All Forum Posts by: CJ Ramos

Beautiful Fully Upgraded 3/1 Home -- Rents for $1200/Month

Ask: 91K

ARV: 122K

This Turnkey rental has been fully upgraded : New Furnace, Water Heater, Roof, Updated entire Kitchen, Entire Bathroom, Paint, All Flooring including Carpet, Fixtures, Garage, and Basement!

Looking for cash buyer who can close quickly!

@Sam Erickson

The reason there are no repairs needed is because the property is currently fully occupied by very happy tenants. So if an investor wanted to, they could literally purchase the property and start collecting rent without having to do any repairs. Now, if you wanted to upgrade a few things here and there -- more power to you. but not needed at this time. You have a problem with me saying ARV.. That's fine..then the "value" is 121K.

Moving forward, according to the comps given to me by the agent, the average came out to $74/Sq Ft.  If you do the math based on the comps in the presentation they come out a little higher but only because it couldn't fit a couple lower price properties on the spreadsheet that were sold..  But I made sure to reflect them in the final arv (or value). 

At 70% that comes out to about an 84K ask. 

I figured I could make it more attractive and make a few friends by dropping the price to 81K. I don't make as much money, but I assumed that building relationships were better than a few extra bucks in my pocket...

If you disagree with my numbers, that's fine. Let's have a real conversation. Show me what you came up with and why. We can compare notes and hopefully come to an agreement. I'm not perfect and maybe you know something I don't. 

@Brett St Clair  -- yes it has been. But the area is nice, fully occupied, priced well.  But you're right it has been sitting for a while.  

I sent you a PM

Sam did you look at the presentation? 

Hello Wisconsin Cash Buyers,

***** Here's a outstanding opportunity to round off the year! ***** 

Fantastic, Fully Occupied 2/1 , 2/1 Duplex in Kenosha, WI. 

ARV: 121K

No Repairs needed. Newer Roof, New Windows, Enclosed front porch, Appliances Included, Low overhead.

Ask: 81K 

Enjoy the built in cash flow or turn it over for a quick flip.

------>  CLICK HERE FOR COMPLETE DETAILS ABOUT THE PROPERTY <------

PS. If the numbers work for you, can you please do a drive by of the property first? Then we can get you inside. (I want to be respectful to the tenants and only bring in serious buyers). Thank you in advance :)

All the best,

-CJ

this is great.  What other cities are you thinking about doing? I don't know much about Philly area.  

Hello BP,

I'm a wholesaler with several properties under contract in Milwaukee and Beloit WI. 

I'm looking to build relationships with cash buyers in these areas.  I'm originally from Milwaukee so I have extensive knowledge of the area. 

Please contact me if you'd like me to add you to our buyer's list and send you great deals throughout the state.

Thank you

CJ Ramos

hi Chris. 

Just do a joint venture or co-wholesale agreement with them.  This way you have it in writing. And split the profits.  

Is that what you were thinking?

-CJ

hi Nicholas

Can I add you to my buyers list?