Tuesday, May 19, 2009
STEAL STEAL STEAL This Duplex in Ft Pierce - Only 19.9k!!!
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...
Labels:
cash cow,
duplex,
flip,
florida,
fort pierce,
ft pierce,
hard money,
investment,
investors,
private money,
rehab,
rental
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!
Labels:
deal,
equity,
fixer-upper,
flip,
investment,
kansas,
kansas city,
rehab
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!
• 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.
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
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.
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.
Subscribe to:
Posts (Atom)