Showing posts with label Research. Show all posts
Showing posts with label Research. Show all posts

Tuesday, January 6, 2009

Put up $2000, and receive $100 per month in return

How about this for a business opportunity?

1.
You invest $2000, up front
2. In return, you will get between $89-$163 per month in return
3. You will have your $2000 back in 1.6 years.
4. You keep receiving payments until you ultimately own a $118,000 asset
5. At which point, your monthly receivalbe will now increase to $600 per month
6. Each year, your monthly income may increase 3%, depending on market conditions
7. Each year, the value of your asset could also increase about 3% per year depending on market conditions

Yes, this is a Real Estate Transaction, and it sounds too good to be true.
But it’s not. Take a look at this example:

Just under 10 miles from downtown Atlanta

$118,000 home for $90,000,
That’s $2,000 down and $88,500 borrowed at 6% 30yr fix.

WE CAN FINANCE THESE TERMS
Rents are $925 for similar properties
Beautifully remodeled.
Previously foreclosed on, provides for deep discounts.

Georgia gains the 4th most population in 2008. US Census.
Atlanta is home to the world’s busiest airport, and 22 of the Fortune 1000 HQ.


Steve Roesch
Market Advisor
Cell: 503-318-6351
steve@northpointgroup.com

Saturday, January 3, 2009

Low Risk Foreclosures for $7,000

Let's talk foreclosures...
What's on your foreclosure wish list?
  1. Deep Discounts
  2. I don't want to buy bulk
  3. Built in Quality Tenants with Cash Flow
  4. No Surprise Liens
  5. No Repairs Needed
  6. And I want the ability to use financing for leverage
The majority of foreclosures usually come with a discount. But you're lucky to get one other item off the wish list. And, the deepest discounts are usually found if you buy in bulk.

Everybody wants to get a deal.
But if you have to go Deep into your pocket, to get a Deep discount, it's not much of a Deal.

Let me show you how you can acheive your foreclosure wish list and still have a Great Deal.

Example:
Foreclosed Duplex
Wholesaler Acquires in Bulk for Deep Discount
Title Cleaned, Property Rehabbed, Professionally Placed Tenants.

$130,000 appraisal
Numbers of the Deal:

$104,000 Price and Only $7,000 Down
$1150 Rent Per month, Total for both sides
$165 ++Cash Flow per mo. after all necessary expenses and foreseen maintenance

$7,000 is the total cash investment for Down Payment, repairs, lease up expenses, start up vacancy, etc
$97,000 is the loan with 30 year fix loan at 6% rate (rates change daily, not guaranteed)

Where are these Deals located?

We have similar programs like this in several markets across the US.

This duplex is located in the Atlanta Metro. Specifically, Covington GA, just 30 minutes East of downtown Atlanta.

Atlanta Accolades

One of the highest ranked cities for jobs and population growth in the country
over the last decade.
Huge Rental Demand. Nearly 50% of residents are
renters.
Home to the World's Busiest Airport and HQ for many
mega-corporations like: CNN, Coca-Cola, UPS, Home Depot, Delta, and more. About
27 of Fortune 1000 are HQ here.
Lots of Government jobs including, GA State
Capital, Military Bases, Federal Reserve Bank, and the CDC (center for disease
control)
Home to 5.1 Million people, and attractions for all, such as: NFL
Falcons and Major League Baseball Braves, SIX Flags Amusement Park, Nascar at
Atlanta Speedway, and the Nations Largest Aquarium.

Call me for more Markets and Deals, or Follow the Blog

Tuesday, December 30, 2008

Jacksonville, Florida. Great Investments.

Jacksonville appears to have suffered less real estate pricing volatility than most Florida markets. The pricing correction has appeared to slow down in its decline, and many submarkets have actually seen small month over month increases. (study by DataQuick 12/08)

Would I say buy? Yes, But, Buy at a discount!

Reasons Jacksonville is different than other markets:
  1. Diverse Economy= Government, Military, Distribution, SeaPort, Financial, Manufacturing, Retail Headquarters, Medical and Telecom

  2. 7 of the Forbes 1000 are Headquartered in city of Jacksonville. 2nd most in Florida behind Miami

  3. 3rd most population growth in Florida from 2006-2007. Above Tampa, Orlando, and Fort Myers.

  4. #8 Best Place for Real Estate Bargains. Forbes Magazine 2008

  5. #3 Best City in US for Jobs. Forbes Magazine 2007

  6. 9.5% Population Growth 2000-2007

Here are some statistical demographics on the area:



  1. 12th Largest city in the US. 805,000. 1.5 million in the MSA

  2. Median Home Price $175,000

  3. Median Household Income $50,000

  4. JaxPort (international foreign trade zone) supports 43,000 jobs

  5. US Navy supports 35,000

  6. Home of Fidelity Nationa Financial Headquarters

  7. Home to PGA Tour Headquarters

  8. Home to NFL Franchise -- Jaguars

  9. Hosted 2005 NFL Superbowl

Many cities of similar size are not considered for an NFL Franchise, let alone considered sufficient to support a Superbowl.

Jacksonville has an economy strong enough to support and attract amenities that some major markets cannot.

Its location on the coast increases the quality of life component, with less fear of the hurricane factor. Jacksonville waters are a cooler temperature than the rest of Florida, and it is located North of the Gulf Stream. No hurricane has come close since approximately 1964, therefore the insurance rates are lower, making this a better cash flow investment than other cities in Fl.

Where to buy in Jacksonville:

  • West of the city. East is pricier because it's coastal. The median income is a tad low for the median home prices. To buy conservative, you want to invest where it is most affordable for the majority of home buyers.

  • Near the 295 Loop. Most of the jobs are downtown and at the Ports. JaxPort has 3 major locations and the Naval Bases have two. Commute to all 3 job sectors is best near this major arterial freeway.

Property Profile:
















Remodeled Foreclosures, allow you to purchase at discount, without the headache of repairs, extra liens on title, and large capital investments. Companies, NorthPoint, can help find the safest investment, complete with improvements and with tenants already in place.

Be ahead of the curve.

Steve@NorthPointGroup.com
503-213-3550
rushsteve1 @ skype
http://www.linkedin.com/in/steveroesch