$35K Discount, $297.65 Positive Cash Flow Stone Mountain Deal
January 6th, 2009We have analyzed this deal to see how this particular single family home in Stone Mountain would be as a rental property. We try to research and analyze better than average deals for you to help save you time and money. You can read about what it is like researching properties for deals on your own in our article: Find Real Estate Deals is a Numbers Game.
Where is this property?
It is located in Stone Mountain, GA. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4112 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Atlanta Real Estate Resources Website featuring real estate investor articles and local deals.
Run your own analysis on this particular property. Use our new, FREE Offer Generator real estate investor tool to change our assumptions and use your own.
How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Stone Mountain area.
Learn to find motivated sellers using marketing in Buying Houses with Door Hangers. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4112 and they can give you the full details about this property and help you in purchasing it.
Notes:
The following was left as notes by the person that submitted the deal to us:
Just rehabbed property in northeast Atlanta with section 8 tenant literally just placed. Comps show strong equity and with current tenant in property cash flow should be quite strong.
Property Details
- Bedrooms: 3
- Baths: 2.00
- Square Footage: 1,836 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.
Income
- Gross Rent: $922/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $37/month (see Vacancy Estimates for more info)
- Net Rent: $885/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
An Analysis of 2.3% Appreciation Rate in Laredo
January 6th, 2009Here's another Laredo property that was submitted by a user that we will use as a teaching tool for our Laredo, Texas Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 4607 Monterrey Lp, Laredo, TX 78041.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 2.3% | |
| At Purchase | $68,439 |
| Year 1 | $70,013 |
| Year 2 | $71,623 |
| Year 3 | $73,270 |
| Year 4 | $74,956 |
| Year 5 | $76,680 |
| Year 6 | $78,443 |
| Year 7 | $80,247 |
| Year 8 | $82,093 |
| Year 9 | $83,981 |
As you can see from the table above, if we assume an appreciation rate of 2.3% per year, then the property value eventually reaches $83,981 after 10 years.
When you hear Dream Team, do you still think of Michael Jordan, Magic Johnson and Larry Bird dominating the court in the 1992 Barcelona Olympics? Well...how about your own all-star team of professionals making your real estate business run like a well-oiled machine? Want to know how to get started? Check out Jassen's CD Selecting Your Dream Team Members for some great pointers on finding and keeping your own MVPs in Laredo.
Until my next post,
James
Basic Real Estate Contract and Lots of Warnings
January 6th, 2009First, I strongly advise you to use the How To Get The Paperwork For Your Deal to get the right paperwork for your real estate investing from someone who is both local and can advise you on how to use the paperwork correctly.
I am NOT an attorney. I am not qualified to teach you contract law. I am not qualified to teach you how to fill out a contract. With that being said, I get requests all the time from real estate investors who ask me for a real estate contract they can use to buy property.
I strongly advise you again to use How To Get The Paperwork For Your Deal, but if you want a basic real estate contract to take to your dream team to get changes made that are appropriate for what you are trying to do and for your local laws and market then you can start with this very, very basic real estate contract.
I cannot stress the important of my warnings above to you: you need to learn the proper way to fill out a contract from someone that is qualified to teach that. I am not qualified to do so. You should have all your contracts reviewed by an attorney on your dream team that is representing you and your specific interests.
There are lots of real estate courses that will give you a contract to use and do not educate you, or even more frightening is they try to educate you in a few pages, on how to fill out a contract. It raises the hair on the back of my neck; it is that scary. While 9 times out of 10 you may be fine filling out a generic contract--even filling it out wrong. You'll only know how valuable this is when you run into a problem with your transaction and that could wipe you out completely financially if you did not get advice up front.
Until my next post,
James
Fort Wayne Rehab Deal: $63K Discount
January 6th, 2009We have analyzed this deal to see how this particular single family home in Fort Wayne would be as a rental property. We try to research and analyze better than average deals for you to help save you time and money. You can read about what it is like researching properties for deals on your own in our article: Find Real Estate Deals is a Numbers Game.
Where is this property?
It is located in Fort Wayne, IN. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4107 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Fort Wayne Real Estate Resources Website featuring real estate investor articles and local deals.
Run your own analysis on this particular property. Use our new, FREE Offer Generator real estate investor tool to change our assumptions and use your own.
How did we find this property?
We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Fort Wayne area.
Learn to find motivated sellers using marketing in Buying Houses with USPS Post Cards. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4107 and they can give you the full details about this property and help you in purchasing it.
The Story
Before we get into our full analysis, here is some of the interesting story for this particular deal: This property is located near Purdue University and St. Francis College.
Property Details
- Bedrooms: 4
- Baths: 2.00
- Square Footage: 1,344 (see square footage estimates for info)
- All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.
Income
- Gross Rent: $750/month (see Rent Estimates for more info)
- 4.00% Vacancy Adjustment: $30/month (see Vacancy Estimates for more info)
- Net Rent: $720/month
- NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.
Fort Wayne Distressed Property: $18.43 Per Square Foot
January 6th, 2009I want to share with you some information about a property in Fort Wayne located at 1309 Sinclair St. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
Let's take a closer look at some calculations for this 3 bedroom, 1.00 bathroom property located at 1309 Sinclair St that has an asking price of $23,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $27,600 (120%) | $22.12/square foot |
| $26,450 (115%) | $21.19/square foot |
| $25,300 (110%) | $20.27/square foot |
| $24,150 (105%) | $19.35/square foot |
| $23,000 Full Price | $18.43/square foot |
| $21,850 (95%) | $17.51/square foot |
| $20,700 (90%) | $16.59/square foot |
| $19,550 (85%) | $15.67/square foot |
| $18,400 (80%) | $14.74/square foot |
As you can see from the table above, if you know what a typical Fort Wayne property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Absentee Owners, or owners that own property in Fort Wayne, but have their tax bill sent to an address other than the property address, can be a great source of both motivated sellers and investor buyers. In the page on how to send out Absentee Owner Postcards on the Real Estate Investor Cookbook, you can find my own personal tips for working with Absentee Owners.
Sincerely,
James
Buffalo Discounted Property: $17.68 Per Square Foot
January 6th, 2009We just had a researcher submit some very basic information about a house for sale in Buffalo to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Buffalo, New York Real Estate Resources is located at 224 Newfield St, Buffalo, NY 14207.
This 3/1.00 1,188 square foot property has an asking price of $21,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $25,200 (120%) | $21.21/square foot |
| $24,150 (115%) | $20.33/square foot |
| $23,100 (110%) | $19.44/square foot |
| $22,050 (105%) | $18.56/square foot |
| $21,000 Full Price | $17.68/square foot |
| $19,950 (95%) | $16.79/square foot |
| $18,900 (90%) | $15.91/square foot |
| $17,850 (85%) | $15.03/square foot |
| $16,800 (80%) | $14.14/square foot |
As you can see from the table above, if you know what a typical Buffalo property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Does 224 Newfield St look like a good deal to you? If not, have you used the Offer Generator to see what it would take to make it work? If you could get this property at the right price, how would you go about marketing it?
Sincerely,
James
Lincoln Deal: $133.67 Per Square Foot
January 6th, 2009I want to share with you some information about a property in Lincoln located at 7420 S 16th St. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
I am going to do do some calculations on this Lincoln property. It is a 3 bedroom, 1.80 bathroom property located at 7420 S 16th St that has an asking price of $156,800.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $188,160 (120%) | $160.41/square foot |
| $180,320 (115%) | $153.73/square foot |
| $172,480 (110%) | $147.04/square foot |
| $164,640 (105%) | $140.36/square foot |
| $156,800 Full Price | $133.67/square foot |
| $148,960 (95%) | $126.99/square foot |
| $141,120 (90%) | $120.31/square foot |
| $133,280 (85%) | $113.62/square foot |
| $125,440 (80%) | $106.94/square foot |
As you can see from the table above, if you know what a typical Lincoln property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Knowing how to analyze a deal like this one in Lincoln is crucial to your success as an investor. But so also is knowing about the different types of opportunities available for investing in real estate. Learn all about short sales in Jassen Bowman's audio CD Investing in Short Sales and take advantage of the current surplus of short sales available in today's real estate market.
Until my next post,
James
Sacramento Discounted Property: $16,000 Per Bedroom
January 6th, 2009We just had a researcher submit some very basic information about a house for sale in Sacramento to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Sacramento, California Real Estate Resources is located at 80 Bentley Ave, Sacramento, CA 95823.
This 2/2.00 1,350 square foot property has an asking price of $32,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $38,400 (120%) | $19,200/bedroom |
| $36,800 (115%) | $18,400/bedroom |
| $35,200 (110%) | $17,600/bedroom |
| $33,600 (105%) | $16,800/bedroom |
| $32,000 Full Price | $16,000/bedroom |
| $30,400 (95%) | $15,200/bedroom |
| $28,800 (90%) | $14,400/bedroom |
| $27,200 (85%) | $13,600/bedroom |
| $25,600 (80%) | $12,800/bedroom |
As you can see from the table above, if you know that rents in Sacramento can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Consider this: if you receive two advertisements in the mail - one that has been mass produced and one that appears to be written by hand - which are you more likely to read? Well...if you'd like your marketing message to come into the hands of potentially motivated sellers with this same advantage over the rest of the stuff they get in their mailbox everyday, then you need to check out Jassen's Audio CD Buying Houses with Hand Written Letters. The team at Sacramento, California Real Estate Resources has used this technique many times in several diffent markets - trust us - it works.
Until my next post,
James