Available Strategies

Strategy I: REOs (MLS)
Strategy II: Turnkey rehabbed and rented properties
Strategy III: Low-priced fix and flips
 

Strategy I

Low-priced Fix and Flips

 

 
Purchase price: $40,000 – Bought at the courthouse steps at an auction 
 
Rehab cost: $15,000 – this includes holding costs until sold
 
Average holding time 4.5 months
 
Profit: $17,000 – after closing costs and sales commission
 
Local team handles the transaction cycle from start to finish: researching properties before the auctions, bidding at the auctions, rehabbing and selling.
 
Profit sharing: the local team splits the profit with the investor, i.e. they only get compensated if there is a profit.
 
 
Program’s successful elements
 
Most of these elements are not typically seen in houses in this area:

1. Priced to sell quickly
2. Better than area’s standard finishes
3. Attractive fixtures
4. House staging
5. Finished garage
6. Quality photos

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544

 
 
Sample Fix & Flip
 
Address: Cutters Mill Dr. Lithonia, GA 30058
 
4 Bedrooms | 3 Bathrooms | 1686 Sq. Ft. | 2003 Built | 2 Car Garage
Purchase price: $38,500
Repairs cost: $17,000
Total in: $55,000
Sale price: $74,000
Profit: $19,000
Offer accepted time: 6 days from listing
 
Before Photos

 
 
 
 
 

Strategy II 

 
Turnkey Rehabbed and Rented Properties
Price ranges: $45,000 to $70,000.
These properties are rehabbed and have a renter inside (or in the process of placing a tenant).
Rents are from $750-$1150 a month
Properties are located in good areas and in nice communities.
Note from Dani: I have driven into some of these communities and saw well maintained homes and streets.
 
Financing options:
Option A: Cash purchase
Option B: Purchase a $65,000 or higher priced property. Properties under $65,000 will not qualify for conventional financing.
Option C: Private lender (high rates)
Option D: IN SOME INSTANCES there are properties with seller financing – 50% financing at 7% interest rate. Qualifying is simple and easy (limited amount of houses under this option)
 

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544

 
Sample Turn-key property
 
Brookstone Pkwy Ellenwood, Georgia 30294
 
4 Bedrooms | 3 Bathrooms | 1864 Sq. Ft. | 1987 Built | 1 Car Garage
Rent ready property.

 
Hemingway Rd Stone Mountain 30088
3 Bedrooms | 2 Bathrooms | 1344 Sq. Ft. | 1980 Built | 1 Car Garage 
Rent ready property.

Strategy III 

 
REOs
 
Prices for good properties in good area are from $30,000 
 
Homes need $12,000-$15,000 in work: new carpets, new paint, appliances, A/C compressor and some additional touch-ups
Financing: cash
Market value and Comps
Local team includes:
Purchase broker
Property management in place to handle the leasing and managing
Repair team to handle the work
Rents are there to support these low purchase prices.
Call or email me if you are interested to learn more about this opportunity or to start investing in this program.
 
Sample of REO Property
Waldrop Creek Court, Decatur GA 30034
3 Bedrooms | 2.5 Bathrooms | 1646 Sq. Ft. | 2000 Built | 2 Car Garage
This house needs new paint, new carpets, appliances, touch-ups, power wash exterior.

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544