Tag Archives: turnkey rental property

The Two Most Import Criteria For Real Estate Investors

What Are The Two Most Important Criteria for Real Estate Investors?

secure plus excellent ROIAnswer:
1. Security
2. Cash on Cash Return on Investment 

A primary product of our business  is single family homes already occupied with a contract for deed and promissory note. Right now we have 13 houses occupied and fully performing meaning the people in these houses are paying on time each month. The as is value of these houses is 30-50% higher than what we can buy them for. This is because these houses initially were unoccupied and were acquired by the current owners at deep discounts  As our marketing partner found people who wanted to buy the houses on terms the people   had to do the necessary repairs so they could live in the house. As these repairs were completed the value of the house increased.

As an example of a  typical deal the current owner pays $15,000 for a house.  The person who wants to buy the house on terms signs a promissory note with the owner for often times double the price paid or $30,000. (All numbers are illustrative but are representative of how it works). Checking on line sources the estimated value after repairs could be $45,000 or more.

Everything is  100% turnkey meaning once these houses are purchased the only things that change is the deed and note are recorded in the name of the new owner and  the monthly payments are sent to the owner. The cash on cash return on investment on the 13 houses  is 15%. Cash flow is immediate.

If you are note clear what this means, think of how most people buy a car on terms. They do not own the car until the note is completely paid. Our houses work the same way. The owner has the  the deed until the note is paid off then the deed is transferred to people paying for the house on terms. .

We have partnered with the owners of these houses and will sell them occupied  for cash. We are also networking for favorable rates from lenders to buy these houses in our own LLC. When we are successful with a lender that likes our model we will expand to acquiring many more houses like the 13 an we can because we have the network.  Please note this is a nationwide program. The 13 houses are in 9 states. Our partner company has been acquiring and managing houses for over 10 years on a national level. This model is not an idea. It is one that is proven.

Again whoever buys these houses  get the deed and the promissory note.  The owner can hold the property or resale the property for a likely gain as the notes become more seasoned. How is a gain possible?  The longer the note is performing the more interested are note buyers where the note is backed by a deed.

Cash On Cash Return on Investment is 15% Net for the 13 houses available now.  Note the owners are selling at a discount from the promissory note amount that results in the return being higher than the face amount of the note.

Security – Completely backed by the value of the property which is always higher than the price paid for the property.

 

Turnkey Properties, Turnkey Real EstateTotal Turnkey Process

This is a completely hands off process for you.  You buy the house or houses for cash and the rest is all handled for you. We have an affiliated partner that finds these deals and services the property. Services means they collect the payments and make sure the property taxes are paid.

Better Alternative Than Wholesaling,  Flipping , Renting 

This is secured, predictable, minimal risk and no work on your part.

Steve Pohlit
Real Estate Investor
Independent BEMER Distributor
Business and Real Estate Investment Coach
727-224-4743
Email 

 

 

Buy All Three For An Incredible Deal

Turnkey Rental turnkey residential real estate2Each of these three properties have their own page on this site.  First time ever offered buy all three for total price of  $124,000 net meaning the seller will pay the closing costs if all three are purchased.  That bundled price saves you $5,000 off the already low prices for these properties.

The Net Operation Income  is projected to be $17,664 which yields a 14.2% Net Cash on Cash Return.

Each of these properties is in an area where prices are increasing.  By the spring, it is likely the total market value will be $45,000 higher which means this deal is like buying three and getting the equivalent of one free.

Suggestions:

1. Purchase these in your self – directed IRA and all gains are tax free

2. Refinance in 4 or 5 months  and get all of your capital back.  Then you are paying $876.41 based on a 25 year mortgage at 7%  (you may get a lower rate)  So with no money in the deal at that point your net monthly cash flow is $595.59

3. Within 1-2 years sell the one property to the tenants who already want to sign a lease option agreement and receive over $60,000 when sold which is then used to pay down the note. We know the exact amount of the option price but we are reserving that information for qualified buyers.

Here are the Links to Three Properties

3812 155th St 

3808 155th St

3791 E 149th St

Contact:
Steve Pohlit, Managing Partner
Ph 727-587-7871
Email 

Turnkey Residential Home For Sale-Qualified Tenant Signed- 13.3% Net Return 3808 E 155th St Cleveland,Oh 44128

Note: There are two homes available side by side. They are identical 3808 and 3812. Both have tenants and cash flow at 13.3% Net  Buy one or both, refinance in the spring and get all of your capital back. Buy in your self directed IRA.

Turnkey Real Estate Property Available Now

Price $42,700 – Cash

These Deals Go Fast.  Join Our VIP Buyers List To The Right Now!!

Total expected NET Cash flow year:   $6,536.00 / Year or  ROI 13.3/%

Cash flow starts right away – no waiting period

This is great opportunity for an Investor. Excellent House. Excellent Area Excellent  Tenant

This house was  renovated in 2013 .There is  newer electrical, plumbing . New kitchen. New Hot water tank and New  furnace  . Wooden  floor on the first floor in  the  spacious living room and dining room . Remodeled   New   bathroom  and  New kitchen  and  new floor .  New Interior paint,  excellent roof 6 years old only, new fresh paint in the finished  basement  and is used for extra  living space in the house.

New hot water  tank  newer  furnace  and  they are   going to be serviced  every year  and  keep them in excellent condition.  

Property has been  RENOVATED!!!  Passed Every City Inspections.

 

Turnkey Rental 2

Contact

Steve Pohlit
Email
Phone 727-587-7871

Turnkey Residential Home For Sale-Qualified Tenant Signed- 14.2% Net Return 3791 E 149th St Cleveland,Oh 44128

Big bonus: the tenants want to buy this home and will qualify in about a year.  Get this home now and enter into a lease option with the tenants for a purchase price with a projected gain of more than $15,000 in one year on top of the projected 14.2% return during the lease option period.  Buy this home now and in the spring take out a mortgage based on rising property values and get all of your capital back. 

Turnkey Real Estate Property Available Now

Price $42,567 – Cash

Newly renovated: new plumbing, finished basement , new kitchen floor, interior paint,
Very good tenant in place. Lease just signed
$800 per month rent collected.
Projected net rent collected after insurance, taxes and property management $512
Annualized cash on cash return – 14.2% projected
Property management in place
Buyer receives final inspection report so you know the exact condition of the property
100% turnkey – buyer is paid the net rent monthly

More Pictures Coming Soon!

Instantly appealing – newly renovated home featuring three bedrooms and one and a half baths. The kitchen has ceramic tile floors. The large patio can be accessed from the downstairs bedroom. The patio extends to the garage and includes a covered section off the garage. The large yard features a chain link fence including a gate for the drive way. The newer oversized two-car garage is a great place for hobbies or other work and includes a gas furnace, work benches & electricity.

3791 E 149th St, Cleveland, OH 44128
1174 sq ft
3 bedroom 1.5 bath
2 car garage
Click Here for Zillow listing

Referral Fee: $500

Contact:
Steve Pohlit, Managing Partner
Ph 727-587-7871
Email