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All Forum Posts by: Marcus Wallace

Marcus Wallace has started 43 posts and replied 116 times.

Post: Beginning real estate investor from Los Angeles / San Francisco

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19
Originally posted by @Mark Huang:

Thanks Danielle. Look forward to seeing you around on the forums. Let me know if there's anything I can do to help you. I'm also considering investing out of state as well

 welcome Mark! let me know when you get any off market deals in the bay area..

Post: San Jose Duplex, Currently Off MLS

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19
Originally posted by @Arpad Racz:

San Jose Duplex

San Jose Duplex Convenient Location Great for Buyers and Investors. One car garage per unit. Tenant in 1 bed side. Total sq. ft. living area is approximately 1,645.

 can you send me the details? if its not on the mls thanks..

Post: Hello From the Bay Area

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19

thanks everyone!

Post: Hello From the Bay Area

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19

Hey I'm not new to bigger pockets but never put in my introduction.. Im a wholesaler in the San Francisco Bay Area, San Antonio, Tx, Atlanta and Memphis area. Looking forward to connecting with everyone thanks!

Post: 12.75 CAP. OWNER FINANCED APARTMENT BUILDING. Only need $60k down

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19
Originally posted by @James Wise:

Still available.

 how many units does it have and is this in a good area?

Post: Join My Cash Buyers List for Dallas Wholesale Deals

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19
Originally posted by @Andrew Herrig:

*BUMP*

If you are looking for wholesale deals in the Dallas / DFW area and aren't already on my list, sign up at the link below.

Send me a PM or email with what you are looking for!

http://www.andrewbuyshousesdfw.com/#!investors/ifm...

 hey i have a cash buyer looking for apts anywhere in the united states do you have any in dallas? looking for atleast a 10% cap rate and not on the mls under $3 million cash email me

Post: I have a Cash buyer looking for an apt building in Atlanta,Ga

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19

thanks will do

Post: I have a Cash Buyer looking for non mls deals in the Bay Area

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19

Hi my name is Marcus I have a cash buyer(investor) looking for non mls deals In the following counties Santa Clara, San Mateo, Alameda, San Francisco, Contra Costa counties. is looking for single family, apts, condos etc that's good for buy and hold and fix and flip and that's under $4 million cash do you have anything?

Post: I have a Cash buyer looking for an apt building in Atlanta,Ga

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19

Hey I have a cash buyer that need apartment buildings! Not on the mls, 12 units or more. Up to $3 million. In Atlanta Georgia Cap rate must be at least 10% or have potential to be with improvement. Do you have an Up to $3 million. In Atlanta Georgia Cap rate must be at least 10% or have potential to be with improvement. Do you have anything?

Post: 10 Unit Apartment Building in Excellent Area, Oakland, CA

Marcus WallacePosted
  • Realtor/Investor
  • Las Vegas, NV
  • Posts 121
  • Votes 19
Originally posted by @Account Closed:

550 Fairmount Ave, Oakland, CA 94611

550 Fairmount is a 10 unit apartment building located in Oakland, California. 6 x 1Bd/1Ba and 4 x 2Bd/1Ba. Desirable area between Pill Hill and Adams Point, near Piedmont. Walkscore of 85. “Class C” asset in “Class A” area, with significant upside potential. Excellent transport links and walkable access to upscale shops and restaurants. 4 mins walk from Kaiser Permanente, Oakland’s largest employer.

Market rents in the same area are 180% of current rents. Tenant buyout situation in rent controlled area. Majority of existing tenants open to settlement. Able to raise rents to market on 6+ units.

3 story, garden-style walk-up. 6632 rentable sq ft. Coin-operated laundry room + locker room. Built in 1963. Good structural condition with some external improvements required. 9+ Parking spaces.

Sample Project Costs:

Acquisition cost: $1,750,000

Renovations: $350,000

Tenant Buyouts: $200,000

Capital Reserve: $200,000

Total Project Capitalization:$2,500,000

Pro-forma exit valuation: $3,300,000

Oakland is one of the nation’s most attractive and rapidly evolving communities. Rents have soared in recent years with the spillover from San Francisco. Vacancy rate in the 150,000 Oakland-East Bay apartment market is approximately 2.6%.

“Oakland’s time has clearly arrived,” according to GlobeSt.com, with institutional capital seeking more affordable deals than are available across the bay in San Francisco. – REIS Report, March 2015

Please message me for additional details.

 hey do you have any other off market deals in the bay area not in Oakland? if so email me thanks!