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All Forum Posts by: Loreal Amporful

Loreal Amporful has started 40 posts and replied 71 times.

Post: Decatur GA rehab to retail

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18

Highly sought-after Boring Rd. area home! This large ranch is perfect for the investor who has the ability to do a rehab, and looking for and great return for his efforts. The house will need a roof, other than that, the interior just needs the standard retail upgrades. New kitchen counter tops, tile in bathrooms, refinishing the hardwood floors, and carpeting. All this can be done for 20K, or less. The ARV is about 100K

Please contact me for pics or more information

Post: Buy and Hold investors

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18

HI my name is Loreal and I have sfr & mfr for sale in the atlanta and jacksonville areas. Please message or email me for more information. 

Thanks in advance,

Loreal

Post: Looking for properties to buy in Atlanta!

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18

HI my name is Loreal, and I am a wholesaler in the atlanta area. I have properties for sale in and around the atlanta area. Please email me with your specifics so I can match you with properties I have in inventory. [email protected].

Thanks in advance,

Loreal

Post: Purchase Florida rentals; Jacksonville, Tampa or Orlando?

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18
Originally posted by @Leigh C:

I work the entire state.    About 100 houses a year....   I also use to live in Vegas and completely understand Florida is about 6-12 months behind what you experience.    

As for 10% cap rates, i kinda doubt it.   They paid 155k and are renting it for 1475.     We were into it for about 100k.      From the looks of their pictures they put another 5-10k into it after they bought it.      Even at our price using the "50% rule" you are only at 6-7%   Limited experience with rental costs...the idea of having so many tenants gives me a headache.

 Jacksonville is a hot market right now, with less competition than major cities. Kinda what atlanta was 5-6 years ago..

Post: Reduced Price... Over 20% Net ROI Cash Flow!

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18

Fulton County

More Pictures CLICK HERE
  • Single family home
  • 2 bedroom, 2 bathrooms
  • Built in 1955
  • 1086 sqft
  • .22 acre lot
  • Tenant occupied - Section 8 ($1070 a month, annual lease started 3/16/2015)
  • this one is a cute 2 bedroom, 2 bathroom siding Ranch style home. Its currently rented to a section 8 tenant for a whooping $1070 a month! Tenant takes good care of the property and are on annual lease. If you own section 8 rentals this is a no brainer! Again, with the cheap property taxes and guaranteed rent you are getting great ROI!
  • Estimated ROI
    • Purhcase Price - $42,900
    • Rente - $1070x12 = ;$12840
    • Estimated Property manament - $107x12 = $1284
    • Estimated Insurance - $600
    • Property taxes - $261
      • Estimated Net rental inome - $10695
      • Estimated Net ROI - $10695/$42900 = 25%
  • OCCUPIED: Drive-by ONLY. Do not disturb tenant. Contact us for appointment. Please be ready to provide proof of funds. Serious Cash Buyers Only

Post: Tiny turnkey rental

Loreal AmporfulPosted
  • Realtor
  • Decatur, GA
  • Posts 74
  • Votes 18
pcs: https://www.dropbox.com/sh/j9mwmrq8x9nc1ys/AACVyrv...
  • This is a 2 bedroom, 1 bathroom single family home. It has 646 square feet of living space. Built in 1965.
  • This property currently has a tenant who pays $475/month. Upon buyer's request, the property can be delivered empty at the time of closing. The property is in great condition and makes an excellent turn-key home.
  • Market Rent: $400-600
  • 2014 Property Taxes: $290
  • Tenant Occupied: Access by Appointment Only 

    Post: Hot jacksonville market!!

    Loreal AmporfulPosted
    • Realtor
    • Decatur, GA
    • Posts 74
    • Votes 18

    Post: Hot jacksonville market!!

    Loreal AmporfulPosted
    • Realtor
    • Decatur, GA
    • Posts 74
    • Votes 18

    I have properties for sale in and around jacksonville, Fl. What is your buying criteria, so i can match you with the best fit properties? I have properties that need rehab as well as turn key rentals. Which do you prefer?

    Post: Potential Fix and Flip/Rental, 4/1.5 in Decatur Ga

    Loreal AmporfulPosted
    • Realtor
    • Decatur, GA
    • Posts 74
    • Votes 18

    pics: https://www.dropbox.com/sh/qztlrxzfxei3acm/AADGz-4...

    comps: http://www.zillow.com/homes/comps/14453677_zpid/

    https://www.dropbox.com/s/2u7wzj5htxjvorf/mcaffee....

    • Single Family Home
    • 4 bedrooms, 1.5 bathrooms
    • Built in 1950
    • 1376 sqft
    • Vacant - Contact us for lockbox code
    • ESTIMATED Market Rent ~$900
    • Property tax - $909
    • Here we've got an attractive Brick and siding home in Decatur Ga. This property currently sits vacant, the tenant just moved out of the property over the weekend. It doesnt need any work as it sits to be a rental, if you planned to sell it retail expect to put upgrades into the house. ~15-20k in upgrades.
    • The property has strong comps, check out the CRS Data report and zillow comparables in the link above.
    • The property is on lockbox, contact me for the code.
    • 1k non-refundable earnest money is due with accepted contract. Buyer must be able to close within 10-14 days.  

    Post: Lake House on Lake Lanier!

    Loreal AmporfulPosted
    • Realtor
    • Decatur, GA
    • Posts 74
    • Votes 18

    Pics: https://www.dropbox.com/sh/8p8o0j6epouzitp/AABWGS_...

    • Single Family Home
    • 3 bedrooms, 2.5 bathrooms
    • Built in 1979
    • 1386 sqft
    • ESTIMATED Rehab cost ~25-30k
    • Comps ~ 200k
    • We dont come across many lake houses, but we've got one for you! This is a 3 bedroom, 2.5 bathroom. The property does need some TLC. The dock on the lake will need a remodel. The dock permit is will also need to be renewed.
    • The property is currently vacant. This could make for a good flip with strong comps in the area, or even for someone personally looking for a lakehouse!