That “$1mil” hypothetical deal was exactly what I did last year. 12 unit was asking for $1mil and number doesn’t work unless it is $800k. We settled with $900k and seller financing @4.25% 10year ballon. I also own the building next to this deal with “values added” in the making; 30% occupancy. My playbook on this deal is “four green houses” 😂
Hey Mike, is there anybody in your network do the analysis about the permit so that we can forecast the new inventory in the coming up years? That would be great insight about Ken’s prediction …
Could you please add timestamps? It would be incredibly helpful when revisiting your videos! Thanks 👍🏻
Need to look into that
Would like that too Mike thanks! See if the VA can do that and scale more videos:)@@OneRentalataTime
That “$1mil” hypothetical deal was exactly what I did last year. 12 unit was asking for $1mil and number doesn’t work unless it is $800k. We settled with $900k and seller financing @4.25% 10year ballon.
I also own the building next to this deal with “values added” in the making; 30% occupancy.
My playbook on this deal is “four green houses” 😂
Boom!! Nice work
What Market are you in?
@@johnnyb33good21 Columbus Ohio and its suburbs
My wife and I will be listening to this video. On our way to Las Vegas for the conference.
Awesome!! Safe journey
Love your videos. Great advice
So glad!
Hey Mike, is there anybody in your network do the analysis about the permit so that we can forecast the new inventory in the coming up years? That would be great insight about Ken’s prediction …
Great question, let me ask around
Great video. About to listen to it again! Thank you
Thanks for listening
Generally speaking what percentage of the rent should the margate payment be?
The closer you get to 30% the better
Please tell me what the margate payment is. Thanks.
How are you all marketing for seller financed deals?
PropStream is my tool of choice
This is the stuff us veteran RE investors need 😎👌
Awesome
So based on what your saying it seems like you would want to raise a fund to build stuff?
Not my thing but I wouldn’t mind buying someone else’s project if they ran out of money
Is the housing market going to be good for next 20 years with the baby boomers retiring and moving to smaller places?
Yes.
Money always moves the only thing is to know where it’s going. When money flows from somewhere it flows to somewhere else.
What do you think?
Search on "Boomers down sizing" . It has not come to fruition.
Excellent
Thanks