Rental and Cashflow Property - Management, Strategies and More

Hundreds of cash flow properties available by seller direct, I am not involved, just helping out a friend, message me for details please. Serious interest only. THanks !

RJB
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I think I have narrowed my focus to leasing properties. I have only recently received 2 of Dean's books. "Your Town You Real Estate profits" and "profit from Real Estate Right Now". I have also ordered the "Think a little Different" set. Do any of Deans books focus more on doing leases? I am halfway through "Right Now" and should get the think a little different set any day. All I need to know is am I pointed in the right direction? Or can someone suggest another book?

A bird-dogger contacted me today telling me about a deal he found:

7 cap,
owner will carry with 10% down at 5.5%!!!
8 units - on 1.456 acres.
Price is $650,000

Annual income: 69,800
laundry 1,800
Total 71,400

Expenses
Taxes 7025
Insurance 3381
Electricity 1500
Rubbish 1500
water 4600
Cable TV 1980
Maintenance 6000
Advertising 400

Total Expenses 24,106
Net Operating 47,294

should this be something I should pursue? What questions should I ask?

I have gotten so much support here I wanted to give something back.

This is a cashflow spread sheet i use to glance over numbers quickly.

Post questions comments here

http://www.mediafire.com/?xaygkd59xtivuxz

Folks, I have a dilemma. I own a house that I rent and would like to lease option it. Because of all the refinancing going on in the neighborhood, and because of the depressed housing market,homes are appraising about 10% below their previous valves. This makes it hard for me to ask what I once could. So how can I find someone to lease w/option and set the price fair for me. I just find it confusing when I try to come up with a price that the home may no longer appraise for and I'm not willing to let it go cheap to a potential renter/buyer. Hope someone can decipher my question. How are others who are stuck with homes pricing them for lease and future purchase. I may be a motivated seller in the near future. I owe 50000 on a house that may appraise for 60000.

I found a great 2 family that is the classic ugly house in a great neighborhood. If I use an investor to purchase it and fix it up myself, how can I get the investors money back and keep the property as my own.

If you are looking at a multi plex that has two different buildings of units beign sold together, you might consder the following options:

If the buildings have separate parcel numbers, you might be able to easily sell one or both of the properties each on their own for a profit. Basically, you are going to buy by the quart and sell by the pint. It is a great way to make some great money quickly on a larger property. Obviously, the technique works best when you have a list of qualified buyers ready to go.

If the buildings do not have separate parcel numbers, you might consider loooking into what it would take to divide the parcels up in that respective county. In some cases, it is a long drawn out process, where as in other areas it is a pain free option.

If you are considering buying a property and holding it for any period of time as a rental, you should always consider some of the follow expenses before you submit an offer on the property.

If you have cash available, you will not have debt service to pay. HOwever, if you borrow from a line of credit, work with a private investor, usa a business line of credit, have the seller financing the property for you or get a conventional loan, you will have debt service expenses to consider.

You will need to remember the following operating expenses as your core expenses: insurance, property taxes, vacancy, and maintenance costs.

If you are considering buying a property that you intend to rent, no matter if it is a house or a multi unit, it is in your best interest to understand what is going on in your local rental market.

In some areas that have been hit hard by foreclosures we are seeing increasing amounts of home being offered for rent, thus an increase in the local vacancy rate for that area.

One thing to understand is that you are going to have a hard time overcoming or beating the local market vacancy rate unless you basically give away the property or rent to less than desirables.

As a real estate investor, you already know that a vacant apartment does not make money. Vacancy rate, the percentage of all units in your portfolio that are vacant at any time, is generally figured on a year or more of data, based on the number of units that are occupied and vacant monthly. Occupancy rate is the number of occupied units, and is often used because it is seen as more “positive” than vacancy rate.