@jaytrader OH, I couldn’t afford a parking space in NYC. I am small time.
CajunDavid
@CajunDavid
Posts made by CajunDavid
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
@jaytrader For screaming deals, cash is required here also. I am in Fond Du Lac, Wisconsin, a great, fun market. My winter home is on the coast. My costs are relatively low due to the fact that I do 95% of the labor on rehabs. It also moves the time line along greatly if I am not waiting on sub’s schedules.
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
I have bought them for less. I like HUDS, REO’s and estates. I get them after they sit for a while. Most of them are not bank loan eligible. That eliminates 95% of the buyers. I never buy 1 I wouldnt live in myself. I look for absolute miracles and refuse to settle for less. Could by why I am having such a difficult time. There were recently a few great HUDS that I bid on but lost down around Biloxi.
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
One thing I have wondered about in different markets is the availability of bargain homes. I buy only screaming deals and drive a hard bargain. I haven’t found anything suitable in a few years. I bought 4 in 9 months then it kind of dried up. I have been successful in homes (not in the slums) that I collected 1.5 of my total all in costs* for rent every month such as a $38k home renting for $600. Maybe I am spoiled. Anybody have any comments on their market? I also am attempting to do something near my winter home on the gulf in or very near Diamondhead, Mississippi.
*This includes purchase price and any and all renovations and repair costs.
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
@rufflesinc I have been involved with both single family units and a small 24 unit complex. I find it’s a totally different market. Apt dwellers want everything done for them, snow plowed, drives swept, and usually won’t even pick up a piece of litter in the parking lot. SFH expect to do all of that themselves. I ran much less service on SFH. Most of my homes actually had less square footage than area 2 bedroom apts. I also find that turnover in SFH is a bit less.
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RE: Philips LED Bulb 8 Pack 100 Watt Equivalent, Soft White (2700K) A19 Non Dimmable, $30 at Amazon
Thanks all. I have no HD or Cosco local to me so I either order with free ship or wait until I head down south.
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RE: Kindle - ALL GAIN, NO PAIN: The Over-40 Man's Comeback Guide to Rebuild Your Body
I hope this plan includes ice cream.
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RE: Philips LED Bulb 8 Pack 100 Watt Equivalent, Soft White (2700K) A19 Non Dimmable, $30 at Amazon
Thanks! I have been unable to find 100 watt eq. Bulbs locally. In 4 1