All Forum Posts by: Jason Richardson

REDUCED - New Price & ROI Below:

ALL-IN Price (Purchase & Rehab): $23,500  (down from $25,000)

ROI/Cash on Cash:  16.2%  (up from 15.2%)

Please message in BP, email direct or text my phone if interested. Thanks!

SOLD! Thanks to all who looked at our ad!

NEEDS TO GO NOW!  We are giving this property away for $12,000* !!! Please contact me TODAY!

(* Does not include cost of rehab. Initial all-in cost is $14,000. Call, text or reply to this message. If calling, please leave a voicemail and I'll call you right back.)

BUMP... This property is still available. Let me know if you have some interest. 

Thanks much!

BUMP... We need to move this property now! Price negotiable. We will take the highest offer. Please contact me directly through PM here or email me direct. Thanks everyone!

SOLD!! On 2/16/16. Thank you all who look at our property posts!

Pending Sale!

We have a great off market investment in one of the hottest markets of our area!

This is a 3 Bed, 1 Bath, house in a fantastic neighborhood! It is near schools, parks, and shopping centers, making it a very sought after location. Whether you are looking to flip and sell, or buy and hold, we believe this property is ideal for any investor.

With this property's great location, and amenities such as nice sized closets, first floor laundry and a garage, makes this house very appealing to both buyers and renters!

This won’t be available for long, so don’t miss out!

3 Bed / 1 Bath / 848 SqFt / 4686 SqFt Lot / Det Garage / Built 1875

717 Liberty Drive, Mishawaka, IN 46545

B Class Neighborhood

______________________________________________________________________________

Here are the numbers as a flip:

Our Price - $35,000

Est. Rehab Cost - $10,000

ALL-IN Cost - $45,000

Price Per SqFt - $53.07

List Price - $69,900

Sales Cost - 15%

Net Sale Price - $59,415

Net Profit - $14,415

ROI - 32%

Note: If you put $7K in rehab, your numbers change as follows:

ALL-IN Cost - $42,000

Net Profit - $17,415

ROI - 41.5%

______________________________________________________________________________

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

Our Price - $35,000

Monthly Income - $800

Yearly Income (Includes 1mo Vacancy) - $8,800

Yearly Taxes - $1919.54

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,760

Yearly NOI - $4,520.46

Estimated Rehab Cost - $4,000

All-In Cost - $39,000

ROI/Cash On Cash - 11.6%

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

BUMP (because apparently updates don't bump the ad back to the top like replies do...BP team, please fix? Thanks!) ... See price reduction in original post above. Thanks!

We have another Bungalow-styled house that has great potential. Located in the Unite neighborhood of South Bend, this property is close to schools, shopping and restaurants. Siding on property needs to be finished, but a good portion of it is complete. The inside looks worse than it really is. The kitchen has been stripped down to the lath, and is ready to have a brand new kitchen dropped in. The majority of the hard work has already been taken care of here. Bathroom needs some work as well, but will be fairly easy to finish. The remainder of the work needed is flooring, paint and lighting. Furnace is approximately 10 years old. Needs a water heater and some plumbing work. Roof is in excellent condition.

This deal won't last! Contact us now!

3 Bed / 1 Bath / 864 SqFt / 5280 SqFt Lot / Det. Garage / Built 1912

1209 E Indiana Ave, South Bend, IN 46613

C Class Neighborhood

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

Our Price - $15,000

Monthly Income - $625

Yearly Income (Includes 1mo Vacancy) - $6,875

Yearly Taxes - $1,215.26

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,376

Yearly NOI - $3,684.74

Estimated Rehab Cost - $8,000

All-In Cost - $23,000

ROI/Cash On Cash - 16%

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

More photos available at: http://www.jjinvestmentscompany.com/#!1209eindianaave/kgugt