All Forum Posts by: Corey Birger

We have been in the construction business (my husband is a GC), the investing business and now I am getting licensed in the state of Florida for RE. Any insights, suggestions, tips etc on keeping things on the up and up (disclosing I know is important) but in marrying the two sides of real estate would be appreciated.  

Thanks!!!

PRICE REDUCTION!!!!!!!!!!!!!!!!

We have been working hard today to negotiate price on the property located at 1190 SW 18th St. Boca Raton, 33486

We had this listed at $675,000 but right now have talked the seller down to $615,000 --- that means more money in YOUR pocket on the flip. Our broker confirmed the ARV on this is $1.1m with the right finishes so you are looking at a HUGE profit. Make us an offer on this, we will go to bat for you.

I did not realize this posted twice... and I apologize that it did.

Call 850-454-6693 or email [email protected] to make an offer or schedule a viewing.

Nestled on almost a 1/2 acre lot, this 4,752 sf home has it all. The interior open concept and outdoor spaces are perfect for entertaining. With the Master Suite on the ground level, 3 additional bedrooms, 3 bathrooms and a covered parking for three cars, it only gets better when we mention the indoor pool complete with waterfall and a sauna.

• Purchase Price (including all fees): $675,000
• Estimated Repairs/Rehab: $120,000 - $200,000 **
• Total Investment: $875,000.00
• ARV: $1,100,000.00.00
• 21.5% Gross Spread
• Estimated profit: $225,000.00

**please note that we have increased the estimated repair costs by 30% on this project, ultimately your repair costs are determined by the end finishes chosen.

COME IN WITH YOUR BEST POSSIBLE OFFER AND LETS MAKE A DEAL!!!

Entertaining any offers!! There is money on the table for this one!!

Investment Property Exchange is excited to announce the addtion of hard money lending groups to our team!  We strive to bring you exceptional deals, and now can fund them at exceptional rates!

A lack of funding shouldn’t stand in the way of your ability to take the next step in purchasing your residential or commercial real estate property. We can work with you to help you get the loan you need as quickly as you need it, even if your credit history is less than perfect.

Looking for a hard money lender? Apply online now, and protect your potential investments with the right financing at competitive rates! 

Find your next deal at: www.helpsellmyhousefastusa.com and click available properties and the visit PCG  to get your deal funded at:  http://praetoriancapitalgroup.yolasite.com/  

We cannot wait to meet you at the closing table!!!

Corey Birger

Investment Property Exchange, LLC 850-454-6693

Looking for an amazing South Florida Investment? How does Boca sound??

Check out our newest available property:

http://us10.campaign-archive1.com/?u=af7177abd6b40...

Need a lender that has over 20 years of experience in structuring and financing asset based transactions for your next deal?

Connect with our partners at Praetorian Capital Group.

They offer:
*Nationwide Lending
*Interest rates as low as 7% with better rates on deals with greater spreads.
*Property Type: 1-4 residential units ( Incl Condos, townhouses& PUDS)
*Points: Not to exceed 4%
*Loan amount: Up to $500M (50k min)
*Cash out refinance after 6 months.
*No Prepayment penalty

Get started at: http://praetorian-capital-group-1.launchrock.com/

Via one of our affiliate partners: 

5 property package - $145,000 (Rehab needed - 40k)

Proposed properties:

1699 Darley Ave 21213 - Will rent for $1200/mo (Taxes $346.92)

2906 W. North Ave 21216 - Occupied with tenant at $900/mo. Long term tenant @ 10 years

3600 Harlem Ave. 21229- Will rent for $1200/mo

1823 N. Collington St. 21213 - Will rent for $1200/mo

1822 N. Chester 21213- Occupied with tenant at $900/mo. Long term tenant @ 20 years

       >>>>>EMAIL US AT: [email protected] <<<<<<<

                                                             or 

                                 >>>>>>>CALL: 850-583-0291<<<<<<<<
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Total monthly rental income: $5400/mo

Total yearly taxes for all 5 properties: $2646.00

Estimated insurance @ 70/mo x 5 properties = $4,200

Estimated yearly maintenance per property $1,500 (x 5 = $7,500)

*This estimate is based on any potential repairs the property may need over the course of a year. In our experience this number is typically lower, but we always estimate high on maintenance.

Yearly rental income: $64,800.00

After estimated yearly hard costs, adjusted gross annual income:

$50,454.00

Full investment recouped in 3.6 years. 10 year projected revenue: $504,540.00

Larchmont Area Spanish styled home waiting for the person looking to take on some rehab work for added value. Located on a corner lot with 1,845 sq feet of living space. Private and covered front porch with room to sit & relax. Vaulted ceiling in the living room with gas & wood burning fireplace and wood floors in Living, Dining and hallway. Actual bedroom count registered as 2 yet the large den / family room adjacent to 2nd BR is currently being used as 3rd bedroom and has another fireplace. Updated flooring in kitchen and tiling in both full sized bathrooms. Large rooms with plenty of space for new owner to modify and update the interiors. Walking distance to all the great shops and restaurants on Larchmont.

Homes seem to move very quickly for the most part in this area of Larchmont Village / Hancock Park. I’ve pulled copies of the permits and property history to ensure everything has been permitted and there are no outstanding city violations. The home is not located in a Historic Preservation zone so we will not be hassled by them as long as they don't rebuild a large home.

->>>>>>Price: $910,000.00

>>>>>>Est repairs $100-$120k mostly to fix the floor plan to have a better flow. everything seemed well maintained and we didn’t see any signs of neglect or distress to the house -updates to kitchen and baths would help resale.

>>>>>>ARV $1.25M+ ( I'm using this lower ARV since home is against Beverly Blvd.)

Sold Comps:

- 309 Bronson / $889k / 1458 sqft / Sold on 2/27/15 & 11 DOM. Home is currently being rehabbed and flipped.

- 250 N. Beachwood / $1.2M / 1823 sqft / Also located directly on corner of Beverly Blvd sold 6/23/15 & in 5 days. Home is not really rehabbed and looks like a victorville flip.

- 408 N. Plymouth / $1.212M / 1575 sqft / Home is in good shape but in need of a new kitchen. Sold 4/7/15 with 10 DOM

- 513 N. Plymouth / $1.254M / 1375 sqft / Home sold within 9 DOM and is in distress. Needs a full rehab

- 249 Windsor Blvd / $1.45M / 2252 sqft / Re-Habbed & located on corner of Windsor and Beverly Blvd which is also a stop light.