OfflineJust wondering if there are investors on here looking for rentals in OH. I have a good cash flowing deal locked up if anyone is interested. Contact me if you'd like more details (pics, comps etc) but here's some numbers:
Price: $89,318
Monthly Income/Expense
Rent: $1200-1400
Taxes: $230
Insurance: $100
Management: $96*
Maintenance Fee: $50
Total Expenses: $476
Cost of Mortgage: $354*
CASHFLOW: $370-$570
ROI: 18%-27%
*Based on 8% of gross rent
**Loan amount 75% of purchase price - $66,989 @4%
ROI based on 25k investment
__________________
Hey Jasmine,
I don't know any landlords in your area but a couple of suggestions to find them.
1. Call your local landlord association, just do a google search for them. Contact them and see if you can send your list of deals to the person in-charge and have them email your list with your contact info to there members, so you can get calls back.
2. Call for rent ads off of craigslist: click on "APT/HOUSING" under the "HOUSING" section on craigslist, the ads that are there will have investors number, call them and ask if they are in the market to buy any more cash flow properties. If they say "no" ask them if they know anyone who is, most likely they will give you a referral if they don't want it themselves.
Hope this helps.
Good Luck,
Shah
Property Managers are landlords. You can contact them to see if they (or any of their clients) may be interested in it. You could check with a Realtor too to see who they'd recommend to manage a property...
The more thorough the question, the more thorough the answer.
Please fill out your profile with as much info as you're comfortable with.
Thanks.
Thanks Shah! Those are great tips! I did look on craig's lists ads but there was only really one in the town my house is in. I did call her but that's a great tip to ask for referrals!
Jasmine
Thanks that's a great tip! Appreciate it!
Jasmine, I might be interested in the property but can give me more details on this property? How many units? Where can you get an investment property loan for 4%? Property tax? Address of property so that I can drive by.
Ray