All Forum Posts by: Nate Armstrong

Does anyone have a referral to a good closing coordinator?  Someone who can help take 15 to 20 closings per month to the finish line?  Mostly wholesale deals.  Working with the title company alone is not enough hands on support so I am hoping to find a someone that does this as a service. 

Home Invest is looking for general contractors to join one of the top teams in the country! We're buying TONS of properties in the Milwaukee area and are looking for contractors to help make them beautiful with full renovations.

For people who are interested, we are hosting a live webinar to get all questions asked and answered and share details on what the work entails.

If you are interested or know of any contractors who may be, please visit HomeInvestCareers.com/Contractor

2.5-car, detached garage, Cape Cod, Built 1948.

This oversized, brick cape cod home features a bright living room that leads to its eat-in kitchen and two nice-sized bedrooms on the main floor. The upstairs features a large master bedroom, and the lower level has amazing extra entertainment space, just bring your TLC decorating ideas! This one is the perfect place to call home! Only 2.4 miles from Lincoln Park Golf Course & 6.2 miles from Bayshore Town Shopping Center!

Check out the rehab process here: https://www.youtube.com/watch?v=e4SxWCm-ilc

Property will be sold as Turnkey.

Thanks, @Noah Kurz! Please let me know if you're interested in seeing anymore Turnkeys that we have available. :)

@Bryson Pennock Here's how the number break down:

Financed cash on cash ROI 10.14%.

Cash-flowing ranch home in the Lindsay Park neighborhood on a quiet, tree-lined street. Large detached 2-car garage, completely renovated, and quick 12 mile drive to popular Whitefish Bay area. 

Renovated 1950 Cape Cod in Milwaukee, WI. Turnkey property with tenants in place. Cash on cash ROI 4.92%.

Full Brochure Here

Please post below or PM me if interested.

2821 Dubuque St Davenport IA 52803

2 bed, 1 bath, 1079 sqft, 2 car garage, built 1930. Closing date: 4/25/16

Zillow

Trulia

Pictures

Scope of work

Price: $54,500

Rehab: $28,000

Carrying Costs: $1,000

Closing Costs: $2,000

Total Turnkey Price: $85,500

ARV: $90,000

Rental Projections

Monthly Rent: $1000

Taxes: $129

Management: $80

Vacancy Reserve: $50

Insurance: $89

Maintenance Reserve: $50

Net: $602

Monthly x 12: $7,224

Strictly Cash on Cash ROI: 8.76%

Financed/Refinanced 75%

Down Payment: $20,625

Mortgage Interest Rate: 5%

Mortgage Amortization: 25

Mortgage Monthly Payment: $361.72

Net Cash Flow Less Mortgage: $240.24

Net Net x 12: $2,883

Financed Cash on Cash ROI: 13.98%

Comps:

3025 Davenport Ave Dav Sold $82,900 1/16 (95.51)

2 bed/ 1 bath 868 sqft

1 story frame built 1940

2 car garage/ basement

.6 miles away

2961 Farnam st Sold $89,900 12/15 (84.02)

2 bed/ 1 bath 1070 sqft

1 story frame built 1920

2 car garage/ basement

.3 miles away

1104 E Dover Ct Dav Sold $104,750 12/15 (87.29)

2 bed/ 1 bath 1200 sqft

1 story frame built 1920

1 car garage/ basement/fireplace/porch

1 mile away

Comps on a Map:

Notes and Disclosures: The ARV (After Repair Value) is based on a broker's and/or Realtor's price opinion. The broker and/or Realtor is not an appraiser, and does not claim to be an appraiser. We are real estate investment service entities. We have provided the information within this brochure for the benefit of investors. Investors are encouraged to verify all estimations independently. We assume no liability, expressed or implied, for the accuracy of our estimations. We do not give authority, expressed or implied, to the recipient of this information to enter onto this property.

Full Brochure Here

Please post below or PM me if interested.

4626 W Hale Place

Milwaukee, WI 53216

3 bedrooms, 1.5 bathrooms, 1498 sqft

Detached garage, frame, built 1924

Closing date: April 11th, 2016

• Zillow
• Trulia
• Video - Outside
• Video 2 - Inside
• Repair List

Price: $53,000

Rehab: $30,000

Carrying Costs: $1,000

Closing Costs: $2,000

Total Turnkey Price: $86,000

ARV: $87,000

Comps

3252 N 48th Street. Sold 1/16 $104,000. ($72.37/sqft)3BR/1.5BA, 1437 sqft Detached garage, brick provincial, built 1932 Retail upgrades to kitchen, rest of property dated .3 miles away Adjustments made in ARV configuration: deduction for retail grade updates to kitchen 4512 W Leon Terrace. Sold 3/16 $99,50. ($59.55/sqft) 4BR/2BA, 1671 sqft Detached garage, frame bungalow, built 1930 Rental grade updates throuhgout .8 miles away Adjustments made in ARV configuration: deduction for additional bedroom, deduction for additional bathroom, deduction for additional square footage 4505 W Medford Ave. Sold 10/15 $97,100. ($60.50/sqft) 3BR/1.5BA, 1605 sqft Detached garage, brick colonial, built 1935 Rental upgrades to kitchen, fresh paint throughout, rest of property dated Adjustments made in ARV configuration: deduction for additional square footage

ARV $87,000

Map

Notes and Disclosures: The ARV (After Repair Value) is based on a broker's and/or Realtor's price opinion. The broker and/or Realtor is not an appraiser, and does not claim to be an appraiser. We are real estate investment service entities. We have provided the information within this brochure for the benefit of investors. Investors are encouraged to verify all estimations independently. We assume no liability, expressed or implied, for the accuracy of our estimations. We do not give authority, expressed or implied, to the recipient of this information to enter onto this property.

Hi @Mike D'Arrigo,

My company always uses slightly lower ARV's and rent amounts to stay conservative on our projections. We'd rather allow room for higher-than-promised values and rent amounts to keep our investors and clients happy.