies
I can qualify for the FHA loan, however, as previously stated, I am looking to utilize my first home as an investment.