Showing posts with label potential. Show all posts
Showing posts with label potential. Show all posts

Tuesday, January 13, 2009

Leased for 2 years, Positive Cash Flow

5101 Powell, Blue Springs, MO

$165,900
2 year renter until Nov 2010
$1300 per month
$183 Positive per month
12 Miles to Downtown
1 mile to Bass Pro, Independence Mall, Costco, Lowes
1 Block to Blue Springs Lake
Schools, 8,9 and 10 out of 10 http://www.greatshools.net/

WHY BLUE SPRINGS?
12% population growth, (2x the national average)
Population 53000 people
Household Income $74,000 year
Median price home $174,000 (Affordable)
19% job growth projected next 10 years (Sperling Best Places)



Why Kansas City?

1. 2.5 million people
2. Income is 20% higher, and cost of living 20% lower than both national averages
3. Diverse economy. Federal (IRS, Reserve, Leavonworth) Tech, (Garmin, DST, Cerner), Telecom (Sprint, Verizon), Manufacturing (Hallmark, GM FORD HARLEY), Finance (HR BLOCK, American New Century), Logistics (YRC, BNSF and KC Southern Intermodals)
4. 17 Fortune 1000
5. 48% renter occ, and of those 75% renters live in units 25 years or older. (demand for new housing)
6. 75% of builders build less than 100 homes per year. (no mega developing, or major national builder presence)
7. Positive net migration of 1.2% per year past 10 years.
8. Job growth expected to reach 3% per year in 3 years
9. 4 billion invested in downtown econ, and total of 7 billion including the metro area
10. Great quality of life amenities and high end retail not seen an many other Midwest cities from Dallas to Chicago.
11. 6th smartest city by Kiplingers. And 2nd highest college grads in Midwest behind Chicago.

Sunday, January 11, 2009

New Construction, Bank Owned and Financed at low down



Total Down at closing = $2,000
$175,000 Price. Appraised $195,000.
Originally priced well above $200,000
Builder could not sell in time before the bank took them back. Now the bank wants to finance for you, Owner or Investor, for $2000 down.






Located on a quiet street in Atlanta Metro, Georgia.
These are big 2000+ square feet, 5 bedroom, 3 bath houses.
Complete move in ready, blinds, fridge, landscaping.
If you want to rent it out, or rent it, the market rent is $1200.
2 Homes just like this are rented for $1200 in the neighborhood.
The Mortgage payment will be $948 for the next 3 years.

If you live in Atlanta, you know about the wonderful reasons to live there.
Which is why over 1 million people have moved there in the last 7 years.
The most growth for any city in the US during the same time.

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