All Forum Posts by: Marc Bracy

This house is already more than half way completed.  The house already has new windows, interior doors and trim, knockdown ceilings etc... 

ARV 150k

Rehab 15k

Priced at 110k

1k Binder up front. 

I've read everyone's responses and nobody has really told you how they did it. lol I mean they told you, but didn't tell you and that's exactly what you get at seminars. Great little nuggets of information mainly from people who attend the seminars. Countless people have asked me how to get into REI - it's all about finding properties. Everyone says "but I don't have money" or "I don't know any other investors"(which is laughable as they are literally telling an investor that they do not know any other investors). F&$k the money. You don't need the money unless you have something to spend it on! The only real piece of advice I give is simple. Find a house to flip and I'll show you how to flip it(Also amazing how there is a huge lack of followup questions after that statement). RIGHT NOW if you have a property to present the money will nearly walk right into your pocket. Everybody and their brother's cousin is a flipper and the money being thrown around is ridiculous. Of course there is a whole lot more to it, but in this market, at this time just find the property and you'll be surprised how easy it is to get funded. I wasn't even going to respond to this, so I encourage you to read and reread this little response and let it sink in. Good luck!

1042 Woodstock Ave - 

Roof is approx 6 years old, needs new HVAC and cosmetics for rent ready. ARV 65-75k - easy flip or keep for great cash flow for the area. Lot is a double lot, so technically could have another unit eventually. Photos available soon.

Did this sell?

What's up guys, got a question for those who are far smarter and wiser than I am.  I have a lead that is technically upside down, but cash flow wise is in good shape - Here's the quick breakdown and my idea of how to make this work:

They owe 85k property is worth 75k.  It's a very good area for rents so all in all the property would be cash flow positive around 250 per month.  Their credit is in very good standing so the seller intends to purchase another larger home for their growing family.  

Would a wrap around mortgage on a sub2 deal be worthwhile?  The property needs VERY little to bring it up for market rents.  I was also thinking it could be a decent lease option as well.  

Purchase Sub2, real estate attorney draws up wrap around mortgage to satisfy sellers debt to income ratio(I would assume they would need a little seasoning time so maybe they need to rent for a year or so), then I could do a lease option to relieve myself of maintenance costs and have an exit strategy or rent it until my LLC/Trust can refinance and just hold it.

Am I missing something? 

Welcome Hal!  I've got two rehabs going in Middleburg as we speak!  

Calling all buy and hold people and landlords!  I am about to wrap up some condo townhomes in the Mandarin area of Jacksonville, FL.  It's a great area in Jacksonville, good rents and good pricing on these unit.  A couple of them are turnkey and a couple of them could use some updating, but would't necessarily be required for renting.  Connect with me if you're in the market for condo/townhome rentals in the Jacksonville Fl area. 

Hey guys,

       I have some opportunities for buy and hold people to purchase some townhomes in a very very good area of Jacksonville.  All are in the Mandarin area - some turnkey and some in need of minor updating.  Townhomes are doing well right now for buy and hold people as they are at good prices and have great rents!  Connect with me if you are interested in picking some of these up!  All deals are non refundable 1k binder and can close as quickly as you need.  

It is at the moment.  I have two appointments today so far for people to check it out.  Call me 931-639-2778 if you'd like to talk about it.

Good deal - check the address out on Zillow for photos.

140k ARV

16-18k Rehab

Sale price 92k. 

Going to whoever can close fastest.  Price recently adjusted for a quick sale.  Send a message for more information and details.