[Arcinio Arauz]

Arcinio Arauz

I met with an older Columbian lady this morning. She has 17 properties and wants to sell. I asked her what she wanted and she says she’ll sell all or some. It makes no difference to her. She just wants to liquidate and have some cash. All properties are being rented with good tenants (some 7 years, 13 years active with on time payments. 5 homes are free and clear and the other 12 have lower fixed mortgages. A master lease deal would not work as she and her daughter manage and collect rents for all properties. They don’t mind the management part as they have always had good rentals.
So My question to CFD….
What would be my best approach on this deal?

summary:

17 properties total
5 free and clear
12 fix rate mortgages
none need any work
rental income
equity in many of the homes
will sell all or some, whatever comes first

Please assist!

[Arcinio Arauz]

Arcinio Arauz

Also wanted to some numbers although not yet verified but this is what the gave me…

$2.9 million in property value
$1.1 million in mortgages

$16k in rental income (gross per month)
$13k in expenses ( P&I, insurance, taxes, upkeep)

about $3k left over in cash flow

[Jackie Lange]

Jackie Lange

wow, that is really skinny cash flow for so many houses with such a high value and loan. Not very appealing cash flow

are you sure your numbers are correct??

seems the only thing you can do it get an option for as little as possible them start marketing the houses as a package and individually. Market both ways simultaneously.

contact the hedge funds that I have you a list of at the stealth seminar.

and follow the other instructions you got at stealth investing for finding who is buying in that area.

[Arcinio Arauz]

Arcinio Arauz

I will double check the numbers…that’s just what they told me. I was thinking of doing a HBS on the five free and clear, selling all as a package or one by one. The try my best to sell the other twelve that a have a mortgage.

[Wydell Conley]

Wydell Conley

Hello Everyone,
I would like some ideas on structuring the following deal:

* Owned Free & Clear (Son Inherited from Mother)
* Single family 4 bed / 1.5 bath
* 1,800 sq. ft.
* Built 1971
* 1 car garage
* Foundation is Ok
* Needs full cosmetic update ( Kitchen, Baths, Carpet, Paint {Interior & Exterior}, Gutters, Landscaping, etc.)
* Took loan against property ( Still owes $11,000)
* Seller needs money!
* Not Listed with Realtor or at All.

Similar Homes For Sale: (All 4 bed / 1+ baths, 1700+ sq. ft.)

1. $234,900
2. $214,900
3. $214,000

***All 3 homes are on the same street as Subject home.

Thanks Everyone,

Wydell Conley
[email protected]
O: 302 754 1715