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Robert_WV

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About Robert_WV

  • Rank
    Newbie
  • Birthday 11/10/1951

Contact Methods

  • Website URL
    http://www.midohiovalley.com
  • ICQ
    0

Profile Information

  • Gender
    Male
  • Location
    Parkersburg, WV
  • Interests
    my family, my grandkids and old cars
  1. Hey guys...hope all is well with you and that you are ready for a great Xmas. Just wanted to give you an update and let you know we are under contract @ $220k for the properties and he is paying me $500 mo to collect rents and keep things moving for him. We are making a good bundle after payoff so all is good. thanks for your input and refreshing my brain a bit and wishing you both a very Merry Christmas
  2. thank you both for your input and the welcome. like i said, it had been a few years and could not remember the formula. i hope you all had a great thanksgiving and michael...if i ever make it to fl. we may have to have a lasangna cookoff. i am known to make a pretty mean one w/killer sauce. Ha. have a great day and holiday season. have you guys noticed any change where you live. i live in a small town in wv and just last weekend saw two businesses that have been long term being auctioned.
  3. thanks so much. it has been a while since i used the formula and i could not remember it for the like of me. thank you for refreshing this tired brain. have used it a few times in the past, but have not bought any properties in over 3 years. i got an email about this place so i am glad i stopped by and think i will hang around this one. are there many people in these forums or do they stay busy.
  4. I was looking at around a 20- return on dollars and trying to nail down good offer based on net . Actually these properties are mine and have an offer on them which is way whacko based on real no.'s and the net is actually low. it is really around $51k but wanted some other opinions to show this guy how far out he is. i am actually offering it to him for $280k and he is bucking trying to buy it for nothing because he is putting up around $75k. thanks for your input
  5. I am looking at property that after ALL expenses,(taxes,ins.,vacancy,other exp.mgt.) the bottom line net profit is $47,400 per year. gross is $61,900 what would you consider the value to be based on profit. Mixed w/one duplex, one single family and 10 unit trailer park. can't remember the formula for calculating asset based on net value = price. own several properties now. any help and always an opinion...appreciated. thanks rob email romine@midohiovalley.com
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