All Forum Posts by: Eric Tenenbaum

Great Location! Right in the city center. Good resale potential - No major repairs needed. This 3bed/2.5bath home is a new build (2006) with a big back yard! This would be a good deal for a fix and flip or a long term buy and hold rental.View Property Here!

We need $210K to purchase 14 Non-Performing Contract for Deeds - seller finance notes in which the lender, us, retains title to the property until the note is paid off. We were able to fund the Non-Performing mortgage note in FL on our own, but it is still available as well.

I will private message you and I can send you the dropbox link to the diligence and tape.

Our JV capital partner backed out at the last minute so we are looking for short-term gap funding, so that we can close this trade.

We currently have a deal under contract to purchase 15 NPNs in FL, MI, OH, AL, and MO. The due diligence and underwriting of this deal has already been done.

Amena Capital purchased over 100 NPNs last year and we have purchased over 30 this year as well.

Please contact me at 949-407-7553 or [email protected] to discuss this opportunity in greater detail.

Our JV capital partner backed out at the last minute so we are looking for an investor interested in double digit returns, secured by real estate.

We currently have a deal under contract to purchase 15 NPNs in FL, MI, OH, AL, and MO. The due diligence and underwriting of this deal has already been done.

Amena Capital purchased over 100 NPNs last year and we have purchased over 30 this year as well. 

Please contact me at 949-407-7553 or [email protected] to discuss this opportunity in greater detail.

I am a note investor and I have purchased notes in 21 states. Here is the breakdown by state: Ohio – 26 Indiana 10 Pennsylvania 9 Alabama 8 Wisconsin 7 Michigan 7 Illinois 6 North Carolina 5 Oklahoma 3 Mississippi 2 Minnesota 2 Texas, Georgia, Nebraska, South Carolina, Florida, New York, Tennessee, Louisiana, Minnesota and Missouri - 1 While notes are my businesses core competency, we have recently come across a funding source that wants to provide us with capital in the form of debt to purchase REOs only. Another contingency is they want us to narrow down our target markets to 2-3 states when using their funds. Keeping in mind that we'd prefer to use the capital on short term deals like rehab/flips, I'd like to know what your guys thoughts are on what states we should pick. Should we go with where we are more concentrated in our note business? Or should we pick states where opportunities for flips are more plentiful and lucrative? I live in California and we have never purchased an asset here, but I wouldn't be opposed to picking it as one of the 3 states. Although the acquisition costs are exceptionally high here and one of the biggest reasons we don't invest here in our note business. Interested to hear your guys thoughts. Thanks!

Is the property in Florida? And is the note performing?

You can learn by joint venturing with a more seasoned investor that has previous experience with working out notes.

1120 Northside Terrace

Asheboro, North Carolina 27703

Asking: $26,000

ARV: $65,000

Estimated Repairs: $20,000

2 Bed 1.0 Bath 860 sq ft., 14,374 sq ft. lot

Deal Info:

Fix and Flip ROI: 30%

Average Rent: $551 (RentOmeter)

Annualized Rental ROI: 14.37%

FIXER SPECIAL! Huge lot size that will provide a GREAT RETURN for a FLIPPER. House needs a little bit of work, but has a HIGH ARV relative to the asking price. This home is in a PRIME LOCATION and the average list price for the 27703 ZIP code $109,482 according to truilia.com. Property was built in 1935 and needs a little work, but a savvy rehabber will make a pretty penny on this deal!

If you are interested in this property please email me at [email protected] or give me a call at 714-588-0860

1007 Wilson Place, High Point, North Carolina 27262

Asking: $40,000

ARV: $95,000

Estimated Repairs: $20,000

3 Bed 2.0 Bath 1188 sq ft.,5,227 sq ft. lot

Deal Info:

Estimated Fix and Flip ROI: 46%

Estimated Average Rent: $580 (RentOmeter)

Estimated Annualized Rental ROI: 11.6%

GREAT HOME in High Point, North Carolina that will provide a HIGH RETURN for an experienced investor. Property needs a little TLC, but has an ARV of close to $100K. This is a newer home, that was built in 2006. We will consider selling this property and the Asheboro property ($26K) together for $60K. 

If you are interested in this property, email at [email protected] or give me a call at 714-588-0860