All Forum Posts by: Zach Lemaster

CHEAP HOME/EASY REHAB w/ HUGE PROFIT! IDEAL HUNTING & FISHING LODGE! PERFECT INVESTMENT HOUSE!

--$16,999 CASH! I pay all closing costs & taxes!

--Don’t miss your opportunity to buy this home at a steep 80% DISCOUNT! Prime hunting & fishing location 10 miles S of Devils Lake, with over 50 ponds for waterfowl hunting within ½ sq mile!

--Easy Rehab with large profit! Cosmetic repairs only! Good bones/foundation. Buy this home cheap w/ many investment options: Flip for over $50K profit or Rent for $650-$700/month or Rent as an exclusive hunting/fishing lodge or Live in for a Huge Discount!

--Price: $16,999. Rehab Costs: $14,000. APR (after repair value): $79,000-$87,000. Profit: Over $50,000 for flip! If using as rental Cap rate/ROI (return on investment): 28%! Beats the stock market any day, especially recently! Ask to receive comps & specifics on investment analysis.

--Major Repairs: New shingles (at least 1 side), paint (exterior & interior), flooring in ¾ of home (does have original hardwood still. Just need to clean out old antiques left in home.

--2bd/1ba, 1,300sqft, poured concrete foundation 1925, home rebuilt on same foundation in 1982. 7,000sqft lot. Updated furnace/water heater, window A/C unit, full basement unfinished. All appliances come with home.

--326 Sheyenne Ave, Sheyenne, ND 58374

--1st w/ CASH gets the home! Call/txt for questions/showings.

--701.595.0074

COSMETIC REHAB ONLY!  Call for more info 701.595.0074

@Glenn D.

@glenn d

Forgot to mention, this home is within 10 miles of the Air Force Base in Grand Forks with an expected increase in population of around 6,000 over the next 2 years.  This will cause a large increase in both rentals and home buyers.  We are also on the East side of ND, unaffected by what oil is doing in the far West.  Let me know if you have any questions.

-2bd/1ba, 1,360 sq st, single story, detached garage, fenced backyard, built 1940, original hardwood throughout! Comes w/ ADT security system!

Must see! Easy fix & flip or cheap home to live in, or you can resell immediately for more $ if you're patient! APR at $89,000! ($10K-$12K rehab). 40K+ flip profit or get over 30% Cap rate/ROI when holding as a rental!

Repairs: living room floor needs new carpet or you can use the original hardwood that's already there.  Lots of cosmetics, does need new water heater.

Taxes paid up to date ($268/yr), Clear title, baseboard heat, city utilities. Includes all appliances!

Must see! 1st w/ cash gets the home. $19,999 Cash.  I am the owner, don't have time to rehab this one.

Call/txt for questions/showings: 701.595.0074

http://www.zillow.com/homes/110-PROSPECT-AVE,-GILBY,-ND-58235_rb/

Home link to Zillow

Brandon, thank you for the advice!  Can you explain the process of sub-metered water?  Pros/Cons?

Chet, What is an expediter and how do I find one? What purpose do they serve? Thank you again for the input! We are currently looking into what is more cost effective and what with produce the best ROI & cash flow between apartments vs fourplexes. Any thoughts on this?

All, Thank you very much for the input.  This is why Bigger Pockets is such a valuable resource!  You get to bounce your investment ideas off of others to get ideas on area you may have not considered or may have not calculated correctly.  Cheryl, excellent evaluation!  I will definitely connect with you soon to talk specifics more!  Keep the input coming please!  We are constantly learning and specifying our plans!

#wesfertig