All Forum Posts by: Foster Algier

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!

Lake Mirror Drive, NW, Winter Haven, FL 33881

INVESTMENT: $84,900

ARV: $160,000-165,000 +/-

Rent: $1,100/month +/-

Rehab: $35,000-40,000 +/-

3 Bedrooms 2 Bath

1,692 SqFt

Built: 1965

Construction: Block

HOA: $0/mo

Comps:

1840 15th St NW

1,380 SqFt 3/2 1956

SOLD $134,500 6/2016

1944 19th St NW

2,000 SqFt 3/3/2 1955

SOLD $188,000 2/2017

3/2 Block home in a quiet street, good sized living areas and an open layout. This home will need a cosmetic update and rehab that includes: kitchen, baths, flooring (wood/terrazzo/carpet through home), ceiling repairs, paint, trim. Possible minor reconfiguring of the bedrooms. The roof will need to be replaced as there is some visible damage in living room ceiling. A/C is older but present so you would need to look it over. Windows are original but in good shape. Electrical looks good. Outside paint, minor repairs, and a good landscaping would go a long way. There is an additional room right between home and utility room which is enclosed but not added to base living area but it could be converted in additional SqFt without much work increasing the living space to over 2,000 SqFt. There is also a good-sized utility room. Lots of space and nice possibilities to turn this back into a beautiful home.

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!

Hunter Place, Apopka, FL 32703

INVESTMENT: $218,000

ARV: $310,000 +/-

ARV Rehab: $40,000-50,000 +/-

5 Bedrooms 3 Bath 2 Car Garage

2,552 SqFt

Built: 1979

Construction: Block

HOA: $0/mo

Cookie cutter flip opportunity in the Wekiva Springs area of Seminole County! The majority of your big ticket items have been replaced recently, so all you need to focus on are making the cosmetics pop. Roof, Air Conditioning, Water Heater, and plumbing have all been updated in the last few years. The current owners also put an addition on the home with permits but ran out of money to finish it properly.

The house has a little bit of a weird layout, but nothing that can't be remedied relatively easily. They started putting up some walls in the garage that need to be demo'd to make garage functional again as a garage. The master bed/bath need to be completely updated, as will the other 2 baths. You will need to open up the kitchen and replace cabinets/counters/appliances. Good news is the sellers already bought new cabinets and appliances but were unable to install. These items will convey with sale. Finally, you need to replace most flooring, paint, landscape, and a few other odds and ends.

Since this is the largest home in the area by almost 700 sf, it is a little tougher to comp. We are well under the average pp/sf's for sold houses in the neighborhood. Not one of the houses that sold in the last year in this neighborhood were rehabbed and everyone of them sold in less than 20 days. Sky is the limit on this one! Values on a really nice rehab could possibly be even higher. House is show by appointment only so please do not bother owners.

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/

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!

Hillman Avenue, Maitland, FL 32751

INVESTMENT: $310,000

ARV: $499,000 +/-

ARV Rehab: $80,000 +/-

4 Bedrooms 3 Bath

2,720 SqFt

Built: 1969 (2,000 SqFt added in 2008)

Construction: Block

HOA: $0/mo

Take a long hard look at this awesome opportunity a block from Lake Sybelia with deeded Lake access. House currently sits on 0.44 acres of land with a newer tile roof, 4-ton AC, plumbing, electrical, and double pane windows. Additionally, the home has solar panels providing a 60% reduction on the cost of electric. In 2008, over 2,000 SqFt was added to this home, basically making this a newer built property.

The catch to getting this house so cheap is that it doesn't have a garage or pool, where almost all of the surrounding comps do. You could build a nice 2 car garage with an apartment above and if you do a really nice rehab inside, you could get away with not having a pool. The house already has a good layout and vaulted ceilings, but will need modern updating to get top dollar.

Comps in the area that are not on the water average is $189/SqFt, with a high of $209/SqFt. If you add additional square footage above garage, your ARV will almost certainly be higher. Five of the seven comps sold in less than 30 days which indicates this area is primed and ready for a nice house like this to hit the retail market. Property is occupied so please call 407-668-4396 to schedule 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

Why make your own mistakes, when you can learn from someone else's? - Start off right!

Click here for more info!

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!

Lake of the Woods Blvd., Unit 204B, Fern Park, FL 32730

INVESTMENT: $59,900

Market Rent: $750-900/month +/-

Rehab: $1,000-3,000 +/-

2 Bedrooms 1 Bath

885 SqFt

Built: 1969

Construction: Block

HOA: $312/mo

Nearly turn-key condo with tenant in place in the Casselberry area! Tenant is currently paying $750/month on a lease through November 2017. She is open to staying, but willing to leave as well. It is at the buyer's discretion.

Condo is in good shape, but the shower is leaking and needs addressed. Also, a couple screens are missing from the patio. Finally, the kitchen cabinets could use updating. Otherwise, this condo currently appears to be in good condition.

Rental comps show that getting $850-900/month here is very reasonable. Condo is definitely undervalued for the subdivision. At a purchase price of under $60K, this makes a great long-term rental!

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

More buyers snap up homes before possible interest rate increase

Buyers continue to gobble up Florida’s declining single-family home inventory.

Here in Orlando, sales of single-family homes increased by 10.6 percent, going higher than the statewide average. Condo sales increased 18.4 percent, as previously reported by Orlando Business Journal.

Sales of single-family homes statewide totaled 25,921 last month. Of that amount, 2,707 were in Orlando.

Florida Realtors President Maria Wells attributes the strong sales to higher demand and motivated buyers taking action before interest rates can rise higher. The interest rate for a 30-year fixed-rate mortgage averaged 4.2 percent in March 2017, up from 3.69 percent a year ago, according to Freddie Mac.

The statewide median sales price for single-family existing homes last month was $231,900, up 10.4 percent from the previous year, according to the Florida Realtors.

Orlando’s overall median home price is $217,000, 11.3 percent above the March 2016 median price of $195,000, about $15,000 below the national average.

Click here for article.

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!

Lodge Pole Trail, Winter Park, FL 32792

INVESTMENT: $289,000

Please visit our website for more photos: http://www.facsold.com/show_listing_details.php?prop_id=36346

ARV: $415,000 +/-

Market Rent: $1,800-2,200/month

ARV Rehab: $30-40K +/-

Rent Rehab: $10K +/-

4 Bedrooms 3 Bath 2 Car Garage

2,982 SqFt

Built: 1972

Construction: Block

HOA: $100/yr

This is the least expensive price per square foot for a single family home in this area. In fact, you will not find any single family homes available for under $100/SqFt in the entire zip code, much less a pool home.

Here's an amazing opportunity to flip a pool home with nearly 3,000 SqFt in highly sought after Winter Park. This home is in the Arrowhead Cove subdivision and is zoned for the best schools in the area (Lakemont Elementary, Maitland Middle and Winter Park High). It's got lots of room, an open floor plan, stainless steel appliances, and a HUGE fenced yard with an in ground swimming pool perfect for entertaining. We are offering this home at less than $99/SqFt and it's got an ARV of around $140/SqFt, maybe more. Check out the comps in the immediate area and you won't be disappointed.

To Flip: Needs a roof, interior paint, flooring, kitchen update, landscaping, and yard/deck/pool cleanup: $30-40K +/-.

To Rent: Roof replacement: $10K +/-.

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/

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!

Lake Harris Drive, Lakeland, FL 33813

INVESTMENT: $250,000

Please visit our website for more photos: http://www.facsold.com/show_listing_details.php?prop_id=36342#photoDetails

ARV: $310,000-320,000 +/-

ARV Rehab: None-Light

3 Bedrooms 2 Bath

2,002 SqFt

Built: 1999

Construction: Block

HOA: $400/yr

This Lakefront property is in excellent condition with a dock, granite counter tops, and tile flooring. It is located in the gated community of Scott Lake West. This is perfect for any investor or buyer looking for a very quick turn-around or move-In ready property.

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/

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!

Vine Lane, Lakeland, FL 33801

INVESTMENT: $115,000

Please visit our website for more photos: http://www.facsold.com/show_listing_details.php?prop_id=36334#photoDetails

ARV: $107,000 +/- Each

Rental Income: $3,578 +/- month

ARV Rehab: $30,000 +/- Each

3 Properties...each with 2 Bedrooms 1 Bath

936 / 984 / 1,067 SqFt

Built: 1955, 1958, 1966

Construction: Block

HOA: $0

These properties are located in an established neighborhood steps away from Lake Parker. This package deal of 3 properties is priced at $38333.33/each, making these homes the 3rd cheapest per door. Approximate ROI – 31% or $101,600 profit as package for flip. Buy & hold cash flow of $3,578 monthly. All three properties are solid block, 2/1 homes with the potential to easily be converted to 3/1's. The homes have large fenced in yards. These properties will need complete renovations including a new roof, new AC, new flooring, ceiling knockdown, baseboard, interior & exterior paint, new windows, kitchens, and new bathrooms. Adding a bedroom will increase rental income and ARV. All three are convenient to major roadways for an easy commute.

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

Business is looking up! Are you poised to take advantage of the growth coming our way?!!

Survey: Small biz owners excited about the future

Business owners' optimism about the U.S. economy and the outlook for their own businesses has reached levels never-before seen in the 15-year history of the PNC Economic Outlook, a biannual telephone survey of small- and medium-sized business owners.

A strong majority of small business owners (88 percent) surveyed are optimistic about the near-term outlook for the national economy, up from 71 percent in the fall and 56 percent last spring. An even higher percentage (89 percent) are optimistic about their local economy, up from 77 percent in the fall of 2016.

"The hope we noted in the fall survey, has, for many, turned into enthusiasm and is consistent with other indicators of improved confidence," says Gus Faucher, chief economist of The PNC Financial Services Group. "It remains to be seen, however, if this increase in optimism will convert into improvement in real economic activity."

Click here to read full article...