All Forum Posts by: Philip Arthurs

This Vestavia Hills property is situated in a quiet neighborhood along the Cahaba River and is a 5 minute walk to Piggly Wiggly. It sits on .65 acres and has a lot of potential. The house was built in 1976, is on a septic system and the HVAC does not work. The property is vacant and there is a combo box. Call or text me at 205-500-1001 if you'd like the combo. You will have until 8pm CT Monday October 15, 2018 to perform an inspection and submit your offer. At that time, all submitted offers will be evaluated and no other offers will be accepted.

For more info, pics and videos visit: https://mailchi.mp/78f8c5f7a1be/vestaviaproperty-d...

This College Hills property is situated in a quiet historic neighborhood with well manicured lawns and friendly neighbors. It needs minimal work and currently has renters through the end of August. The home is just 2 minutes from Birmingham Southern College and I-20, and is less than 10 minutes from downtown. This 3/2 property is unique in that it's typically rented as a 2/1 ($725/mo) because there is an unused disconnected 1/1 downstairs that also has an nice sized unfinished area that could be easily turned into a kitchen. This property is essentially a duplex! Amazing opportunity for additional cash flow! There is also a part of the basement that can be easily sectioned off for a coin operated laundry facility to be shared by the tenants. I had a builder look at the property who validated this is a feasible option. This is a property that you've got to see!

Bedrooms: 2 upstairs - 1 downstairs
Bathrooms : 1 upstairs - 1 downstairs
Est. Rent: Currently $725/mo upstairs (could rent for up to $800). Downstairs could rent for $400/mo.

Sales Price: $36,000

Click here for a few more images.  

If you have any questions or if you'd like to schedule a time to inspect the property you may request information by sending an e-mail to [email protected].

Disclaimers:
(a) Please perform your own due diligence. (b) Property is being sold AS-IS. c) Price is based on a cash offer, and no financing offers will be considered. (d) Buyer has up to 7 calendar days in which to perform an inspection, and the inspection period ends after your first visit. (e) A $2,000 non-refundable deposit to be held by the closing attorney, The Law Offices of Jeff Parmer, at the time of contract execution. (f) Buyer agrees to pay all closing costs (excluding taxes owed by the Seller). (g) Closing shall occur within 30 days of contract execution. (h) The managing member of Southeastern Real Estate Investments, LLC is a licensed Realtor in the state of Alabama (#116883) holding his license with the brokerage ARC Realty. (i) All properties offered are owned by or are under contract with Southeastern Real Estate Investments, LLC. Properties not owned are available for contract assignment or are pocket listings.

@Clayton Mobley is there a qualified intermediary here in Birmingham, AL that you've used and liked?  Or do you know of one someone else has used and liked?  

Arsen, I've sent it to you.  Cheers!

I have an opportunity for someone to purchase an off-market 18 unit multi family property in Birmingham, AL.  It's across from a golf course, has a playground across the street and is close to a busy road with plenty of shopping and restaurants.  All units are 2 BR 1 BA.  This property is currently under management by a reputable management company.  If you're interested, please contact me - e-mail is best.

Philip Arthurs, CPA, Realtor

[email protected]

205.383.1207

5336 Stadium Trace Parkway, Ste. 110

Hoover, AL 35244

www.PropertiesInAlabama.com

arcrealtyco.com | A Relationship Company

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt

I’ve been offered unsecured credit from a company called Superior Commercial Funding, Inc. Has anyone used them? Any feedback would be much appreciated!

Thanks @Ryan Cox!

I’m looking for a good securities attorney who can review and provide an opinion letter for an offering memorandum I wrote. I want to ensure it was written in accordance with Regulation D of the Securities and Exchange Commission. Does anyone have any recommendations? I’m preparing to raise $5 million from investors that will be used, along with some debt financing, to acquire and run a few independent living facilities/apartments. Thanks in advance for the recommendations!

This might be a dumb question (I'm a new to this).  Do vacation rentals use cap rates for valuation?  I'm looking at a property in Destin, FL and I'm trying to determine an average cap rate for a condo located on the beach.  The agent I'm using there gave me a confusing answer making me think that it was a dumb question.  If not a dumb question, does anyone have a good answer for me?  Thanks in advance for your assistance.

Hi Molly! I'm an investor and a Realtor. The first 13 years of my career I've been a CPA. I live in Birmingham (Hoover) AL and am also interested in investing in multifamily properties. Call me when you have a second so we can discuss further. I'd potentially be interested in partnering on a deal or two if our goals are aligned. Regardless, I can still help you with your search. I can't put my contact information on here (posting rules) so feel free to look me up on our website or look at my profile here on Bigger Pockets. Hope to talk to you soon!