All Forum Posts by: Peggy Beene

Any PinPoint users out there?

This was a foreclosure from an HOA. @Wayne BrooksYes the 2% rate was indeed the result of a loan mod.  Thank you for that information about "deferred". I will definitely be checking that out. 

I have an opportunity to purchase a property via redemption, out of foreclosure in Scottsdale AZ. I am needing somewhere between $35,000 - $40,000 to complete the redemption. Property still has a 1st mortgage on it and I am taking it over subject-to, which has a 2% interest rate. The property has $250,000 conservatively in equity and is valued at over $900,000. No rehab is necessary. Exit strategy is to rent out the property.

Does anyone know a lender who will do a 2nd position private or hard money loan?

Thank you for any feedback.

@Rick H. I see now you posted multiply times in this thread.  I am referring to the first post with the "marketing" quote.   I bet I'll like you're others too....

@Rick 

@Rick H.   I really enjoyed reading your post.  Great info and reminders.

Off-Market 25-unit property (18 units MF & 7 units Retail).  For more  Property Information Click here.  www.ohiomfproperties.com

Please contact me for address and to be put in touch with the seller.

Thank You!

I got it John, thank you!

Hi John,

I will have the seller email you directly.  May I please get your email?

Thank you,

Peggy

18 units residential multi-family, 7 units commercial all in one.

Solid C+/B class units in a very desirable suburb of Cincinnati right by major commercial chains (Planet Fitness, Autzone, CVS, HotHead Burrito, Donatos, BK, etc). Near all restaurants, schools, shopping, library, the mall, YMCA, banks, etc.

If you are (or represent) an active cash, 1031, IRA, or 401K buyer ready to buy, reach out today! This one will be sold by Monday guaranteed.

Price is firm at $795K. $150K Rehab. Happy to work with referral partners, add your fee on top. Gross monthly income will be $15K+ after rehab/lease up. Expenses are very low as tenants pay nearly everything! HUGE CAP Rate, GRM, and ARV Appraisal.

This is value-add due to owner not having funds to repair for years now. Must be cash and understand value-add. Financials are spotty for obvious reasons or we'd be selling at $1.5-1.6MM.

Management, GCs, and rehab crews in place ready to turn this into an absolute cash cow!

Axel, you sure are an inspiration!  Congratulations on an awesome deal, awesome post and here's to an awesome future!