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All Forum Posts by: Richard A Mandis III

Richard A Mandis III has started 5 posts and replied 17 times.

Quote from @Davin Manfredi:

For somebody who is looking for their first property, I am thinking about starting an LLC to reduce my liability. Should I look at starting an LLC immediately, or would it be better to wait?

Start immediately not just for all the excellent reasons posted thus far. But mentally for yourself it’s proof to yourself you are an investor. 

Post: 🪴CONTRA COSTA COUNTY FIX N FLIP✌🏽CLEANED OUT READY TO GO🟢

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

♻️FLIP OPPORTUNITY IN CONCORD♻️

💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸

☑️ SINGLE-FAMILY PROPERTY

4bd 2ba

1,340 sqft

ARV $700k

Garage

Vacant

Access by Appointment

Long term rental rates in the area = $3,200 - 3,600

Potential Mid Term Stay as Concord Medical Center is close proximity

Asking $495k

Photos👇🏼

https://photos.app.goo.gl/9SSg...

✅ TRASH REMOVED 🗑

✅ DEMO DONE 💪🏽

✅ BLANK CANVAS TO MAKE IT YOUR OWN 🖼

✅ QUICK DRIVE TO MT DIABLO ⛰

✅ 5 MIN BIKE TO CONCORD MEDICAL CENTER 🏥

Email [email protected] if interested 

All deals cash or hard money only. I am selling my assignable contract with the seller of the property. I am not a realtor. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $750 closing fee to Open to Close for transaction coordination.

Post: ✌🏽🏠 TWO HOUSES 1 PARCEL IN GALVESTON 🏖 GREAT RENTALS 💸

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

✌🏽TWO HOUSES 1 PARCEL IN GALVESTON✌🏽

💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸

HOUSE 1 🏠

3br/2ba

1,534sqft

Property Features:

Upstairs

1Br/1ba

Kitchen

Dining/office

Living room

Downstairs

2Br/1ba

Living room

Laundry room

HOUSE 2 🏠

3br/2ba

1,544sqft

Property Features:

Upstairs

2Br/1ba

Living room

Kitchen

Downstairs

1Br/1B

Living room

Laundry room

Access by Appointment

Asking $399k

Photos👇🏼

https://photos.app.goo.gl/8jej...

✅Two houses on one lot with endless possibilities♻️

✅Each house has a separate/private entrance for upstairs and downstairs😎

✅Small courtyard between the two houses- add outdoor patio or firepit🪴

✅Easy rentals for medical/nursing students, residents or traveling healthcare personnel🏥

✅Great location for short or mid term rentals🏖

✅Great neighborhood minutes from UTMB; downtown; beach and Pleasure Pier🤩

✅Located across from Adoue Park with great views🖼

Email [email protected] if interested 

All deals cash or hard money only. I am selling my assignable contract with the seller of the property. I am not a realtor. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $10,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $750 closing fee to Open to Close for transaction coordination.

Post: ✌🏽GREAT RENTAL IN GALVESTON 🏡 MINIMUM TO NO RENO 💪🏽

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

🙌🏽 BUY N HOLD IN GALVESTON RENT READY 🙌🏽

💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸

☑️ SINGLE-FAMILY PROPERTY

2bd 1ba

972 sqft

ARV $240k

Detached 2 Car Garage

Covered Patio

Vacant

Access by appointment

Asking $215k

Photos👇🏼

https://photos.app.goo.gl/zRjq...

✅All Kitchen appliances and some furniture included

✅Minutes from Galveston College, UTMB, Seawall, Pleasure Pier, Beaches

🚨This property is a great buy and hold for Short, Mid or Long Term rental. Located 10 minutes (3.6 mi)

from UTMB, it is a quiet escape for Medical Students, Residents, Fellows, Nursing Students, Nurses,

other medical personnel or college students.

All deals cash or hard money only. I am selling my assignable contract with the seller of the property. I am not a realtor. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $750 closing fee to Open to Close for transaction coordination.

Post: Multifamily Detached Additional Dwelling Unite (DADU)

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

☀️AMAZING MULTIFAMILY D-ADU OPPORTUNITY IN RED BLUFF☀️


💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸

☑️ 3 SINGLE-FAMILY PROPERTIES ON 1 PARCEL!! 🤩

ASKING $389K

#1🏡 1515 walbridge

2/1 900 sf

Tenant Occupied Paying $700/month

Month To Month Lease

Market Rent $1250

$225K ARV

1515 Walbridge Inspection

#2🏡 1545 4th

2/1 900 sf

Vacant

Market Rent $1250

$225K ARV

1545 4th Inspection

#3🏡 1559 4th

3/1 1146 sf

Tenant Occupied Paying $800/month

Month To Month Lease

Market Rent $1700

$286.5K ARV

1559 4th Inspection

Access By Appointment

(Please be respectful of others living in and/or around the property)

Total Long Term Rental Income Current Market Rates = $4,200 per month

AIRBNB < 1.0 mi $2,200 per month for a 2/1 x multiply by 3 $6,600 gross per month

Total ARV = $736,500

*After rehab this is an 9% PRO FORMA CAP RATE

*POTENTIAL PROFIT OF OVER $200k for fix and flip!

✅GREAT PROPERTY FOR ALL STAGES OF INVESTORS

✅MULTIFAMILY D-ADU VALUE ADD

✅WITH PROPER APPROVAL FROM PLANNING DEPARTMENT THEORETICALLY COULD SUBDIVIDE*

*PLEASE DUE YOUR OWN DUE DILIGENCE

✅WALKING DISTANCE TO RED BLUFF HIGH SCHOOL

✅10 MIN DRIVE TO MAIN ST & INTERSTATE 5

✅QUICK ACCESS TO SACRAMENTO RIVER 🏞

✌🏽WE CAN ALSO REFER CREWS TO DO THE WORK IF THAT LOOKS LIKE HELP TO YOU✌🏽

Rich Mandis

Universal Property Solutions

Phone: 609 217 7315

Email: [email protected]

All deals cash or hard money only. I am selling my assignable contract with the seller of the property. I am not a realtor. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $750 closing fee to Open to Close for transaction coordination.

Post: sourcing buyers for off market deals

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

I run a disposition company Brandon, I can dispo nationwide. There's many systems and processes that I use to reach out to buyers nationwide. Let's connect man and get those contracts to the finish line!

Post: gatherings networking meet ups

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

I just posted a meet up I’m hosting at Cooper River Park Pennsauken, Nj Corner of S Park Dr and US-30, 7/21 @4p it’s free and I’ll have burgers and hot dogs. I posted the event in the meetup section on BP if you check out the top banner under network. “Subto Family BBQ Real Estate Networking Event” Hope to meet a lot of the local BP family there as well. 

📢Attention all investors!! Come all realtors, wholesalers, fix n flip, buy and hold, note investor, private money lenders, contractors, developers, and anyone else involved or wanting to be involved in Real Estate…now is the time!!! ⏰

Great timing to connect and collaborate with others 🫱🏼‍🫲🏾 to navigate this rapidly changing market. Come get some food 🍔🌭and drinks 🥤 and learn how you can work with members of the Subto Community ✌🏽led by Pace Morby who knows the in’s and out’s of Creative Financing (subject to, seller financing, and many more exit strategies). You don’t want to miss this 🚀 “Your network is your networth!!” 🤯

🚨 If you are new 👋🏽 here’s a great opportunity to get your feet wet and network with high level individuals

🚨 If you are seasoned learn how you can work with people that know their way around creative financing and can help you achieve larger gains 💪🏽

Contact: Rich Mandis

Phone: 609 217 7315

email: [email protected]

Safehouse Title Agency

www.Safehousetitle.com
 

Emily and Haley are awesome, I closed a creative deal last week and another one this week. Best of luck on your journey pm me to connect! 

Post: Title company / Attorney

Richard A Mandis IIIPosted
  • Investor
  • Delran, NJ
  • Posts 19
  • Votes 4

Echo Bruce NJ is a title company state. I use Safehouse Title Agency out of Matawan, Emily is awesome and very knowledgable. Check them out 

www.safehousetitle.com