Tuesday, May 19, 2009

STEAL STEAL STEAL This Duplex in Ft Pierce - Only 19.9k!!!


910 22 St, Ft Pierce, FL


Did I say steal? I meant it in a good way. I challenge you to find a duplex in South Florida, at this price point, with little rehab needed, that will cash flow! And it's CBS construction!

If you have $19.9k in cash to purchase this property, plus my standard assignment fee of $3k, then pick up the phone and call me right now! 561-948-4231

It will only take $5k for minor repairs to get this baby rent ready. It doesn't matter what the ARV is, this duplex consists of two 2/1 units that will rent for $500/mo each. This is a cash cow for such a small investment!

This one will be gone by Wednesday, watch...

Cash Flow with a Little Piece of Kansas City


2448 Brooklyn Ave, Kansas City, MO 64127

Here is a good example of a great property that just needs some TLC to bring it back to life. This 3-story house has 5 bedrooms and 1 full bathroom, a perfect starter home for a family with a few kids. Get some action in the Midwest for only $26k, which includes my assignment fee. Rehab estimates came in at $20-$25k. ARV is $80k, so we're looking at only $29k in equity after repairs, so it's better to hold this one and make it a rental. Rents run $1000/mo, but sec8 will allow $1295/mo. Great cash flow for the investor who can make smart decisions quickly.

Call or email for more information! Now is the time to buy!

Thursday, June 19, 2008

Cash flow $1000/mo with this 4-plex (SOLD)

4-plex with all 3/2 units. Nearest major city is Austin, TX.





• Built in 2005
• New subdivision (55+ Community)
• Near large army base, colleges, malls
• Central AC, Alarm, Carpeted Floors, Gas Range, Playground/Park, Retirement Community
• Interior Features: Breakfast Bar, Galley Kitchen, Separate Dining, Oven/Range, Refrigerator, Dishwasher, Washer, Dryer, Ceiling Fans, Applies to All, Carpet, Walk-In Closet, Wash/Dry Conn, Smoke Alarm
• 3800 square ft
• Wood privacy fence

• Existing mortgage: $183k @ 6.5%, Payments of $1678/mo
• Value: $240k
Take over Subject To Existing Mortgage for $30k
• 2 units rented currently at 700/mo each (2 are empty due to army deployment)
• Property manager available at 8%
Cash flow about $1000/mo!

Friday, June 6, 2008

Deals Deals Deals! Check 'em out, they won't last long!

8005 Rothington Dr. #21-27 Dallas, TX 75227 - SOLD



• 4 Plex
• Square Feet 4,084
• Slab Foundation
• Construction Type (Frame)
• Tax Value $194,730
• Value $205,000
• Estimated repair cost $20K to $30K
• Estimated annual taxes $4896.00
• Estimated repair cost $20K to $30K
• TOTAL ASKING PRICE INCLUDING REPAIRS:$135,000 (LTV OF 65%)
• Rent range $600 to $700 per unit (EXCELLENT cash flow)
• 5 to 8 mins from shopping center, grocery store and Interstate 30
• Walking distance from schools, parks and Freeways for easy Commute!
• 15 to 20 mins from Downtown Dallas

Exit Strategies
• Retail (Do repairs then re-sell)
• Fix and Hold (GREAT cashflow potential)




9768 North Sandree Drive Citrus Springs, FL 34434



• 4BR, 2BA SFR w/ 2 car garage
• Owner Finance, possible Subject To Deal
• $54K in equity, newer home - 2004
• 2080 s.f. - huge family room, nice backyard
• Property Value: $230K + /house next door sold for $240K
• Balance of the Mortgage: $176K
• 1st Mortgage 30 year fixed, 27 years left at 6.375%
• Payment $1403.29 PITI
• Payments are current, no repairs
• Rent range $1500 to $1525 max
• Possible cash flow situation
• Assignment Fee: $9800




2103 Glen Manor Rd Corinth, TX 76208



• 4BR, 2 1/2BA SFR
• Subject to Deal
• 2776 square feet of living space
• Newer home - 2004
• Property Value: $238,700
• Mortgage Balance: $197,000
• Equity: $40,000
• Payments: $1843 PITI @ 6.25%
• 25 years left on mortgage
• Assignment Fee: $4,000




1323 Fairview Ave. Joliet, IL 60436



• Duplex
• Subject To Deal
• 1st Unit: $525
• 2nd Unit: $700
• Payment: $650 PITI
• Mortgage: $58k
• Property Value: $116.5K
• Cash Flow: $575 when occupied
• Assignment Fee: $5K




3937 W. Flournoy Chicago, IL 60624



• Duplex - cash flowing with renters, 100% occupied, Sec 8 approved
• $30K+ in equity.
• Completely Rehabbed
• 1st unit: $1100
• 2nd unit: $1200
• Total: $2300

Mortgage scenario's:
• $308,000 @ 7% for 30 years, payment $2049.13
• Cash flow $250.87
• $308,000 @ 6.5% for 30 years, payment $1946.77
• Cash flow $353.23

• Property Value: $350K+
• Purchase Price: $308K Cash Deal




6n934 Woodlawn Joliet, IL 60174



• Triplex
• Possible Subject To Deal
• 1st Unit: $550(Front)
• 2nd Unit: $595(Middle)
• 3rd Unit: $735(Back)
• Payments: $1500 PITI
• Total Rent: $1885-$1500=$345 in positive CASH FLOW.
• Property Value: $201k, Will take cash deal of $191k
• This can also be a Subject To purchase, take over payments for 12-36 months, then must purchase outright at remaining mortgage balance or 90% LTV at that time, whichever is higher.
• Cash flowing property with Equity and getting the deed up front and not having to purchase for 12-36 months.
• Assignment Fee: $6000




As always, these deals are on a first-come-first-serve basis. So if you are interested, contact me via email RIGHT NOW saying "I want more info" and mention the property address.

Thursday, June 5, 2008

NO RESERVE! 4 BR/2BA Detroit MI - Great Rehab Property (SOLD)

You can buy it for $999 right now, so if you want it, fill out the contract below and contact me to send the deposit, and I will cancel the auction.

Just go here to see it now live on ebay...

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=200238380751



Address: 17175 Hamburg Street, Detroit, MI 48205

This Detroit 4 bedroom / 1.5 bath home boasts 1400 sq ft worth of space. This property as a rental can bring in $700-$800/month! As a rehab and flip you can be in this property for just pennies on the dollar. We have 2 rehab bids ($28k & $29.2k) so we estimate the rehab around $30k. There are some back taxes due on this property about $6k but the GOOD thing is we've priced this one with the taxes in mind. So purchase price + taxes + closing cost + rehab would be well under 50%!! Hey this is a Great house at at an EVEN Greater Price. Move fast on this one.

Documents:

Contract Instructions
Contract
Lead Based Paint Brochure
Appraisal
Title Insurance
Repair List 1
Repair List 2


Good luck and happy bidding!

Thanks again,

Ryan Oblander

Tuesday, June 3, 2008

Lights! Camera! Action! Own a house in Hollywood for less than 130k (SOLD)

Ok, so this isn't Hollywood in California. This is Hollywood in Florida. A small difference...

What we have is a nice 3/2 on a corner lot in East Hollywood just minutes from Downtown and Young Circle Park.

The best part is, this thing needs almost no work! Just paint and some touchup and voila, this house is ready to go!

Now, if that wasn't good enough. How about the price? The price is 128k and we estimate the repairs to be 1-3k. The comps and zillow are being generous with a retail value of 240k, but we're playing it safe with an ARV of 202k. So with repairs, you're looking at 65% LTV and at least 71k in equity!

Interested? Or do you want to see some pics first...





2472 Mayo St, Hollywood, FL 33020

3BR/2BA
Retail Price: $202,000 (Lower than avg comps)
Sale Price: $128,000 $115,000 (Cash or Hard Money)
Rehab Cost: $3,000

Notes:
This deal won't last long at all. If you are seriously interested in this property, please email me RIGHT NOW.

Friday, May 16, 2008

Who wants $63k in Instant Equity? (SOLD)


3080 Menlo Park Dr. Rex, GA
Located just outside of Atlanta

3BR/2BA/1400 sq ft
Basement that would add on another 1300 sq ft.
Retail Price: $130,000 (Based on avg comps)
Sale Price: $67,000 (Cash or Hard Money)
Rehab Cost: Top Floor - $17K, Basement - $10K (Optional)


Notes:
This is a good rental market. A contractor and property manager are on standby if you choose to use them. This deal won't last long. If you are seriously interested in this property, please email me RIGHT NOW.