All Forum Posts by: Sean Katona

I'm looking to wholesale or J/V on an Off Market commercial building in Cleburne, TX (30 miles to downtown Fort Worth, Texas). I'm under contract for $450k ($28/ft) & BPO on hand for $808k (motivated seller needs to liquidate due to family/health issues).

Currently a roller skating rink; steel constructed building built in 1970 at 16,516 sq/ft on 1.089 acres per survey. Completely updated with newly remodeled bathrooms and kitchen. Easily repurposed as event center, health club / gym, indoor soccer, etc.

Please ping me if you are interested or know someone that is. 30 days DD, 30 day close. [email protected] / mobile: 425.444.0434.  Lead came in through my website.

Hi Karmin, I'm seeking a commercial property right now.  Would be happy to review the deal with you - please shoot me an email with some preliminary details.   

Nicely done @John Cohen!!  

• Did you keep track of how many touches on your mailers?  1st, 4th drip etc.?
• Are you starting with a Letter of Intent, or going straight in with a Purchase & Sale Agreement?  
• Curious how aggressive your terms were too - short due diligence? 
• Did you ask the owners about carrying back?

again, awesome.

Greeting Greater Seattle BP'ers!  I wanted to get a feel for what the active folks (the hustlers) are up to around town...

1.) What are you working on right now? (new wholesale?, flip? mail campaign?)
2.) What are you stuck on or frustrated with?
3.) A recent win or something you're proud of we can celebrate together?

For example, we are:

1.) currently finishing up flips in West Seattle and Issaquah
2.) want to meet a new wholesaler and contractor
3.) I hired two rockstars to join my team (Acq Manager & Ops Manager)

I have a property tied up in Jackson County that am looking to wholesale.

Address: 3605 Beacon Ave, Kansas City, MO 64129

ARV: $40-$50k

Estimated Repairs Needed: $10-15k

Purchase Price: $20k (includes my fee)

3 br 1 ba 1180 sq. ft.

Lot size: 3484 sq. ft.

Rents in area are $650-700/mo

I am located in California so will not be able to show property.

Investors will have to conduct their own due diligence.

Please let me know

Thanks

P.S. Message me for pics

Got a Lead off my website. Its a small single family home that was inherited.

-3 br 1 ba sq/ft unknown

-was renting for $500/mo. tenant paid all utilities

-vacant

-fenced yard

-Unfinished garage

Repairs Needed:

-flooring

-paint interior

-no appliances

-electical

Purchase Price: $21k

Run your own numbers for ARV (tax assessed for $26k)

For questions please send us an email at [email protected]

https://drive.google.com/folderview?id=0BwdlrSRVcBrUdUpfZ3hGWmUtUVk&usp=sharing

Thanks,

Sean

Hello BP, I've been enjoying the podcasts and done lots of reading over the last few months, but this is one of my first posts. Quick intro from me: I have 2 cashflow rental properties in Dallas, TX - a duplex in Seattle (where I'm from), and I'm flipping 8 properties now in Southern California. I do a lot of marketing to homeowners via yellow letters, bandit signs, and online advertising.

Last week I was contacted from my website (SeanBuysHomes.com) from a homeowner in Memphis, TN looking for a quick cash sale. (Not exactly sure why I popped up because I go for Los Angeles / Orange County keywords and geotargeting, but nevertheless, I have his property under contract currently.

It looks like a great return as a buy&hold rental if you are a landlord or rehabber. I'm looking to make a nominal assignment/wholesale fee for tying this up (included in $10k purchase price). I've highlighted the deal below, and I have a property overview document drawn up and can send you a preliminary title report if you're interested.

Thanks,
Sean

Single Family Home: Turnkey Cash flow Rental Property

Background

• Current owner (landlord) needs to liquidate this property quickly to free up cash for his other properties.
• Deal Source: Seller called me directly from my website (SeanBuysHomes.com)

Overview

·$35,000 estimated value

·$10,000 cash purchase price (includes assignment/finders fee)

• Current rent is $450/month, tenant pays utilities.
• 768 Sq Ft on a 4,800 Sq Ft lot, 2 bedroom, 1 bath built in 1945
• $13.02 cost per sq/ft

·$3-5k potential maintenance costs

·http://www.zillow.com/homedetails/2112-Curry-Ave-Memphis-TN-38108/42157327_zpid/

·APN: 041-052- - -00046

• Tenant in good financial standing - prepaid 4 months of rent (this summer)
• Tenant works for school system

• Property Notes
• Kitchen floor has a bow in it.
• Property has new central air/heat. Needs condenser for A/C.
• Small leak in the laundry room ceiling
• Owner and tenant will work with me/buy to schedule time for a walkthrough as needed

Is this Bob Diamonds system?

Hi folks, I received a call this morning from one of my marketing pieces -- from a HIGHLY motivated seller of a Mobile/Manufactured Home in Paramount, CA. The community is called Golden State Mobile Park.

16601 Garfield Ave.

I have zero experience with Manufactured Homes it's a Barrington. I visited the property today, met with the seller who is chomping at the bit for me to get them out of this (they are behind $4k on their rent, which is around $700/month for the spot), parents are elderly and ready to move in with relatives.

Is this something that I can buy, list and flip like a traditional property?
Could I do a lease option on it?
How do you comp these?
Is there another investor out there who I could Assign this to and collect a finders fee?

I have 40 pics that I took of the property this morning-

Please give me a shout.

Thanks,

Sean Katona
323-546-8003
[email protected]