Rental and Cashflow Property - Management, Strategies and More

Is anyone who attended the Edge 2011, or bought the Edge 2011, attempting or doing what Ali S. is doing in Cleveland? If so, I have access to a group of people who are investing in and around Atlanta, Ga. They are not completely satisfied with this area. They have money and would be willing to invest with the right incentive (knowledge and proof). If anyone who has the expertise is interested, please let me know. Thanks to all the DG family who reach and help, I am thankful and in awe. Wishing everyone at DG, and anyone who comes here perseverance and success. God Bless you all.

I realize this might have already been adressed somewhere in this website, but I need to get advice quickly as I am about to hit the send button to my realtor about using this strategy, any advice on this will be of Great Use, thanks to anyone who is willing to help.

Kathy

Here's the specs on our first deal. If anyone wants a great investment prop in Oklahoma City, we got you right here! Youtube video coming soon.

This is a duplex in the trendy historic district of OKC. The sales price is $40,000 which includes the assignment fee. Rehab is estimated at $16-18K. Rent factors in the area are $600-700 per month. So, on the low end, you could count on $1200 a month on a $60,000 investment. (pretty good eh!) and the quick flip value is supposed to be around $80K according to our REA.

The address is 2828 NW 17th street. If you want more details, pics, or whatnot, PM me.

We have a couple deals working and I'm wanting someone experienced to check our offers and our math. The first problem with the 2 deals we found from our bandit signs is that we don't have buyers in those areas. The signs they saw were in the part of town we were trying to score deals in. Anyway, here are the specs:

1st deal is a lady who is too old to care for her home. She is mostly moved out, but still have stuff in her house. I believe she can't afford the house based on the information she gave me, and it's possible that she might be close to foreclosure. Here it goes:

Asking $40,000 but negotiable
owes $35,500, will take payoff
ARV is $57,400
house needs new flooring, paint, and had the central air/heat stolen from it.
3 bed, 1 bath, 889 sq feet

I have several Turn Key Rentals in Cleveland OH that I am looking to sale for cheap

All properties are fully rented earning monthly rents from $450-$1300.

Each property has at least a 1 year lease signed.

Earning great returns from 8%-30%.

And each property comes with property management in place and fully rehabbed.

You don't have to do anything to the properties other than collect a check.

If you have interest, or know of other investors that may be interested please call me.

I want to preface this by saying this is my first deal I'm setting up.

I'm 22 finished with school and working. I have 65k saved and car is paid for. Credit is 749 and have no debt whatsoever. However, haven't been at my job for long.

I'm moving out of my parents home in Feb-June to get my first home. (Getting married the following November). I want to have this home ready for when I get married(She won't live with me until we're married.)

My original plan was to put 65k down payment towards my home and have a 15 yr mortgage with low payments.

An investor I spoke with suggested not putting ALL the 65k in one property. "You want to be an investor right? Don't put all the eggs in one basket."

Hello DG family,

Does anyone have suggestions for great property management company in the San Francisco area?
My friend has a house currently rented out but his friend is doing a very lousy job keeping track of tenants and rents. It is causing him lots of unnecessary stress.

Please let me know if you know of any.

Thank you so much!!

Say it so..................

WASHINGTON (AP) -- The Obama administration may turn

thousands of government-owned foreclosures into rental properties to help boost falling home prices.

The Federal Housing Finance Agency said Wednesday it is seeking input from investors on how to rent homes owned by government-controlled mortgage companies Fannie Mae and Freddie Mac and the Federal Housing Administration.

The U.S. government rescued Fannie and Freddie in September 2008 and has funded them since the financial crisis. The mortgage giants own or guarantee about half of the nation's mortgages and nearly all new mortgages.

What do you guys think would be good for rental properties as far as floors hardwood, vinyl, commercial carpet or tile i want to know what woult be more cost affective and what would be good for the long haul.. Thanks

Hey DG Fam,
What sites have you had good results with for doing background checks on potential tenants?
Appreciate you sharing!
Thanks!