All Forum Posts by: Robbie Reutzel

@Mido Ali, yes, it always goes up.  Buy as many houses as possible TODAY.

**Sarcasm off

In all seriousness, the market goes up and down. A typical market cycle is 8-12 years. The reason REI can be lucrative is because of the cycles.

Most agree we are close to the top right now.  

Good luck!

Hi Folks,

Looking for a great spring project? We have one, located in a very desirable section of Chelmsford, on a quiet street with a great lot. Needs a new roof, and floorplan but the lower level is a beautiful walk out to over .3 acres.

Alternatively, could make use of the large lot by gutting the interior, popping off the top, adding a two car garage and maser suite to turn this into a 3000+ sq. ft. colonial. Buyer to do all due diligence.

SHOWING THIS SATURDAY, 4/7 AT 2-3PM.  NO OTHER TIMES CAN BE ACCOMMODATED.  CLOSING 4/25.

Pics and breakdown HERE: https://drive.google.com/open?id=19csT2-C4kUurLgFS9JZXfdPSPZjLbM4t
Why are we selling?

We currently have 7 active cash intensive projects, and would be unable to get to this one anytime soon.

26 Byam Rd., Chelmsford, MA 01824

General Details:

3 bed/2 bath, ~2000 sq. ft. cape on huge .34 acre lot. Surrounding houses are larger and newer. This is the spring project you’ve been looking for.

CASH BUYERS preferred. Must use Grugnale Law as closing agent. If interested email Nick & Rob at [email protected]

As Rehab

ARV / Resale: $535,000

Build Costs: $82,230

Purchase Price: $350,000 or Best Offer

Potential Profit: ~$41K +

As Pop the top 3000+ sq. ft. colonial:

ARV/Resale: $650,000

Build Costs: $155000

Purchase Price: $350,000 or Best offer

Potential Profit: ~$95K+

PLEASE E-MAIL [email protected]

Due to the area & street, this won't be available for long.  CLOSING 4/25

Thanks!

@Daniel J., you will need to consult an attorney to have the documents written up. They can tell you the best one to use. 

It's not necessary but you can get one on LegalZoom very quickly if you want. Other alternatives are to buy in trust and eventually set up an LLC as the beneficiary.

Again, don't make the lack of an entity your reason for not submitting an offer. 

@Christopher Munn

This is the reason people can make so much money in real estate!!!  The cycles are the best and worst thing about this investment class.  This is why you have to buy right but now everyone thinks real estate is "hot."  Give it 2 years and see where we are.  There are still deals to be had but they are full and far between and OFF market.

@Christopher Munn,

You probably already know this but, in my opinion and my experience, your best bet for those plays is off-market deals.  That's where we have found our best value-add and refi plays in this market.  

@Christopher Munn,

Simple, there is more money than brains out there in the multi-family realm right now.  Although you're being smart and buying based on actuals, some people will buy based on how they project the property to perform.  You're not alone, we're finding that all over the place as well.  

hmmmm....

@Toni Mungro 

Ok, I'll bite.  Are they pre-qualified leads?  PPC?  Direct mail?  Geographic location?

Nope.  Also not buying on-market...