All Forum Posts by: Jeff Filali

8 are SFRs and 1 is Single Unit 

Still available 

Great package deal

Don't miss this one

Let's make a deal

Robstown, Texas 7 Units Occupied Rental Package

7 Units, mostly updated and occupied!!

Current Rent: $4,925.00 monthly or $59,100 annual

Asking: $225K (2.15% Rent-to-Price)

Property 1: 3/1 SFR and TWO 1/1 Apartments on same property ($1,925 mo rent total)

• SFR 3 Bed/1 Bath, remodeled inside, needs exterior updated, and rents for $775 mo
• TWO 1/1 apartments in back facing opposite street, completely remodeled inside, but needs exterior work still, and rents for $575 per unit.

Property 2 and 3: Two duplexes that set side-by-side ($3,000 mo rent total)

*** Needs to be sold together

• No. 2 - 2 Bed/1 Bath each side, remodeled and rents for $650 per side ($1,300 total)
• No. 3 - 3 Bed/1 Bath each unit (upstairs/downstairs), downstairs already remodeled and rented for $850, upstairs currently being remodeled and will rent for $850 ($1,700 total)

More Information

Contact JV Acquisitions LLC by email at [email protected] or Text/Call (918) 516-8885

Tulsa, Oklahoma Turnkey Rental Package No. 2

8 Turnkey Occupied Rentals!!  All properties have NEW Roof, NEW HVAC & Heaters!!

Current Rent: $4,910.00 monthly or $58,920 annual

Asking: $330K (1.49% Rent-to-Price)

More Information

Contact JV Acquisitions LLC by email at [email protected] or Text/Call (918) 516-8885

Tulsa, Oklahoma Turnkey Rental Package No. 1

9 Turnkey Occupied Rentals!! Several are within 2 miles from Univ of Tulsa Campus!!                  

Current Rent: $6,346.00 monthly or $76,152 annual

Asking: $426K (1.49% Rent-to-Price)

More Information

Contact JV Acquisitions LLC by email at [email protected] or Text/Call (918) 516-8885

@Jean Claude I just took advantage of my Discover 0% interest offer also, and have used other 0% offers from Chase & Capital One also. I normally pay all my business and personal bills on credits cards to rack up the cash back points, and I pay them off every two weeks.  But when they offer 0% promos, I leave the max balance on the card because I can make more money with the money instead of paying off. Last year I was able to use close to $35,000 in zero interest money to expand my flipping and received a lot of cash back also.  I loves me some free money.  

Another thing I do is take advantage of very low interest offers as well.  Anytime I can get money at 4% or less, I take advantage of it because I can make at least 3-4x that return off the same money.  I have a student loan I could have paid off by now, but it's like 3.5%, so why when I can use the same money to make money.  

Motivated seller calls me last October, but I had just closed on two other properties and had too much capital tied up to be able to do anything else... But I went ahead and went to look at the property anyway.  Turns out the owner had been burnt by a wholesaler that contracted to purchase his home 6 months earlier and never closed, but after contracting, he had purchased a 2nd home and moved believing the first home was sold.  6 months went by with extended closings, false promises, and the homeowner paying 2 mortgages.  Now he was less then 2 weeks away from not being able to make the payments anymore, and he was willing to let the first home go for the payoff.  House was worth $60K and payoff was just under $30K.  The house also didn't need any repairs. 

I wanted the house but I had too much capital tied up in the other two properties I was flipping.  I knew for sure I could pay cash for the house if it was 60-90 days later.  I had to get creative fast, so I asked what his monthly payment was?  I told him I would be able to buy it for sure within 3-4 months tops once I flip one of the others.  I asked if I could take over his payments until then?  He seemed uneasy about that after being burned by the wholesaler.  So, I said what if I go to your bank with you, meet with them, and I pay the next 4 months payments up front to them, and contract with you to pay it off in full within 120 days, and if I don't, I walk away and you keep your home, but at least worst case I bought you 4 months to figure out another plan.  He went for that, so we met with the bank and told them our plan, so they wouldn't call it due.  Done deal!!  Less then 4 months later, I sold another property, and closed with him.  Plus I had already lined out a new buyer and sold it for $55K.

The homeowner has referred me several more motivated sellers since.  And anytime I've dealt with another potential client in his hometown, he has allowed me to give his name and contact info as reference.