All Forum Posts by: Jason Richardson

6 Bed / 3 Bath / 2592 SqFt / 12160 SqFt Lot / No Garage / Built 1900

This 3 apartment multi-family home has great potential for a savvy investor. This beauty is rough around the edges, but with some TLC will prove herself to be quite a profitable investment. She sits in a stable, and improving, up-and-coming neighborhood, near a new technology park, schools, shopping, entertainment and is close to downtown. Get in on this deal before she's gone!

C Class Neighborhood

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

Our Price - $42900

Estimated Monthly Income - $1800

Yearly Income (Includes 1mo Vacancy) - $19800

Yearly Taxes - $704

Yearly Insurance - $800

Yearly Management Fee & Maintenance Cost - $3960

Yearly NOI - $14336.72

Estimated Rehab Cost - $32900

All-In Cost - $75800

Estimated ROI - 18.9%

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. Please visit our website, below, for additional photos.

3 Bed / 1 Bath / 1748 SqFt / 4636 SqFt Lot / No Garage / Shed / Built 1920

We have another great, affordable, property which needs very minimal work which will provide an excellent return on your investment. This property is overall in excellent condition. Furnace and water heater newer and intact. Appliances included. This house includes a large living room, updated kitchen, off-kitchen dining room and full basement. This property is located in an up-and-coming neighborhood, near a new technology park, schools, shopping, entertainment and is close to downtown.

C Class Neighborhood

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

Our Price - $41000

Estimated Monthly Income - $725

Yearly Income (Includes 1mo Vacancy) - $7975

Yearly Taxes - $764

Yearly Insurance - $600

Yearly Management Fee & Maintenance Cost - $1596

Yearly NOI - $5016.29

Estimated Rehab Cost - $500

All-In Cost - $41500

Estimated ROI - 12.1%

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.

1817 S William St, South Bend, IN 46613 3 Bed / 1 Bath / 1802 SqFt / 5390 SqFt Lot / No Garage / Shed / Built 1915 We have a great, affordable, rental property which needs minimal work that will provide an excellent return on your investment. Furnace is newer and intact. Appliances included. This house includes a very large living room, an upstairs office area and off-kitchen dining room. This property is located in an up-and-coming neighborhood, near a new technology park, schools, shopping, entertainment and is close to downtown.

C Class Neighborhood

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

Our Price - $27900

Estimated Monthly Income - $700

Yearly Income (Includes 1mo Vacancy) - $7700

Yearly Taxes - $950

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1540

Yearly NOI - $4610.28

Estimated Rehab Cost - $1500

All-In Cost - $29400

Estimated ROI - 15.7%

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.

Hello fellow BP members, thank you for stopping by!

We have discounted properties, at below-market value, which can either be bought for cash or terms for a fair price. Whether you are a savvy property investor, a first time home buyer or someone who wants to buy a home who can't get traditional funding due to bad credit or no credit, we can help! We cater to your specific needs. 

If you've never thought about investing in Northern Indiana, we have one of the best income-to-cost ratios in the nation on cash-flow property investments. This makes this area great for investors who live in a location with a high-cost to invest. In many cases, depending on your location, you could possibly purchase a few investment properties here for the price of one in your city. Something to keep in mind when deciding where to invest.

If you are an investor, we can also provide in-house rehab and property management services for long-term hold cash-flow properties. This allows investors to take a hands-off approach to investing, without dealing with the headaches of finding qualified tenants, rent collection, tenant issues, and evictions (if necessary). We provide full-service for anything from Single Family homes to smaller Multi-Family, and larger Apartment Buildings for cash-flow investments. We also cater to retail rehab & flip investments for investors who prefer to make their money flipping. Finally, we work with local, out of area and international buyers. Let us find you your next profitable investment!

If you fit the description above, and would like to know how we can help you, please reply via private message with your contact info and we will contact you via phone or BP message to discuss how we can help you find a property that fits your specific needs. 

Please take advantage of the market while prices are still low. Contact us now!

We look forward to speaking with you very soon. Take care, and have a great day!

BUMP... Property is available, and we need to move it. We are slightly flexible with price, to a point. If you have interest, let's talk! Drop me a line with a direct way for me to contact you, and we'll go from there.

Thanks! 

Jason

CORRECTION: 

Address in bold should read:

207 N Woodland Ave, Michigan City, IN 46360

I apologize for any confusion. Please contact us with your interest.

J & J Investments is proud to offer a rare opportunity to buy a medium-sized residential complex in the stable economic environment of Michiana and get an immediate cash flow.

This investment is currently a PRE-LISTING REO property offered to only select investors before it is advertised on the open market. This ninety-four unit building offers a high ROI and is located in Edwardsburg, Michigan.

Investment Highlights

• Newer construction complex is in good up to date condition inside and out.
• Buildings are in an ideal school district and has no local rivals for its up-to-date units and amenities.
• Opportunity to move quickly and get a great investment property before the general public.
• 94 Units – High Occupancy Rate.
• Desirable Schools.
• High Profile Property.
• Few Competitors in the local mid to upper range apartment market.

Financial Summary (Actual)

Price of Complex — $4.3 Million
Unit Price — $45,745
Yearly NOI — $375,000
ROI / Cash on Cash — 16.6%
Cap Rate — 8.75%

Additional photos may be found on our website (link in signature below this ad). 

Call today for a personal review of this property. Also, ask about investments at all price points throughout the Michiana region.

Sincerely,

Jacob Day

J & J Real Estate Investments

(574) 315-6527

J & J represents income producing properties in the South Bend / Michiana region. We specialize in high ROI properties to both experienced and beginning real estate investors.

We have this solid Bungalow-styled house located on the Eastside of Michigan City, not far from shopping and restaurant amenities. Property has a full-sized basement, decent sized rooms, and additional space with an enclosed front and back porch. This unit had a small fire in a back bedroom, which only caused some smoke and cosmetic damage. This property can easily be restored to a functional income-generating investment.

Get in on this great deal now!

2 Bed / 1 Bath / 616 SqFt / 4000 SqFt Lot / No Garage / Built 1929

207 N Woodlawn Ave, Michigan City, IN 46360

C Class Neighborhood

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

Unit Price - $10,000
Monthly Income - $600
Yearly Income (includes 1 mo vacancy) - $6,600
Yearly NOI - $2,865.18
Yearly Taxes - $1,815
Yearly Management/Maintenance - $1,320
Annual Insurance - $600
Estimated Rehab Cost - $7,000
All In Cost - $17,000
ROI / Cash on Cash – 16.9%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Email for more information. 

Summer Home / Water Front Property in Culver, IN

This condo is in great condition, and has direct access to the water front.

It would be ideal as a summer home, rental or investment property.

Enjoy views of Lake Maxinkuckee.

Water front view and direct access.

Building and Grounds are well maintained. The condo is move-in ready.

This Apt/Condo/Townhome is located at 411 East Washington Street #12, Culver, IN.

The Unit has a modern kitchen, 3 full baths, 2 bedrooms, a spacious loft for entertaining or additional bedroom space. The seller is willing to sell furnished. There are approximately 2200 square feet in the unit.

Asking Price is $430,000

Email or Call if interested. If calling, please call our office number: 574-232-9408

713 N Main St, Mishawaka, IN 46545

Savvy Real Estate Investment Opportunity

Follow the trend attracting residential investors worldwide to the opportunities available in revitalized Northern Indiana communities.

4 Units Total - 1 Storefront/Commercial Space, 3 Apartment Units (over 3400 square ft. 600 of which is commercial).

This location is composed of 4 units total, with one of those units being a storefront/commercial space which can adapt to a wide variety of businesses. The three remaining units are all apartments of varying sizes. Two of those units are currently rented to long-term tenants, adding to cash flow. This property is about a block from the new River Rock Complex, which will feature high-end residential, boutique retail and commercial development. The building is in a great location on Main St, near major high-end redevelopment happening in the downtown Mishawaka area. It has been well maintained by the owners for many years, including newer roof and mechanicals.

713 N Main St, Mishawaka, IN 46545

B Class Neighborhood

Walking Distance To:

• River Walk
• New Residential
• Retail
• Shopping
• Parks
• Good Schools

Our Price - $60,000

Monthly Income - $1,975

Yearly Income (includes 1 mo vacancy) - $21,725

Yearly NOI - $8,524

Yearly Taxes - $7,355

Yearly Management/Maintenance - $4,346

Annual Insurance - $1,500

Estimated Rehab Cost - $7,000

All-In Cost - $67,000

ROI/Cash on Cash – 12.7%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Please visit our website (link in signature) to see additional photos. Email, text or call for more information. 

Apartment Building, Residential Rental Property, Investment Property, Real Estate Investment, Passive Cash Flow Opportunity, Commercial Real Estate