All Forum Posts by: Austin Faux

Has anyone ever done traditional Bandit signs around Denver, Colorado?  I'm curious on how effective it was, and was it worth your time?  

Thanks,

Austin-

@Bobby R.@Mike Anderson Can you tell me a little more about your IFTTT system?  What specifically do you use, and is there a walkthrough of any sorts?

Thanks!

We've got a great investment property 4 BLOCKS from Illinois College, and we're even offering Seller Financing. You can buy cash and flip it for profit, or hold for great rental income!

Highlights:

• 4 Blocks from Illinois College
• Seller Financing Available
• Repair Estimate: $50,000
• ARV: $110,542.50

Call Now: 720-903-3600 Ext.102

More Pictures at: 

Property Details:

502 S Prairie St. Jacksonville, Illinois (Pictures Below)

4 Beds 2 Baths - 1530 sqft. - Lot: 7840 sqft.

Payment Details:

Cash Purchase Price: $13,000

• w/$5,000 Non-Refundable Deposit

Seller Financed Purchase Price: $18,000

• w/$5,000 Non-Refundable Down
• $13,000 Seller Financed @ 6% over 4 years = $305.31 monthly payments!

Comps:

Since the property is pretty much gutted on the inside you can mold the bed, bath and floor plan pretty much to your liking. As such there is a 3/3 property that sold for $130,000 that had some light rehab done according to the pictures. Alot of the homes around the college campus which have had some rehab are selling between $100,000 - $130,000. You can also click the links to see the comps yourself:

$130,000 (528 Rosedale Blvd) $86/sqft

$126,000 (17 Greenbriar Dr.) $77/sqft

$110,000 (861 W State St) $64/sqft

$110,000 (1008 Grove St.) $62/sqft

Avg Sqft = $72.25 x 1530sqft = ARV $110,542.50

Repairs: $50,000

• Demo interior walls
• Replace Roof & Siding
• Wrap Windows with Aluminum
• HVAC: Furnance Central Air and Ducting
• Paint & Flooring in Bed, Bath, Kitchen
• Plumbing Fixtures Upgraded

Rental Numbers:

Rents = $1033/month (3+ Beds)

Call Now: 720-903-3600 Ext.102

More Pictures at: 

@Stanley E.@Matt Anderson @Eric Metz @Thomas Chapin @Diane Trotter @Mike Reece love to get your two cents ;D

Alright I got the property under contract.  The address is: 810 N H St, North Little Rock, AR 72114.

I'm having a little trouble finding comps though. Would love to get anyone's two cents on what the ARV would be? The median home prices in that area according to NeighborhoodScout.com is around $56,000.

Thanks,

Austin-

Welcome to our Denver BP community!  I look forward to meeting you at a future meetup

@Paul Thompson That's some great info!  Thanks so much.

Austin-

Welcome Igor!  We actually have a meetup tonight at the Dener Bicycle Cafe 1308 E 17th Ave Denver, Co at 6:00pm if you're interested.

See you there hopefully!

Austin-

@Mike Jimenez it's in North Little Rock

@Lee Verdon Any updates on this?  I've got the same question.  I've got a guy who has said yes but I haven't sent over the purchase agreement yet because I'm trying to figure out if I need to do escrow or not, and if so do I need that in the contract.  If I don't get a positive answer one way or another by mid-day today I'm just going to send him something without earnest money/escrow in the contract....lol.

The other thing is the person who said yes is in a completely different state then what I normally try to do stuff, and I don't know any of the title co/closing attorneys out there.  So I'm wondering if I can just get a random title co to do the escrow but if need be use a different title for closing if I like them better....lol.  Maybe that's a jerk thing to do.