All Forum Posts by: Makenzie Kelly

I have a completed Property Evaluation for anyone wanting to view, just PM me and I'll send it over.  Looks like potential Cash on Cash return is 29%!!!  

Hello,

Looking for anyone that is tired of their Multi-Fam complex.  Willing to put 10-20% down with seller carry back, terms must make sense.  Price range negotiable, but less than $1M.  Open to any areas of the country as long as there is good job stability etc. 

65%-85% occupancy is okay.

Thank you in advance!

Makenzie

A lot of people asking about this property:  2007 square feet.  One house around the corner, similar listed for $85K, will likely sale for $80K.  Instant equity.  PM me with any additional questions.

Good point Curt, for you I will raise it to $59,999....   Let's just say that I am taking a fair margin at a fair price. We acquired this property at a good value.  I would like it to move fast (fast money is better than slow) and as an investor myself, I prefer to buy with some equity.  So I am assuming that others do the same?  Win-win is the name of the game. 

:-)  Let me know if you're interested.  

Cheers,

Makenzie 

Perfectly rehabbed property close to downtown with parks and walking paths close by, a must have for any rental family. You get a turnkey property at a wholesale price! 

As an added BONUS we guarantee the first 3 months worth of rent.  You risk nothing!

Asking $54,99

Improvements needed: $0!!!

ARV: $74,000

Cap Rate: est 12%

Highlights:

• Ranch Style 3 Bedroom,1 Full Bath
•  Fenced Yard
• Updates Include Vinyl Windows
• New Carpeting/Laminate Flooring
• Fresh Paint
• New Electric Panel/New Plumbing
• New Roof 2009
• New Central Air/Furnace
• Kitchen And Bathroom
• Stove/Frig Included

Close To Private And Public Schools, 3 Miles From Downtown, 1.5 Miles From Garfield Park, Situated On A Quiet Dead End Street, Covered Front Porch

Looking to get started in Indianapolis Investing?  This is a great start.

Ask me about financing for this price point --credit scores 680+

WOW!!  My other business is in West Oakland and we see a lot of plight there.  Great job at making the neighborhood more beautiful.  Someone who buys this will not likely be a hoarder and allow filth in the house.  Makes me rethink Oakland as a potential market...  just don't tell my husband.  shhhh!  

 I have found the Jerry Springer line of postings! Oh how exciting. I for one am grotesquely entertained. It's kind of like driving by the bad accident on the freeway and looking...not because you want to see something bad, but you just can't help but peek at how messy it gets! :-D

...pass that popcorn down here....!  Licorice too maybe.....

Buy-sell agreement!!!  We have fired one partner for failure to act in good faith and successfully executed a million dollar divestiture with another company (we barely got out alive) because of our buy-sell agreements.  [neither business was real estate]

I understand the whole family issue.  We had to fire my business partner's brother because he was watching porn at night in the office.  (I have so many crazy stories I should write a book.)  Oh and did I mention she was the HR manager and knew her brother posed this risk?  Family is risky!!!

However, if you can structure a fair buy-sell at this point, it will protect you before you get any futher into the arrangement.  

I can say it's not boding well, but you know this.  Maybe drag your feet and quit displaying so much interest.  It's likely the excitement will die down in his eyes as you drag on and don't give him any more to-do's.  He's not a self-starter.   Good luck girl.  I too was in my 20s when I started my first business.  You're in a great spot.  You'll be a millionaire real estate tycoon in no time!

Cheers,

Makenzie

@Leo B., he means that if you have a Delaware LLC, and you want to open a California bank account or buy property in CA, you will need to get the certification letter showing you are doing business in CA. All of my companies that do biz in CA are California corporations. I have one overseas entity, but we do not do business in the US, and all of our board meetings are overseas on purpose.

Yes you will need a tax ID number for the bank account.  How else is the IRS, uncle Sam and every other entity going to track you down? ;-) It's pretty easy and can be done online. 

Here is the link: http://www.irs.gov/Businesses/Small-Businesses-&-S...)-Online

Also, once you get your LLC back in the mail, don't forget to file your Statement of Information. That can be done online too.

Good luck,

Makenzie

Hi All!

Looking to purchase a commercial light industrial building for my other business in Sacramento. I am firing our existing buyers agent for multiple reasons. Looking for a commercial agent that:

1. Can return phone calls

2. Has experience with Negotiation

3. Tell me yes =) (seriously this is the easy part!)

I have the numbers, I have the details and the comps, it should be really "easy". Should have prequal by bank next week. Any recommendations would be much appreciated!

Thank you in advance!

Makenzie