All Forum Posts by: Foster Algier

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Talbot Circle, Spring Hill, FL 34606

INVESTMENT: $75,000

ARV: $105-115,000 +/-

ARV Rehab: $25-30K +/-

Rent: $700-1,000/month +/-

Rent Rehab: $10-15K +/-

2 Bedrooms 2 Bath

1,652 SqFt

Built: 1971

Construction: Block

HOA: $0/mo

Off-Market Solid 2/2 (possible 3/2) block home on a big corner lot located right in front of Pioneer Park and walking distance to Hunters Lake. This property needs medium repairs, including minor wood damage, kitchen, and bath work/upgrades. Appliances might be salvageable for a rental. The garage door is needed. Roof, A/C, and electrical appear to be in fair condition. Windows are older but still there, some stucco and paint inside and out is needed. There are terrazzo floors though-out the house. Finally, some cleaning should get his house back in shape. ARV for a 2/2 in this area is around $105-115k but adding a 3rd bedroom would be recommended since this house has more than enough living space (1,652 Sqft) and the market is strong enough to support it.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

There is a lot of talk in the real estate sphere this week about Zillow's entry into the wholesale market with their Instant Offer program starting its trial run in Las Vegas & Orlando.

"The industry is up in arms about Zillow displacing agents and brokerages, but the data doesn't support it. Instant Offers is about giving consumers choice, expanding the existing lead marketplace and providing a new source of revenue with seller leads. Zillow is not well-positioned to make a big move against the industry. Its revenue is not diversified and there is a strong No. 2 on the market."

What are your thoughts??

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

20th Street, Orlando, FL 32805

INVESTMENT: $59,000

ARV: $100,000 +/-

Rent: $1,000-1,200/mo +/-

ARV Rehab: $20K +/-

3 Bedrooms 2 Bath

1,340 SqFt

Built: 1928

Construction: Frame

HOA: $0/yr

Comps

1339 30th Street

3/2 1,056 SqFt

SOLD $125,000 3/24/2017

625 19th Street

3/2 1,820 SqFt

SOLD $80,000 2/15/2017

944 20th Street

3/2 1,870 SqFt

SOLD $83,700 2/14/2017

Renovation was started but not completed on this home before owner was transferred for an out of state job. The interior rehab is mostly finished. Architectural engineering plans are completed, paid for and available, so permits can easily be obtained to do the roof, siding, and back porch, as well as updating the electrical, A/C, and upstairs area. Estimated to require another $20K investment to put this home in top flippable condition.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Beecher Street, Leesburg, FL 34748

INVESTMENT: $48,500

Please visit our website for more photos: http://www.facsold.com/show_listing_details.php?prop_id=36441#photoDetails

ARV: $75,000 +/-

Rent: $2,000/mo +/-

ARV Rehab: $10K +/-

4 Bedrooms 1 Bath

975 SqFt

Built: 1979

Construction: Block

HOA: $0/yr

This house was originally built as a 2/1 but was converted into a 4/1 and is currently occupied with renters paying $500+ per room per month. The common areas of this home were reduced significantly in size to create the additional rooms that were added in. Currently bringing in more than $2,000 a month in rents. The roof will need to be fixed, electrical is updated, kitchen and bathrooms are outdated but functional, central A/C needs to be repaired or replaced, but the house is running on wall/window units. Tenants would like to stay and are current on payments. Please do not disturb the tenants...call 407-668-4396 to schedule a viewing!

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Seville Place, Orlando, FL 32804

INVESTMENT: $330,000

ARV: $500,000-550,000 +/-

ARV Rehab: $50-70K +/-

4 Bedrooms 2.5 Bath

2,458 SqFt

Built: 1940

Construction: Frame

HOA: $0/yr

In a neighborhood where people are paying $260K for land, this 2,458 SqFt home in a very nice part of College Park on .37 acres of land is a fantastic opportunity. To keep the property as is and rehab, you could move some walls around to improve the layout. That's why there is such a high rehab number on it...to allow for cosmetic updating, but also to make the house flow a little better.

There is also the option of a complete tear-down and rebuild. College Park is known for its million dollar plus homes within a stone's throw of this home. This home is on a large corner lot, so there is the possibility that it could be split and rebuilt/sold as two individual properties. It will all come down to the minimum the city will allow and the setbacks, due to the fact it is a corner lot.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Hammock Pointe Circle, Clermont, FL 34711

INVESTMENT: $285,000

ARV: $350,000 +/-

ARV Rehab: $10K +/-

4 Bedrooms 4 Bath 3 Car Garage

3,174 SqFt

Built: 2011

Construction: Block

HOA: $880/yr

Beautiful, newer built home that is super, super clean. Built in 2011, this home still has the original 2" faux wood blinds up. Rehab is light...will only need refreshed paint, cleaned carpet, and a new refrigerator to bring this house to sellable condition. You'll be hard pressed to find an easier flip in this market. Comps speak for themselves as well. Call us at 407-668-4396 to schedule a viewing.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

Thank you so much to all the potential students who've been emailing me! Looks like we'll have a full classroom for the summer - still have 5 slots open, so reach out before they're gone!

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Virginia Avenue, Auburndale, FL 33823

INVESTMENT: $39,000

ARV: $49,000 +/-

Rehab: $0K +/-

Rental Income: $550/month +/-

Rental Rehab: $0K +/-

2 Bedrooms 1 Bath

628 SqFt

Built: 1947

Construction: Frame

HOA: $0/yr

This newly-refurbished 2/1 in a quiet, safe community with a relatively large, 8,276 SqFt yard is currently rented for $550.00/month. Rental rates are significantly higher in the area.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Bright Meadow Drive, Lake Mary, FL 32746

INVESTMENT: $210,000

ARV: $290,000 +/-

Rehab: $20-30K +/-

4 Bedrooms 2 Bath 2 Car Garage

1,777 SqFt

Built: 1987

Construction: Frame

HOA: $360/yr

Lake Mary is by far one of the easiest areas to get full retail on a nicely rehabbed home. This is the lowest priced home of the 21 homes in Hills of Lake Mary to go on the market within the last year. This house is a 4/2/2 with pool, which is what the majority of end buyers seek.

Minor cosmetic refreshing is all that is needed to rehab the interior. Clean up the grout in tile, paint in and out, replace some vanities in bathrooms, and refresh the kitchen. None of the comps were over-the-top rehabs and they all sold within 90 days, with a couple of comps selling in under 10 days. This house is shown by appointment only...please call 407-668-4396 for a showing.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

also check out on the tab Coaching once on the website.

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Janet Lane, Lakeland, FL 33809

INVESTMENT: $55,900

ARV: $85,000 +/-

Market Rent: $950-1,000/mo +/-

Rental Rehab: $3-5K +/-

3 Bedrooms 2 Bath

1,695 SqFt

Built: 1995

Construction: Modular Home

HOA: $32/mo

Take a look at this nice mobile home. It has an open floorpan with plenty of space. Needs a good clean up with minor cosmetics and paint. Kitchen appears to be in good shape, just needs appliances. Baths also seem to in good condition, just minor cosmetics. Floors are a mix of carpet, which can be cleaned, and tile/linoleum. Other than minor cosmetics and paint, it should be a light rehab to get ready for rent or possible resale. Outside a/c unit is older, needs to be checked, roof is older, but still holding up, no leaks apparent. The deck leading to front door and trim on the outside need a bit of repair. Overall this modular home is in decent shape.

It's in a quiet neighborhood, very close to shopping, schools, and major highways. Located in a small mobile park, with some amenities, but no lot rents. It's a 55+ community, but does not seem enforced. Great opportunity to cash flow with some equity in place.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services