Wholesale Properties: June 2008

Thursday, June 5, 2008

Investors Delight - Income Properties

Premier Property Solutions LLC
2529 Kingsland Avenue
Orlando, FL 32808
Cell 407-230-3362 / Office 407-282-8546 / Fax 407-282-8558

Investors,

We’ve been getting lots of requests for income producing properties in strong rental areas. Please check out these three deals and let us know which one fits your criteria. As always, we can assist with investor financing, setting up rehab crews, referring property management groups, and recommending exit strategies.

AVAILABLE
DUPLEX – SUPER CHEAP!
1007 18TH STREET
ORLANDO, FL 32805
2 BEDS / 2 BATHS
CONCRETE BLOCK / 1188 SQFT
BOTH SIDES ARE VACANT AND NEED UPDATING
EACH SIDE SHOULD RENT FOR $500 PER MONTH
ASKING $50,000

AVAILABLE
CITRUS BOWL AREA
1011 RANDALL STREET
ORLANDO, FL 32805
2 BEDS / 2 BATHS
FRAME / 888 SQFT
ONE SIDE IS CURRENTLY RENTED AT $450/MONTH
THE OTHER SIDE IS VACANT
ASKING $35,000

AVAILABLE
Assumable and Seller Financing Available!
Here’s an 8 Unit Apartment Complex for those of you in search of a small multi-family investment. The complex consists of four concrete block buildings with two units in each building. Each unit has 3 beds and 1 bath (the county has them listed as 2/1’s but they are true 3/1’s), updated kitchens, newer tile floors, newer paint, etc. Most tenants supply their own appliances. Each unit is metered separately for water and electric and tenants pay rent monthly. Each unit currently rents for $625 per month which is low for being 3/1’s. This property appears to be a strong Section 8 candidate which could be a great way to maximize rental income. The property is located off Orange Blossom Trail near the Citrus Bowl. Please call for address.

The current mortgage of $340,000 may be assumed. The note is a 3 Year ARM at approximately 7.5% Interest, 30 Year AM. Please look at these Current and Pro Forma figures:

Purchase Price:                               $450,000
Assumable Financing:                     $340,000
Seller Financing:                              $ 40,000
Cash to Close:                                 $ 70,000

Current Cap Rate:                            9.6%
Cash on Cash Return:                     16.4%

At an 8.0% Cap Rate, this property is valued at $542,500

CURRENT FINANCIAL ANALYSIS:

Gross Potential Income:                    $60,000 (Rental Rate of $625/month)
Less 5% Vacancy Allowance:            -$ 3,000
Gross Operating Income:                  $57,000

Real Estate Taxes:                            $ 5,600
Property Insurance:                           $ 2,000
General Maintenance:                        $ 6,000
Total Operating Expenses:                $13,600

Net Operating Income:                       $43,400
Less Debt Service:                            $31,982
Annual Cash Flow:                             $11,472

PRO FORMA FINANCIAL ANALYSIS:

Gross Potential Income:                    $67,200 (Rental Rate of $700/month)
Less 5% Vacancy Allowance:            -$ 3,360
Gross Operating Income:                  $63,840

Real Estate Taxes:                            $ 5,600
Property Insurance:                           $ 2,000
General Maintenance:                        $ 6,000
Total Operating Expenses:                $13,600

Net Operating Income:                       $50,240
Less Debt Service:                            $31,982
Annual Cash Flow:                             $18,312

Pro Forma Cap Rate:                         11.2%
Cash on Cash Return:                        26.2%

At an 8.0% Cap Rate, this property would be valued at $628,000
ASKING $450,000

Ben Yonge

Premier Property Solutions, LLC

2529 Kingsland Avenue

Orlando, FL 32808

Office - 407.282.8546

Fax - 407-282.8558

Cell - 407.230.3362

2 NEW Broward Wholesale Deals!

5740 NW 36 Ct., Davie 33314

3 bedroom, 2 bath CBS house with a carport.
1007 sq. ft. under air. 1210 total.
EASY rehab. Needs paint, carpet, some updating.
Please drive by and schedule showing.
Values and comps near $200,000

ASKING $119,000

2040 NW 63 Ave., Sunrise 33313

3 bedroom, 2 bath CBS house. Possible 4th bedroom. 1123 sq. ft. and 1396 total.
Newer roof. Inside is dated and needs to be redone for resale. Minimal work as a rental. Needs CAC. On lockbox.

ASKING $114,000

Jim Van Dyke
JVD Properties, Inc.

5030 Champion Blvd. G6 #442
Boca Raton, Florida 33496

Phone:(561)245-1146
Fax:(888)612-4263

_________________________________

Jim Van Dyke is a Lic. Real Estate Agent

DISCLAIMER: Our lists are not sold to any outside vendor. To be removed from this e-mail list, either reply to this message with the word 'unsubscribe' in the subject line and your full name, or choose the UnSubscribe option below. JVD Properties Inc. does not exist to render, and does not give legal, tax, economic, or investment advice. Values are strictly an opinion. Consult an appraiser for true values. Furthermore, JVD Properties. Inc. disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, members, employees, and contractors. Legal advice should be obtained through a qualified real estate attorney.

Investors Delight - Citrus Bowl 35k

Premier Property Solutions LLC
2529 Kingsland Avenue
Orlando, FL 32808
Cell 407-230-3362 / Office 407-282-8546 / Fax 407-282-8558

Investors,

We have several new deals this week. Our houses are moving quickly so please call with any questions or interest.   As always, let us know if we can help with investor financing, getting rehab crews set up, or exploring exit strategies.

AVAILABLE
Back on the Market Again – Need quick close!
EAST ORLANDO
745 AMBER STREET
ORLANDO, FL 32807
3BED / 2BATH / 1117 SQFT
CONCRETE BLOCK
NEEDS MINOR UPDATING, COSMETICS
WAS PURCHASED IN 10/2005 FOR $166,000
AFTER REPAIR VALUE $150,000’s
WAS $87,000
NOW ASKING $82,000

AVAILABLE
SHOWING TUESDAY AT 3:00PM – PLEASE RSVP
E ORLANDO / UCF AREA
2810 GEOFFREY DRIVE
ORLANDO, FL 32826
3 BEDS / 1 BATH / CARPORT
CONCRETE BLOCK / 1050 SQFT
NEEDS COSMETICS, UPDATING, LANDSCAPING
AFTER REPAIR VALUE $165,000+
ASKING $92,500


AVAILABLE
CITRUS BOWL / SUPER CHEAP!
1011 RANDALL STREET
ORLANDO, FL 32805
2 BEDS / 2 BATHS
FRAME / 888 SQFT
ONE SIDE RENTED / ONE SIDE VACANT
ASKING $35,000

AVAILABLE
Probate Almost Finished – Back on Market!
MALIBU GROVES
4737 BARLEY STREET
ORLANDO, FL 32811
3 BEDS / 1 BATH / CARPORT
CONCRETE BLOCK / 938 SQ FT
NEEDS INTERIOR UPDATING AND CLEANUP
AFTER REPAIR VALUE $125,000
ASKING $59,000

AVAILABLE
EVANS VILLAGE / POOL HOME
4918 HERNANDEZ DRIVE
ORLANDO, FL 32808
3 BEDS / 2 BATHS / 2 CAR GARAGE
IN-GROUND POOL
CONCRETE BLOCK / 1431 SQ FT
NEEDS INTERIOR UPDATING AND POOL CLEANUP
AFTER REPAIR VALUE $145,000+
ASKING $86,000
comps:
5855 Harrington dr, 1643 ft, 3/2, no pool, sold for 145k on 4/7/08
4840 Grovemont Pl, 1064 ft, 3/1.5, no pool, sold for 147,000 on 3/3/08
4542 San Sebastian Cir, 1353 ft, 4/2 no pool, sold for 152,500 on 1/31/08
1820 Kingsland Ave, 1412 fr, 4/2 no pool, sold for 172k on 2/28/08
6069 Wedgewood Cir, 1503 ft, 3/2 pool, sold for 179,900 on 4/4/08

AVAILABLE
OCOEE HILLS / POOL HOME
626 APRICOT LANE
OCOEE, FL 34761
3 BEDS / 1 BATH
IN-GROUND POOL
CONCRETE BLOCK / 1200 SQ FT
NEEDS INTERIOR UPDATING AND LANDSCAPING
AFTER REPAIR VALUE $165,000+
ASKING $95,000

AVAILABLE
SHOWING TUESDAY AT 12:00PM – PLEASE RSVP
CASSLEBERRY / PRAIRIE LAKE
131 E LAUREN COURT
CASSLEBERRY, FL 32730
3 BEDS / 2 BATHS
CONCRETE BLOCK / 1168 SQ FT
NEEDES MINOR COSMETICS
RETAIL VALUE $165,000
ASKING $99,000

AVAILABLE
REDUCED!
WILLIAMSBURG / GREEN BRIAR
4706 GORDEN LANE
ORLANDO, FL 32821
3 BEDS / 2 BATHS / 2 CAR GARAGE
CONCRETE BLOCK / 2226 SQ FT
OUTSIDE HAS BEEN COMPLETELY RE-DONE
ALREADY HAS NEW ROOF, A/C, PAINT, AND MORE
INTERIOR NEEDS TO BE FINISHE INCLUDING DRYWALL, KITCHEN, BATHS
AFTER REPAIR VALUE $230,000+
WAS $154,000
NOW ASKING $149,000


PENDING!
NOB HILL / WEST ORLANDO
914 BUENA VISTA COURT
ORLANDO, FL 32818
4 BEDS / 3 BATHS / 2 CAR GARAGE
CONCRETE BLOCK / 2180 SQ FT
MOVE-IN-READY!
ZILLOW VALUE $240,000
CONSERVATIVE RETAIL $195,000
ASKING $117,000

PENDING!
PARKWAY ESTATES / PINE HILLS
1707 QUEENSWAY ROAD
ORLANDO, FL 32808
3 BEDS / 2 BATHS / ENCLOSED CARPORT
CONCRETE BLOCK / 1256 SQ FT
NEEDS COMPLETE REHAB
RETAIL VALUE $140,000+
ASKING $51,000

Ben Yonge
Premier Property Solutions
bus: 407-282-8546
cell: 407-230-3362
fax: 407-282-8558

All associates are proud to hold active real estate licenses with Hometown Realty Services. Any information contained herein is deemed accurate but not guaranteed. As with any investment, potential buyers should perform due diligence and verify all numbers. All contracts have been recorded with county recorders office.

Miramar Wholesale Deal!

Miramar Wholesale Deal!

6125 SW 20th Street
Miramar, FL 33023

3 Bedrooms / 1 Bathroom
Total Sq. Ft: 1,311
Construction: CBS
Year Built: 1958

AFTER REPAIRED VALUE (ARV) = 240K
REPAIRS = 30K
INVESTOR COST = 97K

Realtors and Wholesale Investors: Please add your commission to the asking price.
CASH OR HARD MONEY ONLY! MUST
CLOSE ON OR BEFORE JUNE 20, 2008.

For more information call Eric Bodiwala at 305-803-2152.

My Fast Home Buyers, Inc.
PO BOX 940685
Miami, FL 33194

Southwest Miami Handyman!

Southwest Miami Handyman!

12021 SW 168 Terrace
Miami, FL 33177

3 Bedrooms / 1 Bathroom (Can easily be converted into a 3/2)
Total Sq. Ft: 1,223
Lot Sq. Ft: 7,500
Construction: CBS
Year Built: 1962

AFTER REPAIRED VALUE (ARV) = 265K
REPAIRS = 40K
INVESTOR COST = 145K

Realtors and Wholesale Investors: Please add your commission to the asking price.
CASH OR HARD MONEY ONLY! MUST
CLOSE ON OR BEFORE JUNE 16, 2008.

For more information call Eric Bodiwala at 305-803-2152.
My Fast Home Buyers, Inc.
PO BOX 940685
Miami, FL 33194

Steal This House in Melrose Park

Address: 3410 Berkeley Blvd.
Fort Lauderdale FL 33312
Subdivision: Melrose Park
County: Broward County

Beds/Baths: 2/1
Approx. Living Area: 1200
Year Built: 1955

Other Features:
Carport, Big Lot, Tiled Floors


Incredible Steal For This Popular Melrose Park Home. Has Great Curb Appeal. Light Handyman Needs Cosmetics And Updating. Estimated Cost Of Repairs Is Approximately $8-12k. See Virtual Tour: Http://www.circlepix.com/home2/b35eqc



Estimated After Repaired Value
$225,000

Comparable Sales:
Address B/B SqFt Price
271 Delaware Av 3/1 1277 253,000
3341 Chareston Bl 2/1 1308 260,000
3441 Berkeley Bl 3/1 1116 229,500

Comparable Active Listings:
Address B/B SqFt Price
771 Evanston Cir 2/1 1034 275,000
861 Evanston Cir 3/1 1144 210,000
351 Carolina Av 2/1 936 208,000
Price Net to Seller
$139,000


Estimated Sales Price $225,000
- Purchase Price $139,000


= Gross Profit $86,000

required corporate contract.
Call office for access.


Realty Wholesalers, Inc.                                                Robert V Capellan, P A
Cell: (954) 671-0109                                                Fax: (954) 523-4782

Great HANDYMAN in SW Area - Must Sell!

Here is another wholesale deal from HomeSolutions:

12021 SW 168 Terrace
Miami, FL 33177

3 Bedrooms / 1 Bathroom (Can easily be converted into a 3/2)
Total Sq. Ft: 1,223
Lot Sq. Ft: 7,500
Construction: CBS
Year Built: 1962 COMPS:
# Address Sale Price Year Built Bed Bath(F/H) Last Recording Living Area Distance

Subject Property

12021 SW 168TH TER $280,000 1962 3 1 / 12/05/2006 869 0.0
Comparables
1 12121 SW 168TH TER $300,000 1962 3 1 / 02/04/2008 925 0.07
2 11538 SW 171ST ST $270,000 1983 2 2 / 02/26/2008 1,020 0.52

After Repaired Value (ARV) = 265K+
Repairs ~ 40K (new roof, kitchen, bathroom, flooring, landscaping, paint)
Wholesale Price = 134K OR BEST OFFER

Realtors / Brokers: Please add your commission to the asking price.

CASH OR HARD MONEY ONLY! MUST CLOSE ON OR BEFORE JUNE 16, 2008.

Please call Alex Pardo at 305.238.8888 for more information regarding our Wholesale Property on 12021 SW 168 Terrace, Miami, FL 33177.

Best Regards,

Alex Pardo
HomeSolutions
O: 305.238.8888
F: 305.397.1966

3/2 in Delray Beach - New Wholesale Deal

38 S. Swinton Cir. Delray Beach, FL 33444

Investor Price: $195,000

Single Family House
3 Bedrooms / 2 Bath
Big Backyard - Room for Pool
CBS Construction
Central A/C
1,380 Living SqFt - 1,815 Total

Delray Beach neighborhood in move-in condition. Split floor plan, new pergo wood floors in bedrooms, Mexican tile, fresh paint, screened front porch, new roof. Needs minor upgrade in 2nd bath and new appliances to achieve true potential.

After Repair Value (ARV)............$300,000
Investor Price.............................$195,000
Gross Margin Pre-Rehab...........$105,000
Estimated Repairs......................$10,000
Gross Margin After Rehab...$95,000

For additional information Call Brian at: 954-696-2538

Benchmark Capital, LLC
Hollywood, Florida

2 New Wholesale Deals!

2 New WholesaleDeals for June 2

1302 SW 22 Ave., Delray Beach 33445

3 bedroom, 2 bath CBS house plus a carport. 1416 sq. ft. under air. It needs normal interior and yard rehab work. Values and listings in the sub division at $200,000 +. Please!! Call me to see.

ASKING $119,000

5970 SW 6 St., Miami 33144

2 bed, 1 bath CBS house, tile roof. 1 car garage. 1441 sq. ft. Property needs kitchen and bath update, flooring, CAC. On lockbox. Closed sales: $250-400,000
Actives: $260-400,000

ASKING $135,000

Jim Van Dyke
JVD Properties, Inc.

5030 Champion Blvd. G6 #442
Boca Raton, Florida 33496

Phone:(561)245-1146
Fax:(888)612-4263

________________________

Jim Van Dyke is a lic. Real Estate Agent

DISCLAIMER: Our lists are not sold to any outside vendor. To be removed from this e-mail list, either reply to this message with the word 'unsubscribe' in the subject line and your full name, or choose the UnSubscribe option below. JVD Properties Inc. does not exist to render, and does not give legal, tax, economic, or investment advice. Values are strictly an opinion. Consult an appraiser for true values. Furthermore, JVD Properties. Inc. disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, members, employees, and contractors. Legal advice should be obtained through a qualified real estate attorney.

Investors Delight - Cheap Deals

Premier Property Solutions LLC
2529 Kingsland Avenue
Orlando, FL 32808
Cell 407-230-3362 / Office 407-282-8546 / Fax 407-282-8558

Investors,

Here are a couple of updates as well as two great new deals.   As always, let us know if we can help with investor financing, getting rehab crews set up, or exploring exit strategies. Please call with any questions.

AVAILABLE
E ORLANDO / UCF AREA
2810 GEOFFREY DRIVE
ORLANDO, FL 32826
3 BEDS / 1 BATH / CARPORT
CONCRETE BLOCK / 1050 SQFT
NEEDS COSMETICS, UPDATING, LANDSCAPING
AFTER REPAIR VALUE $165,000+
ASKING $92,500


AVAILABLE
Probate Almost Finished – Back on Market!
MALIBU GROVES
4737 BARLEY STREET
ORLANDO, FL 32811
3 BEDS / 1 BATH / CARPORT
CONCRETE BLOCK / 938 SQ FT
NEEDS INTERIOR UPDATING AND CLEANUP
AFTER REPAIR VALUE $125,000
ASKING $59,000

AVAILABLE
OCOEE HILLS / POOL HOME
626 APRICOT LANE
OCOEE, FL 34761
3 BEDS / 1 BATH
IN-GROUND POOL
CONCRETE BLOCK / 1200 SQ FT
NEEDS INTERIOR UPDATING AND LANDSCAPING
AFTER REPAIR VALUE $165,000+
ASKING $95,000

AVAILABLE
NOB HILL / WEST ORLANDO
914 BUENA VISTA COURT
ORLANDO, FL 32818
4 BEDS / 3 BATHS / 2 CAR GARAGE
CONCRETE BLOCK / 2180 SQ FT
MOVE-IN-READY!
ZILLOW VALUE $240,000
CONSERVATIVE RETAIL $195,000
ASKING $117,000

AVAILABLE
CASSLEBERRY / PRAIRIE LAKE
131 E LAUREN COURT
CASSLEBERRY, FL 32730
3 BEDS / 2 BATHS
CONCRETE BLOCK / 1168 SQ FT
NEEDES MINOR COSMETICS
RETAIL VALUE $165,000
ASKING $99,000

AVAILABLE
WILLIAMSBURG / GREEN BRIAR
4706 GORDEN LANE
ORLANDO, FL 32821
3 BEDS / 2 BATHS / 2 CAR GARAGE
CONCRETE BLOCK / 2226 SQ FT
OUTSIDE HAS BEEN COMPLETELY RE-DONE
ALREADY HAS NEW ROOF, A/C, PAINT, AND MORE
INTERIOR NEEDS TO BE FINISHE INCLUDING DRYWALL, KITCHEN, BATHS
AFTER REPAIR VALUE $230,000+
ASKING $154,000


PENDING!
PARKWAY ESTATES / PINE HILLS
1707 QUEENSWAY ROAD
ORLANDO, FL 32808
3 BEDS / 2 BATHS / ENCLOSED CARPORT
CONCRETE BLOCK / 1256 SQ FT
NEEDS COMPLETE REHAB
RETAIL VALUE $140,000+
ASKING $51,000

PENDING!
EAST ORLANDO
745 AMBER STREET
ORLANDO, FL 32807
3BED / 2BATH / 1117 SQFT
CONCRETE BLOCK
NEEDS MINOR UPDATING, COSMETICS
WAS PURCHASED IN 10/2005 FOR $166,000
AFTER REPAIR VALUE $150,000’s
ASKING $85,000

Ben Yonge
Premier Property Solutions
bus: 407-282-8546
cell: 407-230-3362
fax: 407-282-8558

Handyman Special! Near Coral Gables! Below 50% of Market Value!

Handyman Special !!!
GREAT LOCATION!


SUB-DIVISION 'Granada Groves'     5970 S.W. 6th Street, Miami, Fl., 33144 Very desirable area
2 bedroom, 1 bathroom, 1 car garage 1441 sq ft,
CBS,Good Barrel tile roof.
Property needs; roof pressure cleaned, kitchen and bathroom updated, flooring, & central A/C.
As a rental does not need much.
Vacant and on lock box. Call for access.
See pictures and comp's below.
Closed sales are $252k and UP. Closed sales: 35 SW 60th Court        $252,400
601 SW 61st Avenue    $307,000
6251 SW 4th Street     $255,000
5845 SW 2nd Terrace    $371,000
6270 SW 4th Street      $440,000
5930 SW 4th Street      $400,000
Active sales:
315 SW 63rd Avenue     $300,000
632 SW 63rd Avenue     $420,000
5963 SW 2nd Terrace     $315,000
23 NW 60th Court         $260,000

THIS PROPERTY IS OFFERED AT $145,000 THAT'S LESS THAN 50% OF ASSESSED VALUE OF $281K
REALTORS: ADD your commission to the asking price.

TERMS:
----CASH OR HARD MONEY ONLY!!
----Purchase "As-Is" Condition

Showing....

Please Call Ramon Gonzalez at 786-336-0999 for showings.

Other properties for sale are enclosed in the e-mail.

Wholesale Deals From RicardoSellsHouses.com

2/1 with one car garage
1441 SQFT

Miami, FL

$135,000

5970 SW 6TH ST, MIAMI, FL 33144
SUB-DIVISION 'Granada Groves'

Very desirable area 2 bedroom, 1 bathroom, 1 car garage 1441 sq ft, CBS,Good Barrel tile roof. Property needs; roof pressure cleaned, kitchen and bathroom updated, flooring, central A/C. As a rental does not need much. See pictures and comp's below.
Closed sales are $252k and UP.
Closed sales: 35 SW 60th Court        $252,400
601 SW 61st Avenue    $307,000
6251 SW 4th Street     $255,000
5845 SW 2nd Terrace    $371,000
6270 SW 4th Street      $440,000
5930 SW 4th Street      $400,000

Active sales:
315 SW 63rd Avenue     $300,000
632 SW 63rd Avenue     $420,000
5963 SW 2nd Terrace     $315,000
23 NW 60th Court            $260,000

THIS PROPERTY IS OFFERED AT $135,000 THAT'S LESS THAN 50% OF ASSESSED VALUE OF $281K

For more pictures see below:

Please call Ricardo at 954-294-5420 for more info.

PLEASE CALL, VACANT ON LOCKBOX!
TERMS
HARD MONEY OR CASH OFFERS ONLY

BUYER MUST CLOSE WITH SELLER'S ATTORNEY.

AGENTS PLEASE ADD YOUR COMMISSION ON TOP OF OUR PRICE...

Wholesale Deals From RicardoSellsHouses.com

2/1 with one car garage
1441 SQFT

Miami, FL

$135,000

5970 SW 6TH ST, MIAMI, FL 33144
SUB-DIVISION 'Granada Groves'

For more pictures see below:

CitySide Investments Corp. Events

Luxury For Less!!

CitySide Investments Corp. Announcement

We all want a little Luxury for less don't we? Now is your chance to have it. This nice estate is located in the lovely Wilton Manors, Its a 3/2 1,500 sq. ft. the roof is 4 years new, needs a little TLC just some cosmetic updating. Similar properties recently sold in the neighborhood are between $340,000- $400,000.

I would us a..
Lease Option for this property because you will make money up front, every month, and when you sell Plus! rental rates around $1,000- $1,900!!

You can also use..
This as a Rehab project and put your creative mind to work then put it back on the market, 6 properties sold within the last 3 months!!!

This Property is located 2 blocks from US-1!!! and less then 10 minutes from the Beach!!!

Our Price: $225,000
Repairs: $17,000-$20,000
ARV: $340,000-$360,000+
30 Day Value change up -$18,000
(According to Zillow)

Location, Location, Location!!!

1807 NE 26th dr. Wilton Manors, FL 33306

This is an awesome Deal!!! Win-Win!!!

Contact:Trey

Cell:954-612-5045