All Forum Posts by: Nellie Scanlin

This portfolio is no longer available. 

@Raymond B.

 Thank you, Raymond! I learned something new :)

@Cj W. Email sent

Overview of the Deal: Our 51-316B Kamehameha Hwy deal is a relocation & renovation project. The project will consist of relocating an existing historical house (pictured below) to our vacant lot in Kaaawa, located at 51-316B Kam Hwy. We incur no cost for the house, however we are obligated to grade the lots after the house is moved from its current location on Coyne Street. Once the house is securely placed on the Kaaawa lot we will begin renovating and expanding it into a beautiful two-story, 2 Bedroom, 2 Bath home with an ocean view.

Current Status of the Project: This deal is already in progress, as the historical review, relocation and initial building permits have already been approved and/or applied for, and we already have the lot under contract and in escrow. The next step is funding the project so that we can proceed with the purchase of the land, then relocating and renovating the house!

The Property: We have secured a large, 6,585 sq ft level CPR lot in Kaaawa town. We’ve done our due diligence on the property, and have involved the seller, our architect, the house-moving company, and our general contractor, and to date there are no foreseeable problems. The land was recently staked, and there are no known issues with the boundaries or encroachments. When the newly rebuilt historical home is completed, we will sell this property to waiting buyers in the range of $725,000. We have rehabbed and/or built and sold 8 other homes and projects in this area and we are setting the market pricing. Additional photos are available. A complete executive summary and property tour is available upon request.

Funds Required: We are seeking $500,000 for this project total.

Return: We are pleased to offer 12% APR for this project. Interest will accrue and be paid out in a balloon payment, along with full return of principal, all paid through escrow upon the sale of the property.

Security: After paying our lender(s), there is $164,000 of equity in this deal. This provides additional safety for our lenders. We’ve acquired the land for

$305,000, and are scheduled to close on or before Wednesday, July 22nd.

A notarized Promissory Note and 1st position Mortgage will be issued to the lender, which can be recorded against the property at the Bureau of Conveyances.

Private lenders only Email:  [email protected]  

Picture from previous house re-location on Oahu, Hi

@Marvin S 

No, don't have 19. 5%. 

Attention residential real estate investors,

Jacksonville is proving to be a very strong rental market with appreciation.

Asking $50k per house or $45k each if purchasing all 50.

No CLOSING COSTS by purchasing ownership of LLC(s) holding company.

Yielding 10-12% Cash on Cash Return.

Note: The property manager is part owner of all properties and is guaranteeing the first 12 months NOI for going with his management firm after purchase.

Great addition to any holding strategy.

Contact me for financials and to set an appointment with asset managers.

email: [email protected]

Thank you, everyone, for welcoming me to the Bigger Pockets community. @James Wise I started in real estate just being in the "right time right place" Back in 2003 I was looking to rent a condo and my realtor told that my rent would be higher than a mortgage payment. Most of my friends, at that time, were realtors. I bought my first condo, rehabbed, rented, bought another, purchased every real estate course that came to my path, joined real estate clubs, and still working on increasing my network. 

Hello everyone at the Bigger Pockets site, I very exited that I found this website! I am a residential real estate investor since 2003. I live in California and working with a team that flips residential real estate in Florida and Hawaii. Always looking to learn something new and network with other individuals. Looking forward to connect with everyone.