All Forum Posts by: Fernando Angelucci

Hello BP Family,

Just got this gem under contract on the 700's block of Front Street in Aurora and am looking to wholesale it out. It is at 100% occupancy with no back due rent. Here are the 2015 actuals.

Historical Numbers

$53,040 Gross Rental Income ($4,420/mo)

$18,853 Expenses (Electric, Garbage, Water, Heat, Taxes, Insurance, Maintenance)

$34,186 Net Cash Flow

$230,000 Purchase Price

15% Cap Rate

Unit Break Down

Unit 1 (1/1): $640/mo + Cooking gas + Electric

Unit 2 (1/1): $670/mo + Cooking gas

Unit 3 (1/1): $700/mo + Cooking gas

Unit 4 (1/1): $700/mo + Cooking gas

Unit 5 (3/1): $1050/mo (no utilities)

Unit 6 (1/1): $660/mo + Electric

Mechanicals, Roof, and Siding

Shingle Roof - 2003

Siding - 2003

Furnace 1 (Unit 5) - 2011

Furnace 2 (Unit 6) - 2014

Furnace 3 (Units 1-4) - 2014

Hot Water Heater 1 (Units 5-6) - 2009

Hot Water Heater 2 (Unites 1-4) - 2015

Plumbing - 2014

Windows - 2014 (4 odd size windows are left to replace)

Parking Lot

12 car lot

Photos

https://www.dropbox.com/sh/9or0if950p18zg0/AACxmA1...

I know this is not an SFR but the SFR category on BP gets the lionshare of the digital foot traffic. I apologize.

Cheers!

Hello BP Family,

Just got this gem under contract on the 700's block of Front Street in Aurora and am looking to wholesale it out. It is at 100% occupancy with no back due rent. Here are the 2015 actuals.

Historical Numbers

$53,040 Gross Rental Income ($4,420/mo)

$18,853 Expenses (Electric, Garbage, Water, Heat, Taxes, Insurance, Maintenance)

$34,186 Net Cash Flow

$230,000 Purchase Price

15% Cap Rate

Unit Break Down

Unit 1 (1/1): $640/mo + Cooking gas + Electric

Unit 2 (1/1): $670/mo + Cooking gas

Unit 3 (1/1): $700/mo + Cooking gas

Unit 4 (1/1): $700/mo + Cooking gas

Unit 5 (3/1): $1050/mo (no utilities)

Unit 6 (1/1): $660/mo + Electric

Mechanicals, Roof, and Siding

Shingle Roof - 2003

Siding - 2003

Furnace 1 (Unit 5) - 2011

Furnace 2 (Unit 6) - 2014

Furnace 3 (Units 1-4) - 2014

Hot Water Heater 1 (Units 5-6) - 2009

Hot Water Heater 2 (Unites 1-4) - 2015

Plumbing - 2014

Windows - 2014 (4 odd size windows are left to replace)

Parking Lot

12 car lot

Photos

https://www.dropbox.com/sh/9or0if950p18zg0/AACxmA1...

@Hosea Irwin, This is a fantastic strategy. It is called Trust Deed / Private Mortgage Investing. Shoot me a line and I can walk you through the steps.

@Scott Perry, no problem! This is a team sport. Hope to see you around Indy.

@Santrece R. Let me know where you are looking, we love partnering with other investors.

We just sent out 30,000 letters to DuPage and Kane County and are at the beginning of a 40,000 piece mailer to Cook County

@Lawrence Robinson We are starting a 16,000 piece mailer to Indianapolis, IN. Is that were you are looking to be?

We do not only wholesale, we buy and hold as well as fix and flip so if you have any great deals that come by, send them our way.

We are also aggressively seeking Self Storage facilities as well as warehouses for conversion to self storage.

We are looking for 40,000 sq ft or more as well as 250 unit to 950 unit established facilities.

Cheers!

Sarah,

I have had much success with properties in Indianapolis when it comes to cashflow. They are extremely investor friendly, the property tax is favorable, the economy is robust and diverse, the population is growing, and the entry price is wonderful.

Cannot go wrong inside the 465 beltway but I would stay away from the war zones such as Brightwood (above 70), Northwest of the 65/70 junction, far east of downtown, and other smaller pockets scattered around.

Attached is my "red zone" map for my wholesalers and partners to avoid. Good rule of thumb but always do your due diligence.

Happy hunting and remember to get a good team around you any time you are investing outside your backyard.

Cheers!

Hello Steve,

Can you send me more numbers on this one?

Cheers!

Hello Steve,

Can you please breakdown the expenses that you are using?

Cheers!

Thanks for the Feedback guys.