All Forum Posts by: Oscar Zendejas

THESE PROPERTIES ARE UNDER CONTRACT.

Property Description: 2 houses and 1 mobile home on 2.4 acres of flat land located in the Graysville/East Brainerd area. Property not in flood zone per FEMA maps. Property is on the border of the TN/GA state line and less than 5 miles from Hamilton Place. Larger house on 2551 Graysville is 1364 sq ft with 2 bed and 1 bath (house picture above and layout below). Smaller neighboring house on 2491 Graysville is 1025 sq ft with 1 bed and 1 bath. Properties were rented in 2016 but are now currently vacant. Market rent is $900/mo for larger property. Market rent is $600/mo for smaller property.

Estimated Cost for Repair and Rehab: $41k

Profitability Analysis for BRRR: Total Cash in Deal is ~$90k. After refinance we cash out $90k minus expense is -$750 with 25% equity. Property will be held as a rental and will cash flow $125/mo with PM or $206/mo without PM (self-managed). Market rental rate is $900 per month.

Profitability Analysis for Fix & Flip: Total Cash in Deal is ~$85k. ARV is ~$120k. After sale, remainder is $26k after expenses. 30% NET ROI in 6 months (60% NET ROI Annualized).

Link to Prospectus with Photos:

https://drive.google.com/open?id=0ByFiKtHqSvAYVVJr...

We are selling our assignable purchase contract.

For more info Contact Oscar Zendejas at (423)243-2845 or [email protected]

Thanks for reading.

Hi @Christi S.,

Please PM me or give me a call to discuss a project I have in Hixson, TN. I am looking for a framing/roofing contractor. I look forward to your call.

Thanks,

Oscar Zendejas

(951)233-4014

Hi @David Hilleke and @Cornelius Quaye,

I am investing in the Chatt market as well. I just sent you both a colleague request. I look forward to networking you.

Best Regards,

Oscar Zendejas

Hi @Christi S., nice to see you on BiggerPockets. I am currently working on two projects, one in Ooltewah and another in Hixson. I could use an investor friendly contractor. Please send me your company info for review.

Thanks,

Oscar

@Dmitriy Fomichenko

@KANE WHITESIDE

Perhaps @Dmitriy Fomichenko may be able to answer you questions. He offers self-directed plans. However, he is from CA, so it may vary between states.

Good luck!

Hi @Felicia Lopez,

Welcome to BiggerPockets and congrats on your first step to your real estate investing journey. You can navigate the following to find local REI meetings:

https://www.biggerpockets.com/forums/521-events-and-happenings?page=1

Regards,

Oscar

Hi @Kyle Tokasey, 

I appreciate the positive welcome. Thanks for the tips. I am about halfway through the podcasts now. 

Looking forward to growing with the community!

Hi @Aaron Mikottis, 

I agree. The mind is a powerful tool. I just checked out your profile and have to say I am impressed that you save 75% of your income.  

Likewise, keep up the hard work.