All Forum Posts by: Carlos Gutierrez

Hi,

I’ve sent you an email with the details. 

Hi,

Thank you for your interest. This specific deal we are raising $125,000 for 12% yearly for a 2 year hold. If you are interested we have a minimum of $50,000. Let me know if that’s something that you are interested in and I’ll send you all of the info.

Thank you

Carlos  G.

Hi, I just saw this. Sent you an email.

Hi,

I have 48 units in SC under contract. Looking for either equity investors or debt investors to help close this deal. I have about 60 days to close. Sales price $971,250. ARV conservatively is $1.4M.

Area has very low amount supply and tons of demand for affordable rentals.

Thank you

Carlos Gutierrez

843-934-4250.

[email protected]

Hi,

I am under contract on a 12-14 unit Retail Center (strip Center) in Charleston SC. If youre interested in this property give me a shout and we can talk about. Possible investment opportunity/Partnership. 

**NOT a WHOLESALE Deal***

$2.8M Sales Price (negotiable)

12-14 units

Off major rd

$163,000 NOI

6-7% Cap Rate

70% Occupancy 

Owner owns the property outright and there's some wiggle room for negotiations.

Call or message me here for more info.

sounds good Matt maybe I'll call you when go to refi. 

My biggest complain was the 20 year amort. It affected our cash flow significantly 

@Matt H.

The credit union did 1 blanket loan for all 20 units.  Once we stabilized the property we will refi and pay back investors at 10% return fixed. And enjoy the cash flow. Hopefully! 

I'll keep you guys updated.

hi,

We just closed this deal in February. So we are just getting started with the Reno of the 8 plex.

We are below budget right now.

$12k for roof

$1700 on French drain

$3800 in windows

$1400 in misc door trim/fixing from and back sliding glass doors

$2600 in fence and brick work.

I'll give another update in about 3-4 months. We should be done with the Reno by then.

Hi,

Here's an update:

We where able to secure a recourse loan through a local lender Heritage Trust Credit Union. Here's the financials.

$750,000 purchase price

$600,000 loan

20 year amortization (not the best, but it will do)

$150,000 down payment.

$75-$80,000 in renovations

4 month interest only

5.5% interest

Private money used for the down payment and Reno. $150,000.

The first month we went from 6 out of the 20 units occupied to 12 out of 20 occupied. And 2 more leases coming through in the next 1 month.

Expenses are about 40%-45% and we are working on lowering them.

Rents are $775 for 2 bed and $875 for 3 bed and we haven't had anyone complain about the rent cost.

can I get more info on the property in Goose Creek?