Blogs

“St. Louis, Just Rehabbed, Like New!”

“This Cash Cow Duplex Needs Nothing But Your
Address To Send You The Monthly Checks”

http://www.youtube.com/watch?v=ICyI0Aav8CE

3305 Nebraska Avenue, Saint Louis, MO, 63118

All our St. Louis properties are completely rehabbed with all systems upgraded.

100% Turn Key.

Brick Duplex with 2-3 bedroom units

Square Feet 3,320

Property will be occupied at the close of escrow at $750 per unit for a total of $1,500 monthly.

Gross annual rent $18,000

Monthly Rent per Square Foot $ 0.45

Cap rate 15.1%

Cash on Cash return 21%.

Professional Property Management in Place.

Property will be occupied at the close of escrow

One year home warranty.

Purchase Price only: $ 85,000

Monday November 7, 2011 - So today I will start this DG journey. I started the book and plan to jump in around the holidays as I'm sure cash will be very much in need and I'm hoping to get an amazing deal for myself for Christmas! With a new outlook I am 1000% confident that 2012 will be extraordinary.

I have looked at a few listing and there is a part of it that states, "Certified/Wired funds will be requested upon contract acceptance."

I am looking to assign the contract, is this one that I just avoid? What does this statement mean?

Thanks for your help.

I live in Anchorage, tried to contact the local RI investing club but they don't respond, and I don't know if they are active at all. If anybody has any info on any investing groups in AK I'd sure appreciate if you shared:)
Thanks a bunch!!!

A week has gone by after my first deal, and I close on #2 tomorrow. I'm nervous. Only because my rehab team doesn't have the strongest leader- me. But it won't take long to figure out. I can already tell who I won't use to fix up property #2. So I guess I'm better than I thought! I have 2 guys I call the pokey brothers... to myself of course.

Deal number two I will use a separate crew. Except for my flooring guy and painters. My husband and I were going to help with the rehab, but I'm about 7 months pregnant and I just get in the way. Plus, working with the spouse... not as fun when you get home from work. That's why he won't be part of deal #2. I would rather be happy to see him at home than be upset at him for not fitting into my team as well as I would like him to.

Why not with my blog?

My wife and I are newbies, never purchased property before.. or even looked at real estate till now. We are hungry to get it started. I work in sales and have for the past 9 years or so, and Kether (my wife) works as a vet tech.

Our 30 days to real estate cash has come and gone, but we are here to figure out what it is going to take to take on real estate investing full time.

Being new we have hit some pitfalls, and gone from super motivated to not so much. Kinda funny how easily that can happen isn't it? Our first real snag was the need for proof of funds in order to lock in a property.

so if you have advise on that: love comments!