All Forum Posts by: Sky Mikesell

We have a property in the penn hills neighborhood we are wholesaling. House needs a full renovation. It is good neighborhood. House ARV is $90-95k Price is only $37k
call 704-622-3326

Great fixer Huge upside potential! Single-family investment property in Penn Hill neighborhood of Pittsburgh... Only $39,000

ARV is $95k

Property is located at 9226 Valley Street.

This is the ugly house in the great neighborhood we are all looking for. Street and area is full of owner occupants who take good care of their properties.

This property is 1,218 square feet and has 3 bedrooms and 1 baths. The total land size of this property is 0.14.

Renovations needed: Full Rehab.

 send an offer!

Great fixer upper... Owner Financing.      
Neighborhood not perfect but will rent out for solid rental income.   

You can have this house paid off in 5 short years.   

Terms: 

Purchase Price: $14,900

$4,900 down

$10,000 owner finance loan

Payments $200.00 per month for 60 months

House is yours Free and Clear!!! 

If you are a handyman that can do this work yourself it is very straight forward. 

House has hardwood floors and the structure and bones are overall in good shape.  

Turn-key Rental Fully renovated with HUGE cash flow. 18 month lease with Rent Guaranteed for next 12 months.

Renovation updates include; new hvac, new water heater, new plumbing fixtures, new flooring, new everything inside!

The Numbers:

Purchase Price: $59,000

Rented for $750/mo. Rent automatically increases to $790 in 12 months.

Monthly expenses: Property Tax: $65.75/mo Insurance: $45.00 Property Management: $67.50

NET MONTHLY CASH FLOW: $572.75

NET https://www.dropbox.com/sh/hj2iao43lm075h5/AAClqrh...

Turn-key Rental Fully renovated with HUGE cash flow.   18 month lease with Rent Guaranteed for next 12 months.  

Renovation updates include; new hvac, new water heater, new plumbing fixtures, new flooring, new everything inside! 

The Numbers: 

Purchase Price: $62,000

Rented for $750/mo.   Rent automatically increases to $790 in 12 months. 

Monthly expenses:   Property Tax: $65.75/mo    Insurance: $45.00      Property Management: $67.50

NET MONTHLY CASH FLOW: $572.75

NET ROI on cash purchase: 11.1%

Rental Income Protection comes with property and can be renewed in 12 months by the new owner.   This means even if tenant stops paying rent YOU the new owner lose no money!!!!    This is provided by NationwideRentsure.com  
The way it works is IF tenant defaults on rent the membership will continue to pay new owner rent, will pay for the cost of eviction, it will do the eviction, and it will pay up to $10k in malicious damage. 

Sorta like a home warranty but protects the landlord from losing rental income.   To see all pics of property click here:   https://www.dropbox.com/sh/hj2iao43lm075h5/AAClqrh...   

What kind of price and /or terms are you looking for on this?

Wow lots of conflicting advise on here. A quit claim deed is a seller "quitting" all that is on title. I buy a number of properties each year where the deed is transferred from this particular seller I work with via a quit claim deed. I get title searched every time, I review what is on title and decide if I choose to accept what is on there (most of the time nothing is on there) I choose not to get title policies but that is my personal choice and experience and not something I would advise to anyone else. Once you get the deed and whenever you decide to exit the property you can still sell the property using a general warranty deed. The title company will do the research and make sure proper chain was established and in tact ... (They are less concerned about what type of instrument was used to transfer the deed between owners as long as it did not muck up the chain of title. ) So no worries.... In my experience If the deal is right... Title is clear... And you can get a title policy post close, it is a Go!

@Anna McGill   ... I love a great book as well.  you will be blasted with answers so brace yourself...  I am old school and prefer classic real estate education ... the educators i have found most helpful have been Lou Brown (mostly weekend seminars... a true professional at his craft) , Pete Fortunato, John Schaub. (Making it big on little deals)  Jimmy Napier (Invest in Debt)

For negotiation... Getting to Yes is a great book and has all the great tips on negotiating anything from a yard sale to a real estate deal.  
I can keep going for other topics if you want but i wont bore anyone here... 

@Hank Wu  all of us in the industry deal with stress... some of us just deal with it differently.  I would say the stress you are dealing with could be caused by feeling out of your element or geographic location of your properties ... would you mind sharing what type of investing you are doing and why it is stressing you out specifically?   maybe there are systems you could put in place to put your mind at ease. 

Our company is Nationwide RentSure.    We are one of the only Rental income protection companies in the country.  Our job is to bring peace of mind to landlords.  
  If a landlord has a tenant who defaults our company will:  

1.  Evict the tenant and pay for it.    

2.  Pay the landlord the lost rent.  (yes seriously) 

3.  Pay the landlord up to $10k in malicious damage. 

If you think you know more then 10 landlords that would benefit from having this Very affordable product on their rental properties and  you believe you can sell it -  I want to hear from you.     We can set you up as an affiliate in your area... you will be trained and can work from anywhere and sell to any landlord anywhere in the U.S. 

Look forward to hearing from you