All Forum Posts by: Sherri D.

Hello Again,

I neglected to mention I already have one investor that I have worked with before invested. Given my proven track record of success with him he's invested again. If interested please contact me!

Thank you!

Sherri Duncanson

Hello!

I am seeking a private money loan for $265,000 to purchase and renovate a 6-unit apartment complex in Kalamazoo, MI. The purchase price is at an 18.1% cap rate with built in equity. With rehab and proper management I can increase the rent by 37% and the value by 57%. I am offering 8.75% straight interest/year on a 4-year loan regardless of prepayment. This yields the investor not only above current return on investment for most retirement portfolios but over $40,000 more in interest than a regular 4-year compounding interest loan would pay with the way the proposal is written. I have submitted an offer to purchase the property, and I also have a detailed business plan for this project complete with a profit & loss statement, cash flow statement and exit strategy for the investor which is available upon request. If interested please feel free to call or text (269) 377-3555 or e-mail [email protected]. Thank you for your consideration! Sherri Duncanson

Buildable, beautiful land for sale on Menominee Dr in Edgerton, WI worth $38,900, but is being sold for only $22,000!! The land is blocks from beautiful Lake Koshkonong and has electricity, municipal sewer, telephone and natural gas available. A private well will have to be dug which should only cost between $3-5,000, which is one reason for the significant price reduction. There are no building requirements or special assessments, property taxes are current. Land is .357 acres (15,500 square feet) located in a nice area where homes are worth over $275,000 on the same block. Blocks from the lake this land is also only 6 minutes from restaurants, grocery stores, etc. It's the perfect place to have peace, privacy and quiet, but still be close to town.

I have an excellent opportunity for a rehabber in Schoolcraft, MI! I am selling 421 E. Pine St, Schoolcraft, MI 49087 for only $75,000 with an After Repair Value of $149,100! Estimated repair costs are $25,000 in materials, perfect for the contractor who would do the work themselves. This leaves an approximate profit of $49,100! This is a 4br 2.5bth Single-Family residence on .45 acres (one of the bigger lots). My company finds deals like this and passes them off to rehabbers such as yourself. We usually pay most if not all closing costs as well. If interested please contact ASAP as this is a first come first serve situation as well!

Beautiful, wooded, .35 acres of land worth $38,900 on sale for just $24,000 on the corner of Indian Trail Road & Menominee Drive in Edgerton, WI! VERY motivated seller! There are no building requirements or special assessments, property taxes are current and electricity, natural gas, municipal sewer and telephone are available. A private well will have to be dug which should only cost between $3-5,000, which is one reason for the significant price reduction. It is located in a nice area where homes are worth anywhere between $125,000 to over $200,000 and even closer to $1 Mil when you get on the lakeshore so it is a nice neighborhood. This property is blocks from the lake, and only 6 minutes from restaurants, grocery stores, etc. It's the perfect place to have peace, privacy and quiet, but still be close to town. Interested contact ASAP!

I have an excellent opportunity for a rehabber in Schoolcraft, MI! I am selling 421 E. Pine St, Schoolcraft, MI 49087 for only $75,000 with an After Repair Value of $124,000! And that is conservative as this is a nice neighborhood, the average for this type of home in that area is $129,000. Estimated repair costs are $25,000 in materials, perfect for the contractor who would do the work themselves. This leaves an approximate profit of anywhere between $24,000-29,000! This is a 4br 2bth Single-Family residence on .45 acres (one of the bigger lots). My company finds deals like this and passes them off to rehabbers such as yourself. We usually pay most if not all closing costs as well. If interested please contact ASAP as this is a first come first serve situation as well!

Thank you Mark! From what I understand the seller stopped paying attention to the properties because he stopped doing his business for a while. Now he's starting his business back up again and just wants to get rid of the properties. I'm not sure how much he knows about the rent rolls and I don't think he has p&l statements. I might be able to put together projections based on current market value of rent in the area. He did say there were tenants and I'll ask him if he at least knows how many tenants he has and what his vacancy rate is/was when he was active in the business. But I get the feeling he won't know or won't really care to talk about it much. I think he wants this in his rear view mirror because of his current endeavors. I tried to put what little information I did know in the BiggerPockets calculators and realized just how much information I don't have. That's why I asked the question of how much info do I need because given my purpose of just wanting to flip it to a rental investor or rehabber, how deeply do I need to delve into the numbers? Thank you!

Hello, I am relatively knew to real estate investing and I've started out with wholesaling. Now I'm putting a deal together that has significant profit potential for any investor. There are 4 properties right next door to each other I'm looking to wholesale. The properties are 2 SFR, 1 apartment house (10BR, 4BTH) and an 1,800 square foot garage/warehouse all worth $788,000 on the low end. My question is, how much information do I need to market the deal? I'm trying to sell these properties for only $550,000. Even after repairs there is still over $100,000 of profit potential for anyone who buys them. Not to mention, even if that person wanted to keep them they are right in the middle of an up and coming development which would be very good for the long-term value and cash flow. I'd look into keeping the deal myself except as I said, I'm just starting out so a project of this magnitude for me to keep is beyond my comfort level. I know there will be other deals down the road I'll decide to keep. Any advice would be greatly appreciated!! Thank you!

I am selling Lots 6-8 in the Indian Heights subdivision in Edgerton, WI worth $38,900 for just $23,500 (price negotiable!). That's 60% of market value so a great savings! Lots are blocks way from beautiful Lake Koshkonong where homes have sold for $125,000 - $200,000+ or even more closer to the lake. No building requirements or special assessments, .357 acres (15,500 sq ft). Utilities available are electricity, municipal sewer, natural gas and telephone. Gravel road access. Property taxes current. If interested I would be happy to answer any questions! Please e-mail [email protected] or call (269) 377-3555. Thank you!

I have 4 vacant land buildable properties in Edgerton, WI worth $54,500 that I have under contract for $13,600. I am looking for EITHER an investor to help me purchase the lots for a 21% annualized return on investment (I have one sold already for 60% of market value) OR an investor that wants to buy the remaining 3 lots for $15,000 having at least a $20,000 profit potential!! If interested contact me at [email protected] or call (269) 377-3555. Need to close by Feb 1st or lose the lots to the county!!