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  • Profile photo of StanStan
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    @stan
    Join Date: 2003
    Post Count: 5
    October 6, 2003 - 5:58 am

    Be very CAREFULL with those guys.
    They do inhouse valuations and inhouse
    finance. I know a person who bought from
    them and then couldn’t rent the place for
    six month and valuation was overpriced.

    Profile photo of StanStan
    Member
    @stan
    Join Date: 2003
    Post Count: 5
    September 16, 2003 - 3:42 am

    I did a quick calcs and assuming all 6 units are
    for sale for 170K they are 16K a year positive
    pre-tax and 13K positive after tax at 30% tax braket – 14.0% gross yield and 10.2 net yield.

    Because it is a 6 units the bank will consider
    it a comercial property and will probably only
    land 60-70% of the total value.

    Stan

    Profile photo of StanStan
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    @stan
    Join Date: 2003
    Post Count: 5
    September 9, 2003 - 4:14 am

    Rick Otton does seminars on wrapping.

    Profile photo of StanStan
    Member
    @stan
    Join Date: 2003
    Post Count: 5
    September 8, 2003 - 5:47 am

    I would suggust all the books in this link
    http://www.gatherumgoss.com/suggested_reading.htm

    Profile photo of StanStan
    Member
    @stan
    Join Date: 2003
    Post Count: 5
    September 4, 2003 - 7:26 am

    I have been on Richmastery on August and the found the contents of the seminar is very good. Their property Analysis software is easy to use and understand as well. They are advocating on buying properties 10%-20% below valuation – hence the canning from Jenman. IMHO they put a “win-win” in a different wording – I suspect this might upset a few people.

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