All Forum Posts by: Jason Richardson

We have a nice 2 Bed / 1 Bath home, which includes a new over-sized 1-Car detached garage. This is a great opportunity for a first time home buyer or investor. It can be rent-ready, very quickly, with just a few minor repairs. This property is located in a neighborhood that is seeing increased home values, and is close to downtown and shopping.

Here are the estimated numbers, as a cash-flow property:

Monthly Income - $650
Yearly Gross Income - $7,800
Yearly Taxes - $1000
Yearly Insurance - $600
Yearly Management/Maintenance Fees - $1,430
Vacancy (8%) - $650
Yearly NOI - $4,120.26
Rehab Cost - $1,000
Closing Cost - $1000

All-In Cost - $35,000 (includes repair)

FOR ONLY - $33,000

This deal won't last long. Contact us now!

Property Code: 1718CSB

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). We cannot guarantee the estimates shown above, as these are based on our due diligence. We recommend all buyers do their own due diligence prior to purchase. 

Please visit our website for additional photos at: www.lupainvestments.us

We have a nice 2 Bed / 1 Bath home with great potential! This is a great opportunity for a first time home buyer or investor. Some work has already been completed on this property, saving you time and money to get this cash-flowing quickly. This property is located in a neighborhood that has stable home values, and is close to downtown and shopping.

Here are the estimated numbers, as a cash-flow property:

Monthly Income - $600
Yearly Gross Income - $7,200
Yearly Taxes - $1000
Yearly Insurance - $600
Yearly Management/Maintenance Fees - $1,320
Vacancy (8%) - $600
Yearly NOI - $3,680.24
Rehab Cost - $2,500
Closing Cost - $1000

All-In Cost - $29,500 (includes rehab)

FOR ONLY - $26,000

This deal won't last long. Contact us now!

Property Code: 1405FSB

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). We cannot guarantee the estimates shown above, as these are based on our due diligence. We recommend all buyers do their own due diligence prior to purchase.

Please visit our website for additional photos at:  www.lupainvestments.us

This house does need some TLC, but for the price you can't beat it!

It is a 3 Bed / 1 Bath home with great potential! This is a great opportunity for a first time home buyer or investor. Property has attic space which can be finished for an additional bedroom (with addition of heating/cooling ducts). There is potential for an added 2nd bathroom.

730 N Cleveland Ave, South Bend, IN 46628

The following, below, are estimates:

Monthly Income - $650
Yearly Gross Income - $7,800
Yearly Taxes - $1000
Yearly Insurance - $600
Yearly Management/Maintenance Fees - $1,430
Vacancy (8%) - $650
Yearly NOI - $4,120.26
Rehab Cost - $4,000
Closing Cost - $1000

All-In Cost - $26,900 (includes rehab)
ARV - $42,000

FOR ONLY - $21,900

This deal won't last long. Contact us now!

Property Code: 730NCSB

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). We cannot guarantee the estimates shown above, as these are based on our due diligence. We recommend all buyers do their own due diligence prior to purchase.

Originally posted by @Homa Teramu:

Hi Jason,

If the property is still available can you please send me more info [email protected]

Thanks

Thanks

Will do. Thanks for your interest!

7 Bed / 7 Bath / Multi-Family / 4656 SqFt

Elkhart, IN

We have a great investment opportunity here, which needs moderate work, but will provide an excellent return on your investment. Property is a full two stories tall, large porch on the front, rear apartment access for both floors, and a detached 4-Car garage. It has a full-sized basement (block wall), and the foundation is structurally sound. There is some fire damage in a few rooms, but can be easily fixed/replaced and doesn't affect any major structural supports. Roof is sound with no visible leaks. This property is located in a neighborhood that has been seeing a consistent rise in values, and is close to downtown and amenities.

Here are the estimated numbers, as a cash-flow property:

Monthly Income - $5300

Yearly Gross Income - $63,600

Yearly Taxes - $2000

Yearly Insurance - $2000

Yearly Management Fee & Maintenance Cost - $11,660

8% Vacancy - $5298

Yearly NOI - $43,142.12

Est. Rehab Cost - $200,000

Est. Closing Cost - $1000

All-In Cost - $236,000 (including rehab)

ARV - $300,000+

FOR ONLY - $35,000

This deal won't last long. Contact us now!

Property Code: 913SME

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). We cannot guarantee the returns shown above, as these are estimates based on our due diligence. We recommend all buyers do their own due diligence prior to purchase.

We have a beauty here, which needs some work, but will provide an excellent return on your investment. This property is structurally sound. Roof needs repair in one location, but it is advised it needs a replacement in the near future. This house includes a large living room, formal dining room, 2 bedrooms and 1 full bath upstairs, kitchen and full basement. A 3rd bedroom can possibly be added in basement with addition of an egress window. Property is currently lived in, and is in decent condition inside. This property is located in a neighborhood that has been seeing a consistent rise in values, and is close to downtown.

Here are the estimated numbers, as a cash-flow property:

(All numbers below calculated with full roof replacement cost)

Our Price - $18900

Est. Monthly Income - $600

Yearly Income - $7200

Yearly Taxes - $800

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1320

8% Vacancy - $700

Yearly NOI - $3880.24

Est. Rehab Cost - $7000 (includes inside ceiling repair)

Est. Closing Cost - $1000

All-In Cost - $26900

Est. ROI - 14.4%

Property Code: 1049DSB

Professional management and rehab services are available, and optional. Serious cash buyer inquiries only please. Buyer pays their side of closing costs (included in above estimate). We cannot guarantee the returns shown above, as these are estimates based on our own due diligence. We recommend all buyers do their own due diligence prior to purchase. Please visit our website (below, in signature line) to see additional photos for this, and other properties we have.

Thanks Sarah, as you know I have responded. Thanks for your inquiry!

Hello Bigger Pockets Family,

We have small and large packages available, which could either be bought as a package or individually. Property locations include South Bend, IN (and surrounding areas), Gary, IN (and surrounding areas), and Detroit, MI (Metro). Individually, or as a package, ROI range can be as low as 10% and as high as 26% (or higher). Some properties are turnkey and cash-flowing, and some may be vacant and needing repair (ROI's advertised are Net, including rehab cost).

Property management and rehab services are available.

Please contact me with your interest (call, text, message me here or email). If calling, and you get my voicemail, please leave a message. I may be on an appointment, but will call as soon as I'm free. Thanks much!

Look forward to speaking with you!

Jason Richardson

Contact info (below)

5 Bed / 1.5 Bath / 1402 SqFt / 4352 SqFt Lot / Built 1905

We have a very affordable property, which needs TLC, but will provide an excellent return on your investment. This property is structurally sound with a good roof (needs light repair where cut down trees were rubbing against gutter/fascia/roof line). This house includes a large living room, sitting room, formal dining room, 4 bedrooms and 1 full bath upstairs, 1 bedroom and half bath downstairs, kitchen and 3/4 basement. This property is located in an up-and-coming neighborhood, near Riley High School, Studebaker Park, a public library, shopping, entertainment and is close to downtown.

C Class Neighborhood

Here are the numbers, as a cash-flow property:

Our Price - $9900

Estimated Monthly Income - $700

Yearly Income (Includes 1mo Vacancy) - $7700

Yearly Taxes - $600

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1540

Yearly NOI - $4960.28

Estimated Rehab Cost - $15000

All-In Cost - $24900

Estimated ROI - 19.9%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Buyer pays their side of closing costs. We cannot guarantee the returns shown above, as these are estimates based on our own due diligence. We recommend all buyers do their own due diligence prior to purchase.

Only $25266 per unit!

Est. Triple Net Value - $142000

Contact us with your interest!