All Forum Posts by: Kevin Yoo

26 Properties (36 units) in Jacksonville, North Carolina:

1) 20 Properties (6 Duplexes + 14 SFR = 26 units) are financed with assumable loans (30-yr @ 6.5975% & 6.445% w/ maturity dates 8/8/2025 & 5/8/2026 + 1 year buffer until loan needs to be repaid).

- The loan is assumable and the new buyer would have to pass lender underwriting.

- Timeline 6-12 weeks for assumption per loan servicer.

- This loan has other non-NC assets currently, but we are actively selling off or can be settled at closing, this will reduce principal balance ~$57k.

- XIRR ~14% for the 20 assumable properties

6 LP Properties

2) 4 Duplexes are not assumable - will need to be purchased cash/refinanced ($121k/each)

3) 2 SFR are not assumable - will need to be purchased cash/refinanced ($105k/each)

Financials:

- $536k for 20 assumable debt properties based on 8 CAP. We will pay lender fees to transfer loan. Saves buyer min $30k finance fees. Split closing costs.

Fees will be paid by seller, but EMD to be non-refundable if either:

  1)The Assumption is approved, but the buyers do not execute the contract

  2) Buyer does not meet lender requirements (review LoanAssumption tab)

- 6 LP Properties - $694k all cash or ~$205k (30% financed) for remaining 6.

- Fully performing portfolio generates ~$43k-56k/yr in cash flow (using 15% repairs/vacancy)

- In 7 years (loan maturity) equity ~$1.1M based on current ARVs

- Can sell 20 alone or all 26 properties

Please let us know if you would like to or know someone that would like to acquire these assets, either all 26 or just the 20 with assumable loans.

We will not carry the debt. Cash sale or assumption of loan only.

Link to Google Drive - 

Contact Vil at [email protected] if interested. Do not reply to this ad. 

2 rentals currently for sale in Chicago market. Both HACC (sect 8)

- 14538 Kimbark, Dolton, IL 60419 

   - 100% HACC paid 

   - Same tenant 1 year

- 16920 Old Elm, Country Club Hills, IL 60478 (link to BP ad)

  - $1775 HACC + $380 tenant (but anticipate going back to full pay)

Link on google Drive - https://goo.gl/PwQqK6

No owner financing. Cash or obtain your own financing.

Contact via [email protected] if interested. Do not reply on BiggerPockets.

2 rentals currently for sale in Chicago market. Both HACC (sect 8)

- 16920 Old Elm, Country Club Hills, IL 60478

   - $1775 HACC + $380 tenant (but anticipate going back to full pay)

- 14538 Kimbark, Dolton, IL 60419 (link to BP ad)

   - 100% HACC paid

   - Same tenant 1 year

Link on google Drive - https://goo.gl/PwQqK6

No owner financing. Cash or obtain your own financing.

Contact via [email protected] if interested. Do not reply on BiggerPockets.

Fully rented duplex in Newburgh Heights with long term tenants. Both tenants have been in residence for over 18 months and intend to stay.

Unit# 1 - Two Bedroom One bath: Rent $550.00
Unit# 2 - Two Bedroom One Bath: Rent $545.00 includes $50.00 for utilities

ROI (all cash) 9.8%

Property Rehab, Both Units Up and Down performed in Sept, 2015. Rehabbed items include:
-Replacement of carpets
-Paint throughout
-Basement repairs paint walls and fix water intrusion
-Repair/replace windows and screens
-Replace locks and faucet
-Sec 8 qualification repairs

Oct, 2018: Rental Inspection/Point of Sale Inspection being performed. Plan to have clear POS.Consistent cash flow. Rental income is verifiable. Property management income and expense reports from local real estate licensed property management company.

Feel free to drive by the property but do not disturb tenants. Email [email protected] for more information and I will send you link to Google Drive with more property information.

This is a true for sale by owner. Main reason selling property is owned in 401k and only way to move the property out is through a third party sale.

Click "" to view additional photos

Email: [email protected] if interested.

Selling 3 properties in Saint Louis, MO that need rehab. We own these. Not Wholesale. Last few properties we never got around to. Looking to recoup initial costs. 

Don't have much info, but lockbox on the home. Quick cash deal preferred. 

Email [email protected] if interested. Make us an offer on one or all three.

5030 Page - Pics

2930 Ohio - Pics

3732 Ohio - Pics

Not sure on best approach or if there is an appetite for investors who want to park their funds and be the bank. We have a few investors that invest in short-term funds, but also just parked some funds via a secured mortgages on  rentals. Loans are fully-amortized loans on single family rentals in South Bend/Mishawaka, Indiana. Minimum mortgage is ~$20k.

Please direct any inquiries to [email protected].

Completely rehabbed kitchen and bathroom feature new cabinets, granite counters, custom tile, upgraded fixtures and black appliances. In process of being leased.

Click "HERE" to view additional photos.

Check out our (2) other properties for sale in the Chicago area 16920 Old Elm & 14331 Cottage Grove

Link to financials for all (3) properties:

Link to Trulia:

Email: [email protected] if interesed.

Occupied - 4 bedroom, 2 car garage - Great condition.

Click "HERE" to view additional photos

Check out our (2) other properties for sale in the Chicago area 14538 Kimbark & 16920 Old Elm

Link to financials for all (3) properties

Link to Trulia

Email: [email protected] if interested.

We have a sizable portfolio of rental properties in Jacksonville, North Carolina. Looking for good contractors and property management companies. Does anyone in BP Nation live and/or invest in Jacksonville, North Carolina and can give us some good references in contractors and property management companies in and around that city?

Jacob, 

I would be happy to talk with you. My Virtual Assistant can also set up a Uber teleconference which would be easier for you and for me if we are doing international. Let me know what is best.