All Forum Posts by: James Watts

Samuel Yi, I will also send you photos and the inspections if your're interested. Thanks for the response. contact me for anything [email protected]

Hi Christian, I have the fourplex in Battle Creek, MI. I'll send you some photos. What else do you want to know? I also have a professional inspection on each one of the units. If you're serious about the property I'll send it to you.

You wrote to  me to "PM you" but I'm sorry I'm not sure how to  do that. Hopefully I'm doing it right now. Let me know if  you get this. Call me or email if you have more questions:  [email protected].

Jim Watts

Turnkey brick fourplex. No improvements needed. Professional inspection reports on each unit available. Trulia green low crime area. Perfect BRRRRR property. Property values are rising. Capital Expenditures Already done: Exterior paint 2017, Rebuilt back deck 2017, fixed most of faults found in inspection 2017, roof 2015, windows & exterior doors 2010, 4 bathroom remodels (all new fixtures) 2015, new interior paint & flooring 2015, 4 new furnaces 2010, hot water heater 2010. Individual gas & electric meters 2010. Renters pay gas, electric. Owner pays water, sewer, trash.

Compare the numbers with any other property on this site!!!!

Mortgage: $536 (finance 100% of 99,900 using BRRR @ 5% X 30 years = $536/mo)

Tax:                        167

Insurance              129

Property Mgr        203

Water / Sewer       80  

Trash                       109

Gas                 tenant

Electric            tenant

Yard/ Snow             80

Repairs                   102

Vacancy                   102

Return on Investment    517             517 X 12 = 8229;      8229/20,000 = 41% cash on cash return; Pay back 20,000                                                                                  down payment in 2 1/2 years, then begin setting aside 10%/ mo again for                                                                             future  Capital expenditures.

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Total                       2025                  Rents currently equal 2025; rents in 2 units can be raised at end of 2017. Other value adds include possible basement storage units, possible basement laundry unit. More information @[email protected].

Jim Watts

Turnkey fourplex in Trulia green area. All major components and systems have been changed out or upgraded in the last 8 years: roof, exterior paint, decks, exterior doors & windows, bathroom fixtures, interior paint & flooring.

Turnkey type property manager in place to provide hassle-free investment income.

Compare the numbers: no other property on this site provides this amount of hassle free income for the price.

I'm interested in your Michigan and California properties. Send to:      [email protected]

Thanks,

James Watts

Please add me to your list:    [email protected]

Here's the link:

http://app.rehabvaluator.com/e2jUjg0b184A-H

Jim Watts

208-559-2540

Battle Creek, Michigan- cereal capital of the world!

Mark,

I second @Jason Weible's sentiments. I sent you a link to a great cashflowing fourplex I have for sale and appreciate that you took a look at it. Hope we find business to do together in the future.

Jim Watts

208-559-2540

Hi Krista,

I don't want to discourage you but I have a little different perspective on your situation. Look back at yourself from the perspective of the investor you're going to ask to go into a joint venture with on your first investment property.

what does that person want to see? They will want to see that you have mastered the numbers to evaluate investment properties. they will want to see that you have a lot of practice applying those numbers to actual properties. They will want to see that you have a basic, stable life situation for you and your child- probably meaning a stable job, a stable place to live, and a stable car that gets you to and from. They want to see that you have your priorities in order, meaning your child and family comes first before everything else and that if real estate investment is your calling, you're passionate about it- probably that the few hours of free time you (like any new parent) have each day, are spent developing excellence and experience and education around real estate investing, not in tv or the other trivial things that so many of us pursue each day.

So I would suggest you get stable income, then begin pursuing your real estate license, then educate yourself on investing and get all the experience you can. If you put yourself in the field and make yourself into an expert, someday you will find a great property, have confidence to put it under contract, and already know which investors you will present it to as a possible joint venture project. If you've done your homework in life and in investing, they will say yes to going into it with you.

Jim Watts