All Forum Posts by: Jake Knight

Closing on a condo with cash but looking to refi out on a short-term basis while I flip it. Any hard money lenders with good pricing for a 10-yr old condo in Santa Fe, NM?

Looking for maybe 65-75% of purchase price.

Please call me if you're a lender and have competitive pricing.

Off-market fixer-upper for sale (not assignment) in booming East San Jose (aka the only affordable place left in Silicon Valley!). 

This 3bd/2ba is ready to rock. Leave it as-is or convert the den or garage into additional living space which is highly desirable for the area. 

ARV: $780-800k

Asking: $550k+

Repairs needed: 

• Roof
• Landscaping
• Dry rot/termite 
• Sheetrock
• Plumbing & electrical & possibly HVAC
• Full cosmetic updates (paint, flooring, finishes, etc.)

Showings:

Wednesday 4/25 from 12-3pm

Saturday 4/28 from 10-2pm

Pics: 

https://www.dropbox.com/sh/j6st6hlf8hw1myq/AACCn7a6JX2uIpgFJyHJPPIEa?dl=0

Rehabbed Comps:

1512 Mt. Diablo sold for $770k but 18% smaller 

1281 Farringdon sold for $785k 4 months ago, same sqft. Values are rising fast in this area. 

Most recent comp:

2912 Moss Point Dr  sold for $800k but is not rehabbed. Has slightly larger lot. 

Fixer comp:

1638 S. White Rd sold for $665k last month. On a very busy road and needs the same amount of work as subject property.  

Come visit on Wednesday or call/email/text me for more info! 

Jake Knight 

510-220-0712

[email protected]

I’d like to introduce you to 7 Figure Flippers/Area Code Home Buyers - a new lead generation platform and community for real estate investors. Our goal is to position you in Google to be the go-to cash home buyer in your region.

You become part of a national directory of home buyers and a private community of investors.

We then connect potential sellers in your area with you through our month-to-month content marketing and SEO strategies, which will rank you prominently in Google for up to 1,000 potential keyword combinations.

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We only work with one investor per area code so space is limited.

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• BONUS: cold-calling services (you provide the list, we get the numbers and make the calls)

For more information or to see the DEMO VIDEO, email Brian Cosgrove [email protected] or visit www.7figureflippers.com

I’d like to introduce you to 7 Figure Flippers/Area Code Home Buyers - a new lead generation platform and community for real estate investors. Our goal is to position you in Google to be the go-to cash home buyer in your region. 

You become part of a national directory of home buyers and a private community of investors.

We then connect potential sellers in your area with you through our month-to-month content marketing and SEO strategies, which will rank you prominently in Google for up to 1,000 potential keyword combinations.

This is a turnkey, hands-off lead gen platform that you don’t want to miss out on.

We only work with one investor per area code so space is limited.

Here’s what you get:

• Fresh content written for each city in your area
• Optimized pages for the top keywords
• Access to an exclusive, private Facebook group to discuss high-level investing strategies
• Semi-annual mastermind events
• BONUS: cold-calling services (you provide the list, we get the numbers and make the calls)

For more information or to see the DEMO VIDEO, email Brian Cosgrove [email protected] or visit www.7figureflippers.com

It might not be that simple depending on the context of the neighborhood, and your neighbors. I would start by going to the planning department and getting their free feedback. They should be able to let you know right away how difficult that plan would be to get approved, and what the process would entail to seek approval.

Hey everyone,

I'm looking to buy a fixer near SAP Center that I can house hack. Specifically in the St. Leo and Shasta-Hanchett areas of San Jose.

It can be a 2 or 3 bedroom, any number of baths (we'll do an addition if needed), lot size 5k+, and within about 5 blocks of The Alameda. Price range: under 800k.

Can you help me find this? 

 Hi Herm,

Yes, my ARV is referring to fixing up and reselling the house to someone who would move in. If you fixed all the things listed, it should sell for $350k. Since inventory is low right now I think you could squeeze more out of it by installing a composite fence to reduce the road noise and opting for some nicer finishes, or a nicer landscape/hardscape.

** Do not disturb occupants** 

Offering this contract for assignment at $265,000.

Rents ~ $2k

ARV is $350k

Property backs up to a very busy road and has a strong smoke smell.

Roughly $20k of repairs needed to get it rent-ready:

• New flooring
• Interior paint- outside needs touch up
• Garage door motor
• Toilet
• Two windows
• Appliances
• Fence repair (~40 ft)
• Minor electrical work in garage
• Water heater
• Yard cleanup
• Deep cleaning

The photos on Zillow are dated. Property has deteriorated a bit due to seller's health condition.

Cash or hard money buyers only. 

@Diane G. I get keyword alerts for some of the cities you post about and have also noticed a doomsday mentality that isn't always supported by data. If you saw data that indicated positive market factors, would you ignore it?

I'm of the opinion that if you know how to buy, you can buy in any market cycle. I will PM you some examples. I have colleagues on the Peninsula, some who post here and some who do not, that are doing much much better than I am. If you saw what they were doing you might change your mind.

Contract ready to assign.

Property appraised at $395,000 this month.

Offering this contract for assignment at $371,600, fee included. 

Realtors welcomed, please add your fee on top of the offering price.

Move-in ready, just needs a deep cleaning, maybe a coat of paint.

Though it’s a small floor plan, this segment of the market is extremely hot since it is the most affordable non-mobile home purchase available. This is also a very desirable complex due to its location (see below) and because it's well-kept, safe, and in walking distance to shops and restaurants.

• 0.4 miles to VTA Station
• 1 mile from large Kaiser Hospital
• Walking distance to new Target and Safeway shopping center on Cottle Rd.
• Easily accessible to 101 and 85 freeways
• HOA is $389

Call/text Jake at 510-220-0712