All Forum Posts by: Gary Alford

What city are they looking in?

I'm not a agent but I wholesale in the area. I would be more than happy to help in anyway that I can. Are they looking for a place to call home or an investment property?

Gary

Calling all Landlords and those that love creative financing options! 

Terms has changed and you can now have this for only $62,500 out of pocket at closing and the owner will carry back a note for the remaining 35k with a 2.5% interest rate amortized at 30 years for a 5 yr term with balloon payment due at the end. Month;y payments around only 135/m. 

So if you invest in rentals or like to sell on owner financing in Hampton, Virginia this is for you. Looking to close fast so must have cash! 

Norfolk, Newport news, Hampton, Hampton Roads, Yorktown

2534 Grandy Ave Norfolk, VA 23509 $55,000
Calling All Hampton Roads Investors! 

This home sits on a good quiet block of Grandy Ave with rehabbed and new construction homes near by. If you are a Norfolk investor and know your cost you know there is money here to be made. Check out the details below and let me know if you want to see it in person.

3 bedroom/1 bath
980 sqft
Estimated Rehab ARV: 130k-169k
Estimated New Construction ARV: 200k-230k
Asking Price: $55,000
Repair cost may differ depending upon your vision and business setup but this home needs a complete rehab or you can tear down and build a new and bigger home. Please feel free to schedule a time to see it to get a chance to estimate your own cost.

Check out the video tour

Cash buyers or hard money only and must be able to close quickly! $2,500 non-refundable EMD and signed Assignment agreement required to make this yours. Be sure to do your own due diligence and feel free to contact me for further details at (757)354-4472 or by email at [email protected].

Disclaimer: I am not the owner of said property nor do I represent them as a broker. I am the contract owner and will be assigning my rights to purchase.

Looking for great wholesale deals in Hampton Roads, VA (Norfolk, Hampton, Newport News, Virginia Beach, Chesapeake) add yourself to my buyers list to be among the first to get your hands of them at:

http://www.cash4housesva.com/go/hr-vip-buyers-list/

 @Bill P.

Your concerns are just and understood. Especially when it comes to not seeing the inside. The owner is still waiting to receive the note to give to me. However, here is the answers I have for you now: 

House is assessed at 130k and taxes are $1,675.72

What are you asking about the homeowners insurance exactly?

Current interest rate is 2.5% and according to owner it has never been over 4 and some change. I will see the adjustment schedule when I receive the note and then it will be provided to interested persons. 

 Yes I am direct to seller and I hold the contract and the house is held in her companies name. She is a licensed Realtor and property manager here but have family issues and this property is further than the others she owns from her home so she wants it gone. 

I also just realized I did not put the pics in the post so here they are

As far as comps you have to make adjustments because all the comps around it are either bigger, in worse condition, to far or are recent rehabs. So in these situations I Normally suggest for everyone look up their own info and make their own estimates. Also it comes up as a townhouse in records and online but is definitely a SFR.

Let know if you have anymore questions and I will update you with the other info about the loan when I get the note.

Gary

P.S. All Hampton Roads (Norfolk, Hampton, Virginia Beach and Chesapeake) investors and those from anywhere that would interested in more deals like this and better add yourselves to my Buyers List to get updated on great investment wholesale properties.

Great Opportunity to add to your portfolio a well maintained cash-flowing property for only $10k! Check it out

3 bedroom/1 Bath
1,324 sqft
.25 acre corner lot
Market Value: $120-130K
Loan Balance: $103,400
Monthly Payments (PI): $557.83
Monthly rent: $1,144 on a m/m lease but has been there for over 2 years
Section 8 pays $976 and tenant pays remaining $168
Market Rent: $1,000-$1,100
Asking Price: Only $10,000

• This house has new windows that were installed earlier this year and has a transferable warranty.
• Nice wood floors throughout the house
• Well maintained
• Home Warranty fully paid and just renewed.
• Tenant pays all utilities
• Tenant's section 8 just re-approved in August
• Mortgage to be assumed is a Wells Fargo adjustable rate Mortgage and based on the Libor
• All documents can and will be provided to serious buyers
• Must be willing to purchase without visual interior inspection as not to disturb tenant further but can feel free to drive by anytime
• The only thing tenant complained about when viewing property is the patio windows which were not the ones replaced.

This is a contract assignment deal. $2,500 EMD and signed assignment agreement is required to lock up contract. Must be able to close fast and with cash. For further details call or email.

Disclaimer: I am not the owner nor claim to be the owner of said property. I am a contract holder that is willing to sell my position in the transaction. As I provide as much info as I can, due diligence and the decision to purchase is the responsibility of the contract buyer.

Hello BP,

I have a contract on a great rental opportunity in Hampton available. If you like to buy, do very little work and get tenants paying rent quickly. This one is for you!

This house is in very good shape and in a great neighborhood. Nice hard wood floors throughout the house and carpet in the bedrooms that would need to be replaced or thoroughly cleaned.1 or 2 kitchen tiles need to be fixed and it could use some paint. Do not just take my word for it, check out the pics or go see it for yourself.

1106 Lodi Ct

Hampton, VA
3bd/1bth
1,552 sqft
Asking Price: $98,500
Estimated Repairs: $5,000 or less
Estimated rent: $1,100/month

ARV: $120-140,000 Must be able to close quickly. $1,500 EMD required along with signed assignment agreement. If both are not in deal is still on the market.

If you are looking for rentals or rehab projects In the Hampton Roads, Virginia area       (Virginia Beach, Norfolk, Portsmouth, Hampton, Chesapeake, Newport News) add yourself to my buyers list and be among the first to hear about my wholesale deals.

More and better deals to come!

-- Join My Buyers List

I would say the most popular in the area is L.T. Caplan (757) 523-0023. A lot of the investors in the area use him and so have I. They actually move pretty quickly and prices are pretty good.

Are you starting to buy in the area? I'm a wholesaler here and would love to add you to my buyers list.

Hello All,

I have a great rental deal under contract In Darby, Pennsylvania minutes outside of Philadelphia in a quiet little area. Check out all the details below and let me know if you are interested and would like to go see it and I will give you the lockbox code.

651 Columbia ave Darby, PA 19023
3bd/1bth
1,284 sqft
Approximate repairs (rental): $10-15k

Approximate repairs(rehab): $30k
Potential rent: $800-900/m
ARV: $65-70k
Price: $12,500 OBO

The Roof was done a few years back. The downstairs is in good condition just mostly needs appliances in kitchen, a little floor work and maybe some paint. The upstairs will need drywall done, maybe a new tub (but not a must) and a little sprucing up the wood floors. Then boom move them in and collect that rent!

Here is the link to the rest of the pics I have:

https://www.dropbox.com/sh/rmjzb9b25dc4vmi/AAAoRFbBntxkTFYY5AbJSdina?dl=0

Buyer pays all closing cost including back taxes owed of approximately $6,032. A $2,500 EMD is required.

Disclaimer: I am not the owner of the said property nor am a in no way claiming to sell it. I hold a contract to purchase in which I am looking to assign/sale to another party.

Hello all,

I have a property under contract in Darby, Pennsylvania and find myself in a bind. I need someone in the area or close by in Philadelphia that can go put a lockbox on the property for me. The owner is moving today and I would need this done today. . I am willing to pay someone to do so. Had someone lined up to do it but he has seemed to dropped off the face of the earth and is not answering calls, text or emails. Please if you can help give me a call (757) 354-4472 ASAP 

Gary