rent ready: Hard Numbers on Jackson rehab properties
- 02/04/08 07:48 AM
My partners and I have been talking up, emailing out, and posting these cute (and profitable) little Jackson, MS rehab properties for a while. I thought I'd post a case study that shows what a value we've really put together. Here's a property we sold a while back in Jackson (click on image for full screen view): Note that, all in (acquisition plus rehab costs), this buyer had less than $50k into this property. I just visited Jackson last week, and went around seeing some of the new properties, as well as checking up on some of our recent sales. I went past the 524 … (1 comments)
rent ready: An Entirely New Model for Jackson Rehab Properties- Rehabed and Rented, No Money Down, No Guesswork
- 08/22/07 06:00 AM
While the Jackson Rehab Properties and even the Rent Ready Jackson properties are attracting numerous buyers, we have been able to develop yet another track for those investors, or would-be investors, who simply want the guess work taken completely out of the equation. For them, we have the Rehabbed and Rented model. The transaction is structured exactly like the Rent Ready Jackson Properties, except the avialble cash out at the end is a little less: Initial outlay: 5% of purchase price plus $1000 commitment fee (purchase price is typically 75% or less of After Rehabbed Value) Seller Carries 95% at 15% interest for 45 days … (0 comments)
rent ready: Rent Ready Rehab Properties in Jackson, MS- Little or Nothing Down for Positive Cash Flow
- 08/22/07 05:39 AM
We have been pleasantly surprised by the response to our Jackson Rehab Properties. The properties come with built-in equity, and yet still cash flow. Some of our investors, however, have expressed an interest in eliminating some of the incertainties by acquiring properties where the work is already done, so the cost of rehabbing is known. Additionally, because it has already been through a rehab loan process, a definite value can be ascertained, because the appraisal has already been done. What makes this unique, though is that we are sturcturing the acqusition financing in such a way that the buyer will, in … (0 comments)
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My partners and I have been talking up, emailing out, and posting these cute (and profitable) little Jackson, MS rehab properties for a while. I thought I'd post a case study that shows what a value we've really put together.;)
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