Author Topic: Real Estate investment  (Read 7830 times)

Offline Aaaron

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Re: Real Estate investment
« Reply #45 on: July 18, 2016, 02:05:46 PM »
Are they looking to invest or are they looking for investors? Proper punctuation would be helpful

They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.

Offline churnbabychurn

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Re: Real Estate investment
« Reply #46 on: July 18, 2016, 03:36:51 PM »
They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.
What do they collect?

Offline Work-for-ur-muny

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Re: Real Estate investment
« Reply #47 on: July 18, 2016, 11:48:37 PM »
They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.
Legit?

Offline good sam

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Re: Real Estate investment
« Reply #48 on: July 19, 2016, 07:38:28 AM »
What do they collect?
If I had to guess, they take something from investors up front.
If you don't care why would you comment?
HT: DMYD

Offline Moshke

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Re: Real Estate investment
« Reply #49 on: July 19, 2016, 08:19:28 AM »

Offline Palm5

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Re: Real Estate investment
« Reply #50 on: July 19, 2016, 08:28:13 AM »
Fundrise

Invested. Got two dividends so far based on roughly 10% annualized

Offline Palm5

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Re: Real Estate investment
« Reply #51 on: July 19, 2016, 08:30:17 AM »
Invested. Got two dividends so far based on roughly 10% annualized
U invested over there? Or just mentioning a lace to invest?

Invested. Got two dividends so far based on roughly 10% annualized

Offline Aaaron

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Re: Real Estate investment
« Reply #52 on: July 19, 2016, 09:53:33 AM »
What do they collect?

I'm assuming they're into the property for less than the 60k they got up front.  I can sell you a property right now for <10k that would be ready to rent for less than 20k.

Legit?

I've never worked with them professionally, but I've heard good things. 

Offline churnbabychurn

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Re: Real Estate investment
« Reply #53 on: July 19, 2016, 10:31:29 AM »
I'm assuming they're into the property for less than the 60k they got up front.  I can sell you a property right now for <10k that would be ready to rent for less than 20k.


And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?

Offline Dr Moose

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Re: Real Estate investment
« Reply #54 on: July 19, 2016, 10:34:30 AM »
And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?
As is with every real estate investment.
"El envidioso no quiere lo que tu tienes, lo que quiere es que tu no lo tengas."

Offline churnbabychurn

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Re: Real Estate investment
« Reply #55 on: July 19, 2016, 10:36:55 AM »
As is with every real estate investment.
Some are better than others. - these slums gotta be on the very high end.

Offline Aaaron

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Re: Real Estate investment
« Reply #56 on: July 19, 2016, 11:32:20 AM »
And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?

Turnover and the related costs are the only real issue.  Expenses are minor; about $600/year to insure, some basic maintenance, and a 10% management fee if you're not doing it yourself.  As with every RE deal, a good tenant can make or break the investment. 

Offline palm tights

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Re: Real Estate investment
« Reply #57 on: July 21, 2016, 01:56:43 PM »
Any one intrested

99 belmont ave brooklyn ny







 

99 Belmont Ave Brooklyn NY


Mixed Use building delivered vacant - Projected 8.7 Cap Rate



The property is located just off the intersection of two of Brownsville's main commercial strips -- Belmont Avenue and Mother Gaston Blvd.  It is also 1 block from Pitkin Avenue -- the neighborhood's main retail strip.  This is a great opportunity for an investor or an owner/user. 

this brick building has two large 3-BR apartments and commercial space on first floor plus 800 sqf fixed up basement

 

The building is in good condition it underwent major capital improvements in 2002.  Improvements include: new boiler, water heater, electrical, plumbing, stairs, walls, windows and doors, new service and meters for all utilities (water, electric and gas), a finished basement. A skylight was added in 2004 and a new roof was added in 2006. 


NEARBY

TRANSPORTATION

Subways

Lat Sutter Av 0.25 miles

3at Junius St 0.45 miles

Lat Atlantic Av 0.48 miles

3at Rockaway Av 0.49 miles

Lat Livonia Av 0.49 miles


Block/Lot:           3726/40

Lot Size:              20 X 50 1,000 SF

Building Size       20 X 40'

Stories:                3 plus finished basement

Gross Sq. Ft.:      3,000 (Approx) + 800 finished basement

Zoning:                R6

Assessment         $4,849

Taxes:                 $948

 

*Projected Income:    

*(please verify with your own rental brokers, numbers I wrote are based on feedback I got from real estates owner on that block and few different rental brokers)                                                   

(1) Ground Floor (Store)                 $2000 monthly 

(2) Apartment                                $2000 monthly

(3) Apartment                                $2000 monthly

Monthly total projected income $6,000

Yearly Total Projected Income $72,000


Estimated Expenses:

Real Estate Taxes (Actual)                          $ 948 WOW!

Insurance (Actual)                                      $2,860

Water and Sewer                                        $1,200

Fuel (Gas)                                                 $3,600

Electricity                                                    $650 

Total Expenses                                   $9,258

Projected Net Operating Income    $62,742


Asking 720,000 GIVE YOUR BEST SERIOUS OFFER!

cap rate: 8.7


Lot

Lot sq. ft.1,000 ?Lot dimensions20 ft x 50 ftCorner lotNoBuildings on lot1

Floor Area Ratio (FAR)

Max far2.43 ?FAR as built3.2 ?Maximum usable floor area2,430Usable floor area3,200SF over FAR770

Max FAR depends on several factors including zoning, location and use. FAR values for this property are: Facility FAR 4.8, Commercial FAR 0 and Residential FAR 2.43

Building

Building classPrimarily Two Family with One Store or Office (S2) ?Sq. ft.3,200Building dimensions20 ft x 40 ftStories3Has garagen/aYear built1899 (estimated)Year last alteredn/a ?Certificate of OccupancyClick here ?

Use

Residential units2Commercial units1Residential sq. ft.1,600Retail sq. ft.800Other sq. ft.800

Zoning

District codeC1-3/R6

 


I.m ready to listen to a 689k NET offer





Offline hocker

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Re: Real Estate investment
« Reply #58 on: September 20, 2016, 09:04:31 AM »
Anyone interested in providing a construction loan of $190K in cash for a return within 30-60 days of $197K is welcome to PM me.

Pretty straightforward deal.

Extremely Serious Inquiries Only.
Car Rentals in Israel - http://www.rechev.rentals/

Offline palm tights

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Re: Real Estate investment
« Reply #59 on: September 20, 2016, 09:08:17 AM »
Anyone interested in providing a construction loan of $190K in cash for a return within 30-60 days of $197K is welcome to PM me.

Pretty straightforward deal.

Extremely Serious Inquiries Only.
Seriously?  Lol