All Forum Posts by: Steven Skinner

CASH ONLY!

4bd, 3b

2,450 SQFT

$72,000 purchase

$8,000-10,000 rehab (contractor estimate)

$131,000 ARV

$7,800 commission

$42,200 profit (minus holding costs, estimated at $400-800)

Located in Calhoun, GA 30701.

Call/text or email me. This one's gonna be gone fast.

(706) 383-7414 & [email protected]

CASH ONLY!

Property is located in Calhoun, GA; just north of Atlanta.

I can provide contacts for remote (out-of-state) buyers to the leading professionals in this area, as well as offer any assistance you need that I can help with personally.

This is a great investment property that I'll have under contract very soon (closing attorney is already writing up purchase agreement). I'm the only one with access to it; and that isn't just marketing hype, it's true.

PROPERTY INFO:

• Bed: 4
• Bath: 2.5
• Square Footage: 2200
• Exterior: Brick
• Last Renovated: 2014
• Rental Income: $940/mo (lease expires March 31, 2016)

PURCHASE & SALE INFO:

• Price: $99,300
• Value: $124,000 according to my own CMA. I have two local realtor CMA/BPOs putting the value at anywhere from $119,900-$133,000 which I can provide you with. These were their "sell quick" amounts, which I specifically asked for. I chose realtors that are controlling the Calhoun, GA area; these aren't just randoms with a license, so you can feel comfortable with the numbers they've provided.
• Average Time on Market: 60-90 days for this area in this price range.
• Approx. Holding Costs (if sold within 3-6 months): $442-$884
• Rental Income (if sold within 3-6 months): $2,820-$5,640
• Realtor Commission: $7,440 ($124,000 x 0.06%)

RECENT (2014) RENOVATION:

• New HVAC unit, new appliances, new carpet, new roof (2011), newly remodeled bathrooms, new master bathroom.

I'll have the property under contract soon, likely within 7-10 days, and at this point can supply you with recent photographs (post-rehab) of the interior and exterior alike, as well as the address of the property itself. You're going to be profiting nicely from the rental income while you're selling this property, so there's no holding costs headaches. And yes, this could absolutely be an incredible cash flow property if you so choose.

At the end of the day, this is the kind of property investors are looking for every singe day, and I look forward to working with you on it. I'm giving the B.P. community first dibs before I blast it out to the world, so don't hesitate to get involved. Private message me now.

Thanks,

To touch on the specifics, these properties are located in Georgia.

Particularly northwest Georgia around Atlanta, within the following counties:

Dade, Walker, Catoosa, Whitfield, Chattooga, Gordon, Floyd, Bartow, Polk, Paulding and Cobb counties.

Properties currently on-hand at this time are located in Gordon and Chattooga county. The numbers are great, which is why I'm looking for a (hopefully permanent) lender to work with these houses on as quickly of a pace as possible.

Do not ignore or overlook these deals! Email for more information.

To touch on the specifics, these properties are located in Georgia.

Particularly northwest Georgia around Atlanta, within the following counties:

Dade, Walker, Catoosa, Whitfield, Chattooga, Gordon, Floyd, Bartow, Polk, Paulding and Cobb counties.

Properties currently on-hand at this time are located in Gordon and Chattooga county. The numbers are great, which is why I'm looking for a (hopefully permanent) lender to work with these houses on as quickly of a pace as possible.

Do not ignore or overlook these deals! Email for more information.

@Sean Richway

Sure, I'll shoot you over an email within the evening and we'll see what we can work out. Thanks for the interest.

@Michael Noto

 I was going to let my location do the talking for me, but that's a good call; hadn't thought about the keyword feature. Thanks for that.

Colleagues,

I have investment properties readily available at steeply discounted prices. I'm currently seeking private/hard money lender(s) to work with on a one-time or full-time basis (preferably the latter).

Contact me without delay if you are a real player and are ready to see the numbers.

Colleagues,

I have investment properties readily available at steeply discounted prices. I'm currently seeking private/hard money lender(s) to work with on a one-time or full-time basis (preferably the latter).

Contact me without delay if you are a real player and are ready to see the numbers.

@Dyryl Burnett

One of the simplest strategies you can put into play for yourself without any sort of cash to provide upfront, would be to work with a master lease, or a "sandwich" lease. Find distressed properties in your area, perhaps ones with grown up yards or broken windows, then proceed to contact the owner of the property; pre-foreclosures are ideal, as well. Figure out what they owe on the property, if anything, and present to them an opportunity to have their property rented out for either takeover payments of their mortgage, or a monthly cash flow amount. You're responsible for the management, repairs, etc., but you'll have a strong cash flow from each individual property in that you get the entire amount leftover after their mortgage payment, or the amount predetermined by you and the owner if they owe nothing.

• e.g., $700 rent - $391 mortgage payment = $309 cash flow.

Another option you'll have, is to rent the property out on a lease-purchase/lease-option, or a "rent-to-own." With this, you'll receive a nonrefundable option-fee upon the tenant signing their lease. This amount varies anywhere from 1-5%, typically. Now make sure you only do this if you have a lease-option with the owner, rather than a regular lease, otherwise you won't be permitted to sell the property at all. Though, if this is how you choose to work it, you'll also receive an amount at the expiration of both leases, provided your tenant signed a lease-purchase or decides to exercise their option to buy on the lease-option.

• e.g., $70,000 tenant purchase price - $52,000 your purchase price = $18,000 profit.

Again, this is contingent on each of you having a lease-purchase/lease-option agreement in place. So, realistically, you can be as involved as you'd like. Keep in mind a typical term for this sort of lease is anywhere from 2-5 years. You stand the potential of receiving cash upfront, monthly cash flow, and a large lump sum at the end. All without having to fork over any of your own money. Hope this helps!