All Forum Posts by: David Sicherman

1332 & 1336 E. Bowman St. South Bend, IN 46613 

Both are 2/1's have screened in porches and 3 season room, one has a bonus large finished attic.  Needs some cosmetic repairs, newer roofs, furnaces.

More info: 

http://jnsinvests.com/property/1332-e-bowman-st-so...

http://jnsinvests.com/property/1336-e-bowman-st-so...

I have already had decent cash offers, why in the world would I or anyone else want to find an investor for a LO?  Need to sell it for cash, but thanks for the negative comments. 

@Todd Lee  sure, you can buy it, that would help ;) 

Seriously what did you have in mind?

We can do files in Texas, just cost 2x more and it takes 3x longer.  

$24,994 - Priced at 50% of market value this cozy 2/1 has a large backyard complete with concrete underground storm shelter. A great neighborhood for families and tenants. Motivated seller, must sell fast so $24,994 cash or highest offer!

Property needs drywall work and flooring if a rehab is planned due to a large dog that chews, otherwise property has 10 year tenant paying $600/mo that will stay without needing anything fixed. THAT IS A 24% CAP RATE!

Property has one of the largest fenced in backyards in the area, includes concrete storm shelter.

Will not last at this price!

Realtors/Broker add your commission.
Do not disturb Tenant.

More info here:

http://jnsinvests.com/property/3534-w-41st-pl-tuls...

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Yep, signed a contract up in Tulsa OK, need an "assignable contract" friendly title company hopefully soon.  Have a national company but their charges are about 2x the national average and a pain to work with.  Would love a local company that know what an assignment is, and can issue title policy on a contract that is assigned which seems to be a growing rarity.

Any help appreciated!

You might be able to save some on the title searches if you had O&E reports done just to find liens or judgments on the properties you're thinking about bidding on instead of full title searches. Just always be sure to do your own Due diligence, and read over the supporting docs of the lien search, and ask questions if you don't understand something. Make sure you understand what exactly the scope of the search is, if they check for just liens & judgement or do they also check the tax status, federal tax lien search etc...

only from Seinfeld. 

Kramer!