All Forum Posts by: Viktor R.

@Paul Hemming,

Thanks for getting in touch with me. I will make sure to add you to my buyers list and you'll get notification via email on assignments. We're right now in the process of purchasing couple of properties and getting others under contract. I'll also forward you a deal we just marketed. If you don't get it, let me know.

Fixer upper in Birmingham

House is in need of lots of repairs but there is tremendous upside. This is a terrific investor alert and tons of upside since the house would be worth more than the purchase price once repairs are done. Take a look for yourself and see if this make sense to you.

PROPERTY INFORMATION

1. Address: 4504 12th Ave, Birmingham, AL 35224
2. Bedrooms: 2
3. Bathrooms: 1
4. Square Feet: 1008
5. Year Built: 1971
6. Stories: 1

PICTURES

Link: https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

• 3416 Avenue D, Birmingham
  • Bed 2
  • Bath 1
  • 816 Sq.Ft.
  • $11,000 07/17/2017
• 4101 11th Ave, Birmingham
  • Bed 2
  • Bath 1
  • 750 Sq.Ft.
  • $12,500 02/08/2017
• 4321 11th Ave, Birmingham
  • Bed 2
  • Bath 1
  • 1,196 Sq.Ft.
  • Sold $14,000 06/15/2015

PURCHASE PRICE AT

$5,595

RENTAL

$695 month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.

@Account Closed, you should check out rentometer.com. Real estate agents also have realist to help him estimate rents.

I would agree with @Robert Freeborn that you should not include in your asking price a performa. It is up to the investor to get it to the performa point. There is potential in this deal but the asking price should not already include that potential. 

I ran my numbers but I also included a property management fee of 10% and repairs of $150/m (stuff breaks!) This is not a deal. Even at the Gross Potential Rent of $3000, you would only cashflow $168/month. (expenses vacancy $150, capex $360, insurance $90, P&I $1366, repairs $150, garage etc $165, management $300, taxes $250)  

I think this would be a terrific option for a live in investor who is looking to rent out one side and live in the other. The mortgage would be almost covered if not completely. (estimating a P&I of $1510/ month) 

@Tom Knox, the seller is paying them.

Fixer Upper in Lorain

House is in need of lots of repairs but there is tremendous upside. This is a terrific investor alert and tons of upside since the house would be worth more than $70,000 repairs. Take a look for yourself and see if this make sense to you. Buyer to verify to their own satisfaction. Do not disturb tenants. Closing will need to be within 30 days. Cash purchase only.

PROPERTY INFORMATION

1. Address: 1338 Maryland Ave, Lorain, OH 44052
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 1462
5. Year Built: 1950
6. Stories: 1

PICTURES

Link: https://drive.google.com/drive/folders/0Bw_p2SC9IE...

COMPARABLES

After Repaired Value: $72,230

• 2328 Wilson Dr, Lorain
  • 3/1.5 1200sq.ft
  • Sold 12/28/16 $74,900
• 435 Illinois Ave, Lorain
  • 3/2 1498
  • Sold 6/9/17 $73,900
• 329 Illinois Ave, Lorain
  • 3/2 1275sq.ft
  • listed $67,900

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$47,000

PURCHASE PRICE AT

$9,997

RENTAL

$550-$570/ month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.

My records show a square footage of 1,502. I require the buyer to complete their own due diligence to make sure they are satisfied with their purchase.

The bones and everything to this one is terrific. House has been well maintained and the needed repairs are minimal. The house would need painting inside and out BUT other than that pictures speak for themselves. Please do not disturb the occupants. Closing will be within 60 days.

PROPERTY INFORMATION

1. Address: 8605 N Colton St, Spokane, WA 99208
2. Bedrooms: 3
3. Bathrooms: 2.5
4. Square Feet: 1,502
5. Year Built: 1977
6. Stories: 2
7. Link: http://www.realtor.com/realestateandhomes-detail/8...

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

After Repaired Value $202,000

1. 8005 N Dakota St 4/ 2 2,016sq.ft Sold $199,000
2. 8524 N Hill Dale St 4/3 2008 sq.ft Sold $192,000
3. 8508 N Atlantic St, 3/2 1,169 sq.ft Sold $175,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

minimal, buyer to complete their own budget

PURCHASE PRICE

$147,997

RENTAL

$1,400/ month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.

Great Opportunity to Fix and Flip in Kent

With very limited repairs, this house would certainly qualify for traditional financing. Take this house and add your touch and flip it. Pictures confirm the quick repairs the house needs. Inspection by appointment only. Do not disturb occupants. Closing will need to be August 15 or sooner.

PROPERTY INFORMATION

1. Address: 27212 116th Pl SE, Kent, WA 98030
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 1980
5. Year Built: 1963
6. Stories: split entry
7. Link: https://www.pellego.com/proformas/property/1550352...

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

• After Repaired Value $353,000
• Flip 4/1.75 1,450 built 1966 assessor $293,000 Sold $355,000
• Flip 4/1.5 1,480 built 1961, assessor $234,000 Sold $319,950
• Flip 4/2.5 2000 built 2002, assessor $312,000 Sold $355,950

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$36,000

PURCHASE PRICE

$269,997

RENTAL

$2,500/ month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.

The house has minimal if any repairs. It's in rental ready condition. You would get $30,000+ in equity at purchase price. The house is occupied. Do not disturb occupants. Closing is within 50 days.

PROPERTY INFORMATION

1. Address: 3938 NW Christine Ln, Bremerton, WA 98312
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 1,200
5. Year Built: 1991
6. Stories: 1
7. Link: https://www.pellego.com/proformas/property/2172782...

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

After Repaired Value $249,500

1. 5495 NW Gross Rd 2/ 1.5 1,186 sq.ft Sold $255,000
2. 13890 Jungle Ct NW, 3/2 1,782 sq.ft Sold $262,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

Minimal estimate about $7/ sq.ft

PURCHASE PRICE

$205,000

RENTAL

$1,650/ month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.