Aug 242009
This is a brand new acquisition. Properties have not been shopped- not floating around on the Internet
- We own these properties – You will be dealing directly with the OWNER and PRINCIPAL
- 131 Properties
- Some Warranty Deeds / Some Quitclaim deeds -We provide to you what the bank has provided to us.
- Some tax prorations -We provide to you what the bank has provided to us.
- Package may be broken up – make offer (See notes below).
- Buyer to perform due diligence
- Sold AS IS / WHERE IS
- States: (85)FL, (2)IA, (4)KS, (1)MA, (1)ME, (9)MO, (1)ND, (3)NE, (2)NY, 5(OH), (12)PA, (1)SD, 2(VA), (1)WV, (1)WY
- PURCHASE PRICE IS $3.15M
TO BUY:
- Email us your POFs to see the full list.
- Do your due diligence and be ready to buy.
- Enter contract for the entire list or cherry-pick and make an offer above the average price per house ($24,045.00)
Seller financing is also available, but you must include a POFs for the down payment and be ready to provide standard financial documentation. We can approve you in MINUTES!
Aug 082009
These are NOT the typical low-end, trash properties everyone
else is selling that you’ll never be able to re-sell or rent out.
- Properties are located in stable, middle class neighborhoods
- Already rehabbed with tenants in place
- Tenants with 2-year lease with option to purchase
- Financing available
This is an unbelievable opportunity to do NOTHING and generate cash flow!
Here is an example of the last deal we closed:
| Purchase Price | $78,000.00 |
| Closing Costs: | $1500.00 |
| Total Cost: | $79,500.00 |
| Monthly Figures: | |
| Rental Income | $1095.00 |
| Taxes & Insurance | -$200.00 |
| Property MGMT Fee (8%) | -$88.00 |
| NET Cashflow | $807.00 |
| Annual Cashflow | $9,684.00 |
| Cap Rate | 12.2% |
- Current inventory is located in Memphis, TN.
- Investment is completely hands-off
- Property Management in place to deal with all tenant issues
Limited Supply Serious buyers only!
or
Call my partner Scott at 813-283-8096