All Forum Posts by: Garreton Smith

I'm currently working on a rehab project, and the existing layout isn’t functional. We're considering removing the current tub and installing a standing shower in the rental unit. However, I'm concerned that this change might limit our rental pool. This unit is the largest, with three bedrooms. Has anyone gone through a similar situation? What decisions did you make?

Hi, I’m looking to connect with an investor-friendly architect. I'm considering some mixed-use properties in the 19144 zip code, which is zoned CMX2.5. The buildings I’m looking at are shells, and I plan to convert them into fully residential units with no commercial spaces. If you’re familiar with the area and are interested in connecting, I would love to chat.

I have one going on in the Bronx if interested 

Hey guys, l

Looking to build a team in Albany, NY I have some projects coming up and looking for good subs. Some work permits will need to be pulled some work no permits. Let’s connect Info@ gssdevelopment.com 

I hope all is well!

Would you be interested in funding a BRRR for a property in Albany, NY my team at GSS Development Group currently has under contract?

We’re looking for investors to lendmoney at a 15% annual interest rate, paid at the end of the project (roughly 6 months).

This loan will be backed by a promissory note and a mortgage security document.

• Total Project Costs (Rehab + Purchase): $150,000
• ARV: $250,000
• Return: 15% Annual Return
• Project Timeline: 12 Month Max Term, with the option to repay sooner
• Refinancing 75-80% of ARV
• Lender take first position lien
• Minimum Investment: $30,000

(Really looking for one group or investor)

As an example of our track record with our flips, we recently completed the sale of this flip. We purchased it for $406,000 and successfully sold it at $625,000, easily paying back our private money lenders on this deal.
Private lenders or group no hard money!

 We can do it. I'll send you a PM let's connect

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $410,000
Cash invested: $100,000
Sale price: $625,000

Single family

What made you interested in investing in this type of deal?

We look for single family 1200-1500 sq ft that needs renovation

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hard Money

How did you add value to the deal?

Yes we gutted the entire building. Link attached

What was the outcome?

Flipped

Lessons learned? Challenges?

When listing a property make sure all details are accurate

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Agent and lender

Just an update on some of our projects. Bronx Flip complete 

Byron Ave Project numbers below 

Purchase $410,000

Rehab $100,000 

Sold $625,000

Flip Before and After