El Monte Wholesale Flip


Vacant, Short-Sale, Fixer

  • Main House is 3/3 – Garage was converted into a 1/1 with a Kitchenette (May not legal, although it is very nice)
  • There is a separate 1/1 attached to the main house (This one is not legal)
  • Total SF is 1,580 plus the Garage 

– EMD is $10,000- Closing date is FIRM for June 10 

– Purchase Price is $475,000

 – Repairs $35,000-$40,000

ARV $615,000-$625,000

Contact me ASAP with Proof of Funds if serious. Principals only please.

Direct Contact: Ph. 858-386-0949 Greg@FixandFlippers.com

Maximizing Your Investment: Ideal Renovations for an Older Home


Courtesy of Pixabay.com.

When it comes to renovating an old house, it’s all about return on investment (ROI). Jumping into a costly remodel that does little to add value represents a significant financial loss, so it’s important to make smart, well-informed decisions about how much renovations cost and where to focus your efforts. Buying an old house is always a gamble and it’s usually a huge, long-term investment, so it’s essential you know where to renovate to do the most good. According to an article in Remodeling Magazine, the average remodeling job recovers under two-thirds of its cost at the time of sale. Fortunately, there’s a handful of renovation projects that are normally quite reliable when it comes to ROI.

Reinsulate

Many old houses suffer from a lack of insulation, which results in extremely high-energy costs. Adding or replacing insulation may not be the sexiest of renovations, but it makes a great deal of sense from a savings standpoint. Check the insulation in the attic, which should have a minimum of 8 inches of cellulose or 11 inches of fiberglass insulation. If not, or if what you find is dirty, it probably means it’s reached the end of its effectiveness and needs replacing. The average cost of re-insulating an attic is around $1,300, but the energy savings will be significantly higher, making this one of the best remodeling projects for an older home.

Window replacement

Replacing old, drafty windows has a doubly positive impact. Not only does it upgrade a significant aesthetic feature, it’ll save money if you replace the old ones with Energy Star-approved and certified windows. New, energy-efficient windows can save you as much $465 a year in heating costs, and will recoup your investment in about 5 years. However, be aware that a full window replacement project is often unnecessary, even if your pro recommends it; focus instead on window frames showing signs of age, including rotting wood and excessive window condensation.

New flooring

Hardwood flooring lends an air of elegance and refinement to any home, particularly an older house with an overall vintage look. Many homeowners assume that it will be too expensive and too difficult to maintain, but hardwood lasts considerably longer than carpeting, which wears out after about 10 years. It’s not unusual for hardwood flooring to last for decades if it’s well taken care of. Applying a protective coating every 5 years or so will add considerably to the lifespan of hardwood, which should only need to be sanded and refinished about every 10 years.

Lawn appeal

Home renovating doesn’t always have to be an indoor activity. You can also enhance your home’s look by beautifying your landscaping. There’s nothing quite like the green glow of an attractive stand of grass, which you can achieve with regular applications of fertilizer and weed control. Why not add a few design elements, like decorative flagstones or a brick-lined walkway? Brick adds an appealing touch of color set against the green of your lawn. If you’re into gardening, think about adding a flower bed lined with railroad timbers, an appealingly rustic aesthetic element. Add a fresh layer of mulch around trees and shrubs, and you’ve got a colorful lawn that’ll turn heads and add to the visual appeal and value of your home. If you need some help with your outdoor beautification projects, lawn and landscaping service prices vary greatly depending on what you’d like to have done; you can expect to pay around $320 for a minor project that doesn’t include a lot of labor or materials, meaning you’ll see a significant ROI for giving your yard a little TLC.

Renovating an older home can be a tricky proposition if there’s lots of expensive antiques and furniture in the way. To avoid doing damage, look into renting a temporary storage space to preserve them while you’re kicking up dirt and dust remodeling. Shop around for the best deals; for instance, CubeSmart Self Storage in Orlando is currently reducing storage fees by 50 percent for the first month.

A house, particularly an old one, is more than a home; it’s a major business investment. Choosing renovation projects that earn you a high return on investment is important for turning an old house into a highly profitable asset. 

Guest Post by: Seth Murphy – Papadiy.com

Contact him: seth@papadiy.com

For more info about home renovations, please leave your info below.

Spring Loan Programs for Investors


Nationwide Fix and Flip Funding Programs:

NO CREDIT REPORT

NO BACKGROUND CHECK/UPPER COURT SEARCH

NO APPRAISAL

CLOSE IN 5 DAYS

ONLY PAY INTEREST ON OUTSTANDING BALANCE


LOWER RATES and MAXIMUM LEVERAGE to NEWBIES

Lender will fund up to 90% of purchase and 100% of rehab with no previous experience up to 75% ARV.

Below are the parameters for the financing program:
90% of Purchase
100% of Rehab
9-12% Interest
1-3 Points
12 month term
No PPP
Up to 75% ARV and 75% AIV
Min loan of $75,000 / Max loan of $5,000,000
Entity Borrowers Only
525 min Credit Score
NO HARD Credit Pull
NO Experience Required
Option for interest being charged only on funded balance
Option for NO PERSONAL GUARANTEE

East Coast Hard Money Loans

We fund 100% of construction and acquisition up to 65% of the ARV.  We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note.  The money is 6 points at the table.  cash out refi investors and buy/hold/refi

Maryland, Philadelphia, PA, New Jersey, Virginia, Delaware, Washington, DC

Leave Your Loan Scenario Below

Off-Market Brentwood Development Deal with Approved Plans on Large Lot in Canyon.


This is a rare opportunity to build your custom Dream Smart Home in Brentwood.

DEVELOPMENT SUMMARY

RTI – Plans Approved and Ready to Break ground. New construction , Modern Cape Cod sitting on a ½ Acre, the 6,000 sq.ft. plans call for 5 beds and 7 baths, formal dining room, media room, open kitchen, bar, master suite with his & her walk in closets and much more. Choose to build with our company and earn a projected 40% ROI in 1 year.

Developer Special! Contact me if you want to check out the plans!

$2.2M Purchase Price

$1.8M Construction Cost

Lender ordered appraisal – ARV – $6.1M

Contact me direct – 323-632-3279 or inquire below.

Quick Business Funding (24-48 hrs)


Unsecured Business Bank Statement Program
– From $10,000 Up to $500,000 Unsecured in 1 Business Day! 
– Factor Rates from 1.15 to 1.499 
– Loan Terms up to 18 Months 
– No Red Tape Lending, very lite documentation requests! 

We offer lite documentation and no red tape, so this is quick money that can help with operating capital, repairs, purchases, or any other business need. We also offer $0 down equipment financing up to $250,000! 

$0 Down Equipment Leasing Program
– up to $250,000 
– No Appraisals required on new equipment 
– Purchase from any Vendor 
– Funds available next day
– Can include soft set up and installation costs! 
– Rates starting at 6.49%

If you would like to apply and see what we can get your business, please provide the following documentation: 

1. Completed Small Business Short Term Funding Application – Edward will send in an email to follow this one. 
2. ID 
3. 3 Months of Business Bank Statements 
4. Month to Date Business Bank Statement up to the day you Apply. 
5. Lease Agreement for the site, or mortgage statement. If the property is free and clear, please provide a letter of explanation. 
6. Signor’s Credit Report that shows all three credit scores. 
7. Business entity formation documents to include 
For Corporations / S Corporations:                      For LLC’s / LLPs         
A. Officer List                                                        A. Member List 
B. Bylaws                                                              B. Operating Agreement  
C. EIN #                                                                 C. EIN # 
D. Certificate of Good Standing or Business License  D.  
Certificate of Good Standing or Business License

Smart Home Lookbook 2019


Exciting New Beginnings

In 2019 Fix and Flippers will become Signature Smart Home Consulting, LLC. We are currently rebranding and positioning ourselves to become the authority on Smart Home Technologies and consulting luxury homeowners in California on the fast growing trend of smart technologies designed to create an unprecedented level of comfort, security & personalization in our homes like we’ve never experienced. 

The first of these Signature Smart homes is located in Malibu, California and will be one-of-a-kind. 

The goal is to duplicate and scale the hush-hush proprietary technology  and make available for developers and home builders in 2019-20 to be used in homes. 

We are currently purchasing an established construction company to increase our footprint and control the smart remodel process. We will be working with contractors who specialize in these technologies, as they are very cutting- edge and most contractors are not familiar..

We plan on fully documenting the rehab process and the special tech that we install in the home. 

We can also help investors and homeowners identify various forms of private capital to upgrade and remodel their homes, add value to the property, then refinance back into a low rate, long term mortgage.

For inquiries contact me below.

Off-Market Rent-to-Own Home for Sale.


owner-financing

4342855_DF70244B73EB9481A2CCA789B2EDF06C

The seller is offering exclusive owner financing terms on this single family home in Skyline Hills neighborhood. The home features 3 bedrooms and 1.5 baths. Built in 1962 with 1,169 square feet of living space.

7545 Gribble St. San Diego, CA 92114 

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The home has natural gas, public sewer & 2 car garage.

Down-payment with affordable payments with flexible terms.

Looking for a candidate with good to excellent credit &  solid income history.

Rent to Own Terms

contact_us_today

Off-Market Finished Lots for Sale in Michigan – Direct to Owner!


Golden Gate 1.jpg

I’m direct to the owner of the sub-divisions and he is a veteran builder. He can partner with you to build some beautiful homes in higher or lower price ranges!

Attn: Builders & Investors
Create your inventory!

Finished Lots in Genesee County Michigan

Price – $85K Value: $135K
11 Lots Available
Minimum home size is 3,000 SF
Room to develop 30 more homes
Established subdivision in Grand Blanc
It will cost around $350K = $130/PSF
Selling for $475k – $500k
4,000 SF selling for $700K
5,000 SF selling for $900K
Golden Gate 2.jpg

35 Finished Lots in Burton, Michigan

Price: $26K – $30K
Costs $120K to build 1,400-1,600 SF
( 3/4 with bonus room over garage w/2 car garage)
Established subdivision in Burton

Pine Creek 2

Pine Creek 1

If interested Contact Me Direct!

Successful Funding of Malibu Luxury Rehab Project


Last year, One of my real estate agent friends who is also an aspiring Hollywood producer and through his networking introduced me to a top production group on the Universal lot!

After a tour of the lot, we discussed the film business and the financing and investment in films they were producing.

This didn’t lead to any actual investments, but one year later, in February, my agent friend re-introduced me to this group and  after a short consultation in his office, we submitted the application package for pre-approval for a hard money rehab loan which I knew we’d get back asap because my partners and I had an established relationship with the private lender who funded the loan.

My client identified a fantastic but dated remodel candidate in Malibu with a breathtaking views of the Pacific Ocean! The property had been on & off the market since 2015 & it was clear that since the previous buyers fell out of escrow the sellers & agents were uneasy about the whole private funding offer and funding.

I knew that I only had one shot to get it right!

He negotiated a $2M purchase price, our contracting team submitted a $450K rehab budget, with a 4-5 month timeline.

We ordered the ARV appraisal, after a week, it came back at $3.6M!

The case and the borrowers were nearly a perfect candidates, except for one thing: They had no experience rehabbing high-end luxury properties, so the lender required us to join the borrower on the loan and sign as co-guarantor’s of the investment! This was unprecedented!

We entered into a project management & joint venture agreement with my borrowers which afforded them  maximum leverage on their $500k down-payment. We were able to secure 2-4 months of interest payments so that wasn’t a concern.

The plan is to refinance after the remodel is complete, payoff the hard money bridge loan @ 9.9% and 4 points, 90% of purchase & 100% of rehab, into a 30 yr, fixed rate mortgage with cash out if needed for further future investments.

We closed this loan in about 30-40 days, but this was because the property was occupied by a seller who needed extra time to vacate before we closed escrow.

We will begin rehab this week & documenting our progress as we’ll be using exclusive, new “smart home upgrades” which I’m not at liberty to disclose yet due to its status.

Our motivation to JV was based on the profit potential and deal viability as well as the borrower’s financial position and excellent credit score & profile. Also even though they were not experienced, they handled the first time investor duties with poise and we were impressed with their willingness to learn the process. Overall they were very pleasant and easy to work with!

If you have a project you’d like to joint venture on, contact me below!