All Forum Posts by: Nadine Lajoie

Another AMAZING REMODELED CONDO I just finished!

OPEN HOUSE the 26th - 4pm to 8pm... need to call or text so I can open the gate
or call for other appointments to show the place.

Already 2 AirBnb reserved this month!

If you are a buy and hold investor for rental, vacational rental or lease-option, this condo is in a great location, well maintained, secured and quiet complex.
Walk to everything : Beach, Convention Center, Marina, Pine Ave, Art District and down town!
Good demand for AirBnB too!

ALL FURNISHED if needed, stove included and refrigerator and furniture if you need it!
***** READY to MOVE-IN *****

CONDO includes re-stained Red Mohogany hard wood floor, new ceramic tile, new backsplas, new carpets, new ceiling fans, bathroom molding and cabinets, and interior design decoration.

Pictures doesn't do justice though... condo is really nice!
-----------------------------------------------
*** Cash Price $207k
MLS AVERAGE COMPS: $248k (full comps available upon request)
Rents: $1,300-$1,600
Low HOA: $135 a month includes insurance, water and HOT water too!!!
Owner's insurance: $276 a year
Prop. Taxes: $1,634 now - didn't get reassessment yet

FEW COMPS:
*** 215 Atlantic Ave APT 206,
Long Beach, CA 90802
1 bed 1 bath 624 sqft Edit
SOLD: $252,000 - Sold on 12/07/15

*** 215 Atlantic Ave APT 304,
Long Beach, CA 90802
1 bed 1 bath 623 sqft Edit
SOLD: $250,000 - Sold on 05/17/16

*** 140 Linden Ave APT 512,
Long Beach, CA 90802
1 bed 1 bath 500 sqft
PENDING - $240,000

*** 375 Atlantic Ave APT 707,
Long Beach, CA 90802
1 bed 1 bath 706 sqft
FOR SALE - $250,000
-----------------------------------------------

**** Great location and still at investor price before I put it on MLS. Ask for info 949-421-7562
NOTE: You cannot compare the other unit sold in this complex, was not renovated and was not a direct sale....

-------------------
Condo 1br / 1 ba on Atlantic with parking same street block, we pay for it for 1 year!!! $54 a month... really rare to find!

Ideal for investor Buy and Hold (cash-flowing) or Owner-occupied or vacational rental.
Price is $207k (with repairs and upgrades)
If you need lease-option or financing, price will be $224k

Ready to MOVE-IN!
Flexible terms. ASK for details at 949-421-7562

REALTORS: Please don't call me to list the property, I have already 2 realtors if I decide to list it later. Call me ONLY if you have a serious buyer please.... and you can get your 2% commission. Please respect that. thanks

Call us NOW at 949-421-7562

Yes exactly @Eric.  And getting over 1500 deals a month for OOS investments, starting at 7k a house or you can get 3 houses for $50k with a full turn-key service for lease-option resell.... pretty cool!!!!

Good clarification @Justin, thanks

Operating cash-flow is the most common I think, because you have to pay the bills and get some money at the end of the month, righ?

Operation cash-flow is used to calculate the ROI, which is only one of the 4 components of the TOTAL ROI, that also includes the depreciation, amortization, apreciation. I have an example in my video that shows a negative ROI can make 45.73% TROI.... to don't forget the power of real estate.

Sometimes my clients are in a panic when they don't have cash-flow for few months, or here in California where this is hard to cash-flow, but I remind them the TROI and the bigger picture of real estate... and the beauty of it.  Just saying :-)

2% rule or ratio in California, good luck!  If you find one I wanna buy too, but not in a ghost town.  Even 1% is hard to get, don't see many, unless you do fix and hold.  Buy and hold, you pay more but still possible to buy renovated condo for $200-220k and get rents between $1300 and even $1700 if you resell in lease-option or rent-to-own... to get better tenants too!

In Long Beach, the closest I found that numbers work, ROI, with some cash-flow and equity are the condos 1br/1ba... and that is why i just focus on that right now, finishing-up this condo next week... yeahhhh! Market is too high for the rest. Even the 2br/1ba, you have to pay almost $100k more to get maybe $600-700 more in rents.

OUT of States, better chance... I started right of the bat with 14 investments OOS, never saw one of those and barely spoke English either... so don't let your fears stopping you .... I did it, so can you... :-)  let me know if I can help 

Agree with @Edward, ROI and cash-flow are after mortgage, while the NOI is not affected by mortgage, because that ratio is before. @Greg, I would like to understand your point. Please clarify...

Gross revenues - vacancies and other expenses = NOI

NOI - Mortgage = cash-flow

Cash-flow / investment = ROI

Right?

I was an actuary from school and financial planner, I never liked one of those so I created my own :-)

Yeahhhhh!!! Finally got the condo yesterday, started the upgrades and will be ready next week for sale to a Buy & Hold Buyer at $205 in next 2 weeks, for lease-option or rent-to-own, or we can seller finance a portion on it At $220k.... MLS comps available upon requests and around $248k.... and I have now a parking spot on 5the Street!!!! Rents should be around $1300-1500 in the area, or even more if YOU resell in lease-option.... got also about 20 requests AirBnB in 3 days!!! At $89 a night of $2,000.... **** cash-flow and equity!!!!

Hi Chris, tried to call you back but number didn't work.  Please feel free to call me tomorrow after 4pm PST or Sunday in afternoon.  Should work at my new condo and can talk few minutes, unless you can come and visit! 

All online like Trulia, Zillow, Redfin at first, even if they are not 100% accurate, I put that in my software and can analyze 8 deals in 2 minutes... once I got the deal I feel confident, call realtors, get MLS , tax assessor, insurance, utility companies, and send contractors for quotes when they can access the house...

I invested in many SFR in Indy, and others in IL and GA, so I can help answer few questions as well... I did fix and flips and some buy and hold, lease-option and rent-to-own, never saw one of my deals Out-of-States, so contact me if you wanna talk. Plus I found a group in December who can do 3 houses for $50k, with a turn key for lease-option buyers, you can still do the flips in between if you want too... many ways... many strategies. Glad to help!

I invested in many SFR in Indy, and others in IL and GA, so I can help answer few questions as well... I did fix and flips and some buy and hold, lease-option and rent-to-own, never saw one of my deals Out-of-States, so contact me if you wanna talk. Plus I found a group in December who can do 3 houses for $50k, with a turn key for lease-option buyers, you can still do the flips in between if you want too... many ways... many strategies. Glad to help!