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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » Turn Key Properties- all cash flowing

Turn Key Properties- all cash flowing Subscribe to Turn Key Properties- all cash flowing

7 posts by 6 users

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Christopher Wong

Banker · Chicago, Illinois


Forum_avatar_avatar-cswbanker

Icon_minipost Mar 11 '09, 06:53 AM

I have a number of Turn Key properties available.

All 2-4 units
Chicagoland area

Please contact me for details.

Edited: 06/26/2010 at 07:33AM


Michael Rossi

Real Estate Investor · Ohio


Forum_avatar_avatar-mikeoh

Icon_minipost Mar 11 '09, 08:08 AM

Why not post the numbers? We'd all like to see them. Rents? Purchase price? Rehab needed?

Edited: 06/26/2010 at 07:33AM


Harrison Painter

· Indianapolis, Indiana


Forum_avatar_avatar-gogladiator

Icon_minipost Mar 11 '09, 02:06 PM

BiggerPockets also has a "Properties" area that is fantastic to post up your deals with photos, details, numbers, ect.

Thanks!

Edited: 06/26/2010 at 07:33AM


Christopher Wong

Banker · Chicago, Illinois


Forum_avatar_avatar-cswbanker

Icon_minipost Mar 12 '09, 03:47 AM

here are more details. Buyer incentives.

$340,000 Sales Price
2 Unit Property (3/1 and 4/1)
1 unit rented @ $1200/2nd unit will be rented @ $1200 (Both Section 8)

Annual Calculations
$28,800 Rental Income
($2,900) - Annual Property Taxes
($2,200) - Annual Insurance
($2,880) - Annual Property Mgmt (Upto Investor if they want Prop Mgmt)*
$20,820 - Net Operating Income

*Since its Section 8 and guaranteed rent from the government Investor may choose not to have property management to increase NOI.

Edited: 06/26/2010 at 07:33AM


Jon Holdman

Real Estate Investor · Denver, Colorado


Forum_avatar_avatar-wheatie
ModeratorPro

Icon_minipost Mar 12 '09, 04:24 AM

No maintenance? No vacancies? Never a problem tenant? I calculate the annual payment at $25,788, which puts this one way in the hole even with these optimistic expenses. Even a 20% down payment just gets you to break even. Where's the cash flow?

Edited: 06/26/2010 at 07:33AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Richard Warren

Real Estate Investor · Las Vegas, Nevada


Forum_avatar_avatar-rehab702

Icon_minipost Mar 12 '09, 04:27 AM

Jon, obviously he isn't talking about real cash flow but realtor cash flow. Rent is more than the PITI and it cash flows. It has nothing to do with the real world, just the realtor world.

:cool:

Edited: 06/26/2010 at 07:33AM


Jim Doine

Real Estate Investor · Myrtle creek , Oregon


Forum_avatar_avatar-cbear
Donor

Icon_minipost Mar 12 '09, 02:52 PM

LOL, good one Richard. :lol:

Edited: 06/26/2010 at 07:34AM


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