All Forum Posts by: Melissa Nash

@Philip Klinck are you looking for flips or buy and holds? What states are you looking in? 

@Justin Rodgers Hi, Justin. Congrats on your first purchase. We buy and rehab properties in Birmingham, and we also have construction crews and property management and leasing team out there. If you need any advice LMK, we buy about 30-50 houses a month in Alabama. We also pay generous commissions if you find properties for us, I think we should chat- I think we could help each other! 

Melissa

@Account Closed We have turn-key properties mostly in the southeast - Alabama, Georgia, St. Louis. Etc. we only purchase b-, A properties. Our cap rates are 9-15% and our cash-on-cash returns are up to 35% on some properties. It might surprise you how much revenue these properties are making. We have our own property management/leasing out there, and our own construction company as well. Because we handle it all ourselves we can keep costs down and have interest vested into making sure each property has good return value. We don't want short-term investors, we want long term investors that we can grow with. 

Send me your email, and I will send you some proforma's so you can see what they are all about. We have a lot of California investors selling now bc it's a high market right now and buying 10, 15, 25 properties out of state and quadrupling their portfolios. Also, keep in mind that property taxes are a huge cost in CA. In the cities we are buying in the property taxes are $400 a year! That instantly gives you $8-10,000 back in your pocket each year.  Remember that our properties are meant to be holds, and you make the profit off of rental income. When you own 20-25 houses, that is the same cost as 2 houses in CA, but the profits on 20-25 houses for rent is thousands more each month. Sorry, for making this so long. If interested, I will send you some numbers and what our investors are making right now. 

@Jay Hinrichs great!! thank you for the advice!!

@Account Closed Not sure yet where we are going to have it. Would you like to attend? Melissa

@Jay Hinrichs I am not sure yet where in Napa-- we are still trying to decide. LMK if you or anyone you know up there would like to attend. thanks! Melissa

If you are a California investor or property owner, and are tired of the low return on your properties and you want higher returns, higher cash flow and to reset your tax depreciation, then join us on May 4th in Irvine, CA.

Our Real Estate investment company has a new program specifically for California investors that will help you move out of your low cash flowing properties and into higher cash flowing properties.

We have turnkey properties, FULLY renovated with tenants in place with local property managers. All you have to do is collect your passive income checks. These are available to view as well.

We are hosting 2 social events:

May 4th at 7pm in Irvine, CA and Saturday May 7th at 10am in Napa, CA

Please RSVP, as both events will be small. 

p.s. If you have any questions, please email me. [email protected]

@John Patton

Agreed! That's in any city/ town in America. Even here in California there are problem areas- crime/ etched. You need  knowledgeable people that know the area, the known issues with land and can steer you the right way. 

@Lane Kawaoka We are updating our website right now, and not all properties are on the site, and also the info is being updated on each one, some have placeholders-- -but we can get you a proforma on any property that you see. 

www.richliferealestate.com Let me know if you have any questions. Melissa

@Lane Kawaoka  do you want to come to our event next Wednesday?  Our property acquisitions manager will be there he would be a great resource for you to talk to. Melissa