All Forum Posts by: Jeff Shane

Beautiful 4 bedroom, 3 bath home with over 3100 sq ft for sale in San Antonio, Texas. Comps project ARV at $357K. Cash offers or Hard Money only. Heavily discounted to move at wholesale prices. Well built, fabulous home requires no rehab except minor cleaning. Rents projected above the $2400 by Rentometer.  Property is ready for the smart investor. Bright & open floor plan! Wood & tile floors throughout, crown molding, island kitchen is open to the family room with fireplace, all bedrooms up! Call us today at 832-953-5254 or email us at [email protected].  More Pictures available at www.investorwholesalehomes.com.

Comparables:

15826 Mission Rdg San Antonio, TX 78232
4/4

Jimmy,

The list price is $1.5M and the gross revenues are right at $654k.  I was looking to offer $1.3M.  However, I do understand that living on property will be needed to run it effectively, which will not be a problem. Thank you for the insight and I definitely will utilize the 2X's revenue strategy for pricing. If the location is excellent and city driven, is there a case that you will go over the 2X's price model?

Jeff

Jimmy,

I'm attempting to attain 20% private money.

Jeff

Chris,

It is a viable option and especially if you will have clear title.  There are many options lenders that will do the deal for you.  However, you need to make sure that if you use the property, will you use it as personal with a refinance, or investment with a refinance?  If investment, you may run into an issue if the property is empty with no income being generated.  If you can handle the note with any current income, they may be able to work with you.  I say go for it, you'll have clear title anyway...you cannot go wrong.

Jeff

It is part of the Choice Hotels (Econolodge) in Junction, TX. The owner is motivated to sell, however how would I structure a short term option, land contract, etc.?

BP Family,

I am looking at purchasing a small hotel/motel (40 keys) and I'm wondering has anyone had any success using creative strategies (short-term option, owner financing, etc.) to work a deal? I know the parameters are way different from apartment buildings, but I would love some guidance please.

Thanks,

Jeff

Gino,

Thank you for reaching out to me.  I think my strategy will start on wholesaling, until I can build up cash to delve into commercial units.  Then I will concentrate on buy and hold strategy.  Any suggestions from your own experience?

Jeff

Hello All!

I'm Jeff and I'm looking forward to gaining insight from each of you to help develop our real estate portfolio.  From reading this far, there are so many great ideas and innovative strategies.  Let's Invest!!

Kathy,

I would love the referral please.  

All - Thank you for all of the inputs and information.

Let's Make Deals! - J

I am looking at structuring a deal for an apartment complex and wanted to ask this question:

When and how are the deposits transferred to the new owner?  Is this done by the seller in cash at closing?  Please advise. 

Thank you - J