All Forum Posts by: Daniel Weed

This post was a total farce/misrepresentation on it's face.

-assuming 1900/mo less $760/mo P&I=$1140/mo=$13,680....

Before tax and insurance, vacancies, repairs, capex. etc....an Easy $400/mo=$9280 NOI (10%)

More troubling, a P&I payment on the original $290-300k mtg, at 4% even, is over $1400/mo.

If there is a $697.51 P&I monthly payment, this Obviously due to some Loan Modification which is temporary, and obviously not disclosed.

Total Bush League.

Got this one funded. I have 4 more properties that I just tied up with similar numbers for those that are looking to invest in a project.

********! Join my MAILING LIST !**********! Join my MAILING LIST !*************

Newly updated 3 Bd/1Bath brick cape is move in ready! All appliances included. New carpet through out. Kitchen includes oak cabinets, new stove and refrigerator, counter top and faucet with white tile back splash. 1st floor full bath has been freshly updated. Other updates include a beautiful new front door, a new hot water tank and a newer garage roof. This home is move-in-ready - BUY IT today!

Assuming 4.5% interest, 30 year mortgage & a 25% down payment.

• Down payment $ 13,500.00
• Up Front costs $ 1,000.00
• Estimated Yearly Rents $ 11,400.00
• Estimated Yearly Expenses $ 5,700.00
• Yearly Debt service $ 2,462.49
• Net cash flow after expenses & debt service $3,237.51

CASH ON CASH RETURN 22.3 %

MLS Link

Currently rented at $850 (plus $100 towards water and sewer), with a lease ending in August 2018. Professional property management available. Newer roof (2010), furnace and electrical panel (2015). Do not disturb tenants, no interior showings until offer contingent upon inspection is received. Interior POS violations completed.

Hey all. I always have properties with not less the 11% net caps, in the better areas of Cleveland. Avg PP 58k. We do all rehab, pass all inspections, city and state, place tenants, etc, 100% hands off. Cash buyers only please. Feel free to reach out anytime, thanks 

I am assuming this is sold, as most jump all over about 15% net caps.  I do on avg 7 flips per month ( more then 450 overall )  in the Cleveland markets,  have clients from around the country , mostly Ca. I get deals like this weekly. If you need more feel free  to reach out,  thanks