All Forum Posts by: Livia Adams

Hello Everyone

We are offering a lot of land with 2 Duplexes that are currently generating $5.5k/month.

The duplexes were built 2010 and 2018 and will not need any work.

The value add strategy is to add more rental dwellings to the lot.

Asking $550k. 

Feel free to each out for any questions.

 Hey Kevin,

I messaged you directly!

Hey Everyone,

We have been working the TN market for some time and are getting into the more metropolitan area of Chattanooga.

We wholesale and regularly get off market deals in that area.

Looking for active cash buyers and investors.

We are always direct to seller.

Hello Everyone

We have a great Development Opportunity in Gulf Shores:

5+ Acres of unzoned and partially improved land that can be developed into 14 SF homes.

Asking: $950k

Value Adds:

Current Owner will provide Marble/Stones for all kitchens and at least 2 baths per SF home at no extra cost. He will also cut and fit the stones.

Lowering the effective purchase price ~$800k

The Land also has 7 Rv hook ups of which 6 are currently rented at $800/month/spot generating $4,800 in supplemental income and can be kept during parts of the development.

An additional $2,880 are generated by vehicle storage.

Feel free to reach out for proper marketing material. Looking forward to hearing from you!

Hello Everyone,

We are currently working a deal in Gulf Shores that is a little tricky. It's around 4 acres of land that could be developed into a cul de sac with ~10 SF homes.

However the lot currently hosts a 5k sqft commercial/industrial structure (made out of metal). 

Is anyone familiar with the cost of getting such land buildable? 

How much should we allocate to demo such a structure and prepare it for development so that it's attractive to developers?

Thank you for your help!

Oh got it, thanks for the explanation.

I am not an accountant or attorney but from a  law point of view I believe that as long as the equity is bound in the property it is not realized capital gains so it won’t be taxed.

You could structure it as a deferred payment due at some point in the future making it taxable at that point. I would advice though to have the backing of an attorney on this for liability reasons.

Hello Everyone,

After a short while we returned to AL to find great off market properties. We are looking for investors who are currently active in Mobile and Baldwin County. 

Looking forward to hearing from you!

Hey, could you elaborate what you mean by "leaving money out of the deal's proceeds in the deal"? Can you give me the exact situation? Thanks!

Hey Everyone,

Are you guys utilizing the BiggerPockets Community Listings to sell your properties?

What do you think about this feature? Did you have success?

Thanks!