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All Forum Posts by: Andrea Benjaminson

Andrea Benjaminson has started 5 posts and replied 12 times.

Post: 2 SF 3/1 Brick rentals in Bedford VA PACKAGE DEAL!!!

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

2 Beautiful single family homes. One is newly renovated. Both are 3 bedroom 1.5 bathroom full brick ranchers. There is a property management company in place as well as a renter in each. Just purchase and wait for your monthly check to come in!! Renters pays $900 a month. Package deal!!!!!

Post: GREAT Performing Asset with Long Term Tenant in Hampton, VA

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

Rental property available at a great price!! This home is ready to go, just buy the home and wait for the checks to come in!!! Long term renter with a great record of paying rent of $900 a month. Home is priced to sell and will go fast. Do not miss your chance to own this home!!

Post: Fantastic Turn Key Investment in Bedford VA

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

SF Brick Turn key rental, renter and property management company in place! 

Post: Looking for networking advice

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

1) Be specific in what you are trying to find out

2) Be able to explain yourself clearly

3) Learn how to vet your resources

4) Learn academically but execute practically

Post: How do I pay with private money?

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

Hi Samuel,

There are a couple of ways

1) offer him a joint venture agreement with a certain percentage payout at the end of the deal

2) Do a member agreement just offer him a certain percentage back over a term of 12-18 months for example $30k at 5% amortized over 30 years paid off in 18 months

Post: HUD Home w/buried Oil Tank

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

Hello Steve,

To answer your questions, the quick answer is no. HUD will not pay to do anything. You will need to pay for the inspection to know just what you are getting into. This may be something you consider passing on if the numbers don't work with the need to pay for the removal of the tank and mold. You have to at the end of the day analyze if spending the money is worth the risk of what you get back in return.

Post: 27 year old guy needing financing advice!!

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

Jesse,

I would look into private money lenders. They each have their own lending matrix that they decide, you could maybe negotiate the terms you wanted. There are websites you can pay to get access to private money as well as just asking everyone you know if they have ever considered investing in real estate. You would be surprised how many people have extra money or knows someone who has extra money that they would like a better return then what the bank is offering. Hope this helps.

Post: FANTASTIC chance to make HUGE CCR in a short amount of time

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

My company has under contract two properties in Bedford Virginia. We are looking for someone who would like to be an equity or debt coverage partner for the deal.The contract is $90,000 for both properties. They are SF 3/1s, which are very common for that area. The average sale price for a SF 3/1 is $140,000 and the DOM are about 45. One home has a renter already living in the property. They pay $625 a month and have been there for 8 years. The other home needs a small renovation, around $12,000. The floors need to be refinished and the bathroom needs to be gutted and refinished. Each home will be listed for $137,000. The partnership would be a JV with you bringing the money for the deal. Please let me know if you have any questions. Call us directly at 888-669-1125 ext 2

Post: GREAT Performing Asset with Long Term Tenant in Bedford VA

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

This 3/1 SF has had the same tenant for 8 years. They have no intentions of moving out. Buy this property and collect your rental check each month. 

Post: New Member Getting Started from Ashburn, Virginia

Andrea BenjaminsonPosted
  • Real Estate Agent
  • Brunswick, MD
  • Posts 12
  • Votes 2

Welcome Barry! I just passed the VA license exam after having my MD for a while. If you need help please let me know!