All Forum Posts by: Oraude Boston

GA BP: I Guess this would be some kind of seller financing/creative financing and need solid advice. So I have a seller who lives out of state in Florida and own a bunch of real estate in New Jersey. I've closed one deal with him already via regular wholesale and built a relationship. He now wants to sell 4 Properties to me using a Quit Claim Deed. Our Discussion suggests I won't have to pay for any repairs as he is doing that on all 4 properties already, nor pay anything out of pockets. Combined all 4 properties are worth $580k-$590k and is upside down combined approx $150k. What he suggests and is looking for is for someone local to take over the properties Via: -Quit claim Deed -Get all 4 properties rented. -Make the Mortgage payments as necessary (He will continue to make mortgage payments until I find Tenants) - split cash flow with him on all 4 properties. - Our agreement will run Simultaneously with Mortgage term. -I can pay off home at anytime or when mortgage term finishes property becomes mine. *Downside: This will be a upside down portfolio. Upside: possible can produce some good cash flow and it's no money out my pockets. Im awaiting all details and mortgage payments. Thanks for any input.

Great Opportunity!!!!!!! Dont Miss OUT

3 Family Home Located in Newark Nj,

7bd/3ba with 2 Car Garage (detached) and Finished Basement.

This Home is in Good Shape.

Purchase Price: 130k (Cash Buyer Only)
ARV: 250K+
Repairs: 40k or Less Cosmetic (see for yourself)

Great for a Buy and Hold or Can be a Easy Flip!.

Monthly Gross Rents: $3200 ( can be more)
Unit 1: $1200+
Unit 2: $1200+
Unit 3: $800+

Monthly Cash Flow $1851.00 with Management and all other expense included.

Comps: (Provided By Agent in the area from MLS) Zillow will not give Accurate Comps on this Home. Contact me For Comps info.

149 Columbia Ave, Newark, NJ
5bd/3Ba Sold: $225k (Partially finished Basement)

43-47 Valley St, Newark, NJ
7bd/3ba Sold: $250k (Unfinished Basement)

71 Marion Ave, Newark, NJ
7bd/3ba Sold: $329K (Finished Basement)

133 Isabella Ave, Newark, NJ
7bd/3Ba, Sold: $330k (Finished Basement)

Feel free to contact me at anytime by Phone: 201 564 5172 or email [email protected] for more Information.

@steve  Please send me a email for more information 

Correction: This property is fully vacant all 3 floors. 

WHOLESALE DEAL!! ACT NOW.

3 Family Home Located in Newark Nj,

7bd/3ba with 2 Car Garage (detached) and Finished Basement.

This Home is in Good Shape.

• Purchase Price: 130k
• ARV: 250K+
• Repairs: 40k Cosmetic 

Great for a Buy and Hold or Can be a Easy Flip!.

Monthly Gross Rents: $3200 ( can be more)

Comps:

• 149 Columbia Ave, Newark, NJ

5bd/3Ba Sold: $225k (Partially finished Basement)

• 43-47 Valley St, Newark, NJ

7bd/3ba Sold: $250k (Unfinished Basement)

• 71 Marion Ave, Newark, NJ

7bd/3ba Sold: $329K (Finished Basement)

• 133 Isabella Ave, Newark, NJ

7bd/3Ba, Sold: $330k (Finished Basement)

Feel free to contact me at anytime by Phone: 201 564 5172 or email: EquiVestor,[email protected] for more Information.

Thanks,

Oraude.

Hi,

Great 3 Family Wholesale Deal!!!!!!! Act NOW 

7Bd/3Ba with 2 detached car Garage and finished Basement.

Purchase Price: $130K

Arv: $250K

Repairs: $40k Cosmetic Work

Monthly Gross Rents: $3200 

This property can be a flip or Great for a Buy/Hold with 13% Cash on Cash returns.

*If interested and for more information [email protected]

Thanks,

Oraude

@Jon Holdman I Understand what your saying but nevertheless, whether their using hard money or their own cash, I believe knowing a ball park number of what an investor would be looking for in terms of return will better prepare me when presenting a deal to investors. The more I know about the area and what returns are good it would be more easy for me to make decisions on the best offer i can make to a seller with my returns already calculated. If investors are looking for a 15-20% return in specific areas and I have something under contract for lets say 10%  I dont think i would have much confidence in selling such property cause it below the norm for what investors are Buying.