Investors,
I have 3 houses that I need to sell quickly and another 2 that will be ready to move by the end of the week. I have all of these properties "locked up" and for most of them i have built 20 page marketing materials that describes the property in detail, has photos, has comparable sales, comparable Active/Under contract, and a breakdown of the numbers.
I wanted to share with you these opportunities and also tell you about the power of a team. The MJA Group is 12 individuals (in office + several contractors full time) who spend all of our time learning about and helping clients obtain residential mortgages, income properties, and help them learn about investing and finances. The teams are broken into two section.
The mortgage team consists of 3 loan officers a managing processor and 2 processors (6 total). We are in the process of bringing on another person to start as a processing assistant and having them "learn the ropes".
The investment team consists of an operations manager, accounting controller, acquisitions team lead, property manager ( we manage 72 units that we own as a company), acquisitions/ marketing intern, acquisitions support, and 2 people who do temp labor as a property manager assistant ( we are looking for someone full time). In total we have 7 positions filled.
The power of a team allows you to leverage the skills of all people and substitute tasks that those individuals are not good at with tasks that they are good at. Visa Versa with all employees in the company. If you are running the job solo and can identify your "Unique ability" and what makes you the happiest within your business( sometime the hardest part), i would always recommend leveraging other people to fill in the gaps and provide the service that they are best at (which will be what you are the worst at or hate).
I would suggest as you are getting started that you hire people on a temporary basis or part time so that you can develop systems of training and continually have the business grow... Don't leverage more than you can handle.
This leverage is where we come in! MJA Group has wholesaled just over 20 properties this year, and have purchased 18 for ourselves year to date. We currently have 5 properties "locked up" that we need to sell because we will not be able to pick up all of these at one time. All of these properties are in the SLC area. Most of them will be best as rental properties (some need work one is Turnkey) and one would be a contractor flip or a cosmetic flip.
1. Taylorsville. -------- I WILL SEND YOU ALL THE DATA (20 pages)... EMAIL ME !!
4 bedroom 2 bathroom.
ARV: $225,000
Repairs: $30,000
Initial Investment (Purchase Price): $162,000
Assuming 75 % LTV Loan @ 4.75%
Cashflow: $393/ month
Cash on Cash Return: 15.72%
2. Turnkey in Rose Park. --------- I WILL SEND YOU ALL THE DATA... Email Me
Purchase price: $150,000
If sold on MLS the price would be $165,000… Buy this home and save $15,000
Repairs: All repairs are complete
20 % Down = $30,000
25 % Down = $37,500
PITI based on 25% down = $730.33
RENT = $1050-$1150 (assume $1100)
Cash flow is approximately = $369.67/ month
ROI for 20 % down (4.75% interest) = 12.96%
ROI for 25% down (4.75% interest) = 11.62%
3. Contractor Flip in Glendale -------- I WILL SEND YOU ALL THE DATA... Email Me
After repairs Value $140,000 to $145,000.
Purchase Price $97,500
Repairs needed $15,000 to 18,000- Do the work yourself, puts MORE money in your pocket!
Potential Profit 17-24k
We have already lined up financing on this property! No Hard Money Expenses.
Call Trevor to confirm that you are interested.
4. Seller financed home in SLC... Data will be available at the end of this week
5. Seller financed home in SLC... Data will be available at the end of this week
My email is [email protected] and i can be reached at 801-341-7446.
You can also email [email protected] and will get the same information.
Happy House Hunting and Team Building,
Trevor Thompson
Acquisitions Team Lead at MJA Real Estate
