All Forum Posts by: Pedro Oliva

Im a wholesaler in Indiana trying to find an investor friendly title company in Grand Rapids. I talked to a couple of companies and both did not seem to know what I was talking about as far as assignment of contracts or wholesaling is concerned. Any recommendations?

When looking up public records specifically for inherited properties or cash transactions what is the best way to go about this? I see many quit claim deeds that show up in the county records but not sure if this encompasses an inherited deed as well as a cash sale. Any help with this would be greatly appreciated.

An investor from Chicago picked it up.

As far as PM companies there is one that I hear good things from other investors, Access property management is one, owner is also the president of the local reia, great guy and very knowledgeable. 

Please leave any helpful feedback.

Have an investment cashflow property under contract in South Bend, In that im looking to wholesale. Property is a 4/1/1248sf. It is a hoarder house and will be cleaned before closing. Price $10500, Estimated repairs $13,000, rents average go for $660/mo and median rents of $700/mo for a 4bd.

Click here for pix

Click here for rental analysis report

Monthly Income:  $660.00

Monthly Expenses: $342.20

Monthly Cash Flow: $317.80

Pro Forma Cap Rate: 15.63%

NOI $3,813.60

Total Cash Needed $24,400.00

Cash on Cash ROI 15.63%

Purchase Cap Rate 36.32%

College town of South Bend, In home of Notre Dame University, Indiana University South Bend, and Bethel College. 

Previous renters were paying $720/mo. Rental analysis report based on very conservative numbers such as $650/mo rents and $222.50 monthly expenses. Pro Forma Cap: 15.59, Purchase Cap: 30.18, Cash on Cash ROI: 15.59.

$17,000/cash only

To view picture album, video walkthrough, and rental analysis report visit the link below

http://www.michianawholesalehomes.com/?p=882

Great house rehab flip investment property in Mishawaka. This is hot market near South Bend,Indiana and highly sought after school system. Great potential! This is currently 4 bedroom, 2.5 baths, 1800 sqft, double lot (corner)! 1 car detached garage. Large fenced in back yard with large wooden deck. Stone fireplace. More info with pic album and video walkthrough in the link

http://www.michianawholesalehomes.com/?p=841

Sold Comps

319 N. State st, Mishawaka, 4bd/2bth/1962 sq. ft. – sold $98,000 7/28/2015

1329 E. 3rd st, Mishawaka – 3bd/1bth/1794sqft – sold $70,000 on 5/6/2015

1429 Lincolnway East, Mishawaka – 3/1.5/1732 – sold $84,500 on 3/13/2015

1819 E 4th st, Mishawaka – 3/1/914 – sold $85,000 11/3/2014

Just curious as if anyone recommends any lease option courses that dont break the bank? Ive seen Wendy Patton has a book but was concerned that it might be outdated. Also looked at 'manual' from Michael Carbonare anyone have any reviews on either of these?

I really enjoyed all of the courses that I got from her! She is the real deal!