All Forum Posts by: Gus Van dender

Asking price: $2.7 mil - $80,000 NET annual - 8 years of financial available for review

Great opportunity for a buy and hold investor. Here's a few highlights:

- condos are owned by an LLC. The new owner will be buying the LLC and will be able to cary the low tax base. ($15,000 a year in tax benefits)

- the new owner will be able to take over the seat on the HOA board from the current owner. This will give the new owner a lot of control over important decisions affecting his/her properties. It also allows them to get first dibs on new NOD's or motivated sellers within the HOA.

- the HOA has $1.2 mil in the bank and most of the renovations have been finalized. They HOA fees are scheduled to go down by $100 per month, which will make the tenants happy.

- all condos are first floor units. So a lot more desirable.

- the tenant retention is very high. Hispanic community.

- the rents are currently below average so there is room to up those a bit.

I'd be happy to send you more information. 

We (MG Capital Group) have secured a property in Laguna Beach, CA.

We are looking for an interested private investor who can fund construction and rehab. We are looking for a $450k-$500K investment in the project. 

Because of the strict rules in Laguna Beach in regards to construction we are estimating the project to take about 24 months max, most likely shorter.

We are expecting to be able to pay out a $300k profit share when the property sells. 

Principal and interest will be recorded agains the property. We can't record a lien against the property so a Hard Money loan is out of the question. 

Looking forward to speaking with you if you are interested to fund this (or part) of this opportunity.

ok. I signed up, so how do I get the leads for Southern California?

Hey Jackie, on your website you sell training, not leads, I'm confused.

Thank you guys!!!  ( and Shannon :-) )

Thank you for the moral support. It's not always easy but I know hard work always pays off.

This has been an amazing journey. 

I've learned a ton since I started two months ago and I'm glad I approached it the way I did. I'm still very actively pursuing wholesaling but I have also started looking into JV's for fix and flips. When the right deal comes along with the right partner, I may jump right into it.

I'm on track to reach most of the goals I set, all the ones I can really control, except for maybe the most important one and that's closing deals. 

I haven't closed a deal just yet but I've gotten really close. Had one property under contract but it turned out to be a bad one so I got out. 

I have made some really strong relationships with real estate agents, a great escrow officer, two title companies, hard money lenders, a probate lawyer, other wholesalers, investors and am very active in two of the larger investor groups in Southern California.

I'm getting consistent good leads, get to speak with a few property owners every week, I'm sending out offers, it's all good.

Thanks for reaching out guys. I posted this because I knew it would drive me to work even harder. 

Development firm is seeking an additional $1,350,000 of capital to acquire an undervalued property located in a quaint residential neighborhood in Hollywood Hills, CA, which is fully entitled and approved to develop four lots on which to build four 3-story, 3-bedroom homes, approximating 2,100 square feet each. To be finished in the fall of 2017.

Total cost of the project is estimated to be: $3,801,761

Net Sales Revenue is estimated to be: $5,320,000

Net profit is estimated at: $1,518,239 to be distributed pro rata between investors.

please send your request for more information to: [email protected]

10 Condo investment opportunity available in Santa Ana. Total asking price $2.5 mil. 

33 buildings in the HOA, a total of 256 condos.

Similar Condo in the HOA is currently listed for $297,000.

2nd qtr 2016 NOI: $23,800

Properties in the HOA have all been rehabbed. 6 year project. Outside paint is scheduled to be finished within the next 6 months.

Two parking lots will be added in the next 6 months.

HOA is well funded. Has $1.2mil in reserves. HOA fees are scheduled to drop by $100 per month.

HOA was granted FHA approval 3 months ago.

All 10 condos are owned by a 3 partner LLC. LLC is for sale so it the new owner will benefit from the low Tax Basis.

New owner will be offered a seat on the board. As a board member you have visibility on upcoming properties for sale (NOD’s and foreclosures)

HOA is willing to assign the unused, 7,000sqft, single story Club House to whomever wants to rehab it. Renovation would cost $40-$50k 

Rent roll, P&L and CMA available.

Contact me by email if you'd like to find out more.

[email protected]

what's your email addresses William, Jim?

Mine is [email protected]. I will send you the addresses of the properties so you can do your due diligence.

maybe it would help to mention the cities they're in.

Indianapolis, IN

Terre Haute, IN

West Palm Beach, FL

Holiday, FL

Scottsdale, AZ

Cottonwood, AZ