June 2009
Too much to handle????
June 30, 2009 by admin · Comments
A few days were missed in me bloggging,however this days were fullfilled by lots of action in my life and now on I will do my best to have at least a few lines per day as basic routine schedule… First of all my life have always been a series of explorations and challenges [...]
CLOSED a 10-Unit Motel in Hollywood Beach today
June 29, 2009 by admin · Comments
333 Walnut Street, Hollywood Beach, FL
MIami 1 bed 1 bath condo for $19.900!!!
June 26, 2009 by admin · Comments
lets look at numbers $250 miantenance and $2.400 taxes leftover(half of it) from the previous owner which will be reassessed and lowered next year and North Miami busy location with section 8 easy $700 per month voucher!!!
Simple cashflow of at least $400 per month-minimum!!!
AND THE BEAT GOES ON!!!!!!!!!!!!
June 25, 2009 by admin · Comments
I remember being a kid and going absolutley nuts when hearing “Billy Jean” or “Beat It” songs,”Thriller” and the “The Bad” albums,today I am paying tribute to an epoch in musical history of the planet Earth,and amazing virtuozo dancer and singer Michael Jackson his last stay was at Bel-Aire mansion leased out at $100.000 per [...]
Just Closed A 2/2 For $29,900.00
June 24, 2009 by admin · Comments
16215 NE 18 Ct. Unit 107 – North Miami Beach
Rainy day and new cheap houses ,mon!!!
June 23, 2009 by admin · Comments
Heres quick list all the properties to be sold with warranty deed and clear title
1.Canalfront 4/2 2 car garage over 2700 sq ft $125k asking 22260 sw 65 ave
2,729 nw 19 ave Ft lauderdale FL,33111 3/1 section 8 rented at $1012 p/mo I say cashflow!!!
3.1510 nw 11 ct Ft Lauderdale 33111 $43.500 3/2
4.1651 [...]
How could I forget about this???
June 23, 2009 by admin · Comments
Really quite a few people have told me that this time around the prices are quite down,but not the first time ever I know a few that have had three prior experiences of this sort and lived through the drastic market flactuations..with that said the deals for cashflow today are unbeleivable.Hey,where else in the world [...]
Record heat in Miami 101 degrees!!!!
June 22, 2009 by admin · Comments
Today was another crazy day with runs between Sunny Isles Beach and Hallandale -got my contract in Golden beach done,came closer on the small 4/2 Sunrise for $26k,getting wire for the 2/2 for $29k tomorrow,friday the last wire for $300k is coming for the brand new waterfront deal in Hallandale ,all in all lots of [...]
No mas frame houses or my new golas set!
June 21, 2009 by admin · Comments
In one of my previuos blogs I have posted my partners frame stucco single family and although the deal looked good term-wise(FHA financing)and equity (over %40 spread) I am taking it off and am really dissapointed with my action of offering it since dont beleive that frame house in Miami can be an investment period.Climate [...]
Creative deals all ocer the place NOW!!!
June 19, 2009 by admin · Comments
Talking about deals with no $$$ out of pocket or seller financing,so many assumable loans out there as well as wraparound mortgages it is not even funny it is just hillarious!!!
Have brand new Chevron gas station valued over $2.5m that cashflows over %17 CAP and can be picked up with only $300k out of pocket [...]
Easy-quick rehabs Ft Lauderdale !!!!!
June 19, 2009 by admin · Comments
1510 NW 11 Ct., Ft. Lauderdale 333113 bedroom, 2 bath CBS house. Needs CAC and general updating. 1088 sq. ft. Great rental.
ASKING $45,000
2740 NW 7 Ct., Ft. Lauderdale 33311 1800 sq. ft. 3 bedroom, 2 bath CBS house. Easy to rent at that size. Central AC. Carport. Roof work needed in one place.
ASKING $45,900
FHA deal in Miami under appraised over %40!!!
June 18, 2009 by admin · Comments
98 NE 60TH ST, MIAMI, FL, 33137
FRAME STUCCO (NICELY REHABBED)
3/2
VACANT
1,396 sq ft’
APPRAISAL @ $150K
ASKING $90KAnother HOT summer day with closing of my estate deal in Hallandale at 643 SW 7th ct and running around with the Golden beach and the gas station deal as well as the Sunrise rehab,not mentioning the deals in Sunny Isles [...]
Texaco gas station subject to deal!!!
June 18, 2009 by admin · Comments
Buy this one with %9 CAP and +++ upside potential with only $250.000 out of pocket-motivated seller,foodstore,flower kiosk,mechanic shop with two bays and three credit card pumps for all your needs and wants,A++ location in North Miami beach -a true cashcow!!!!!!!!!!!
22-unit multifam %100 occupancy $80k NOI
June 17, 2009 by admin · Comments
With $250.000 down seller will carry or can assume existing financing on terms ,property consists of three buildings with mix of 1-bedrooms and efficiences with under market rents and tenants some with as long history as 14 years,currently there wating list for vacancy,seller claims have redone over %60 of the property.Asking $850.000 which is whopping [...]
FHA deal Miami
June 17, 2009 by admin · Comments
4930 NW 8TH AVE, MIAMI FL, 33127NOT LISTED 4 BED, 1 BATH CBS 1,396 SQ FT. FULLY REHABBED FHA OK! I AM GETTING IT FOR $120K COMPS AT $150k to $155k
1651 NW 28th Ave Ft Laud 3/1 $59k rehab on lock box
Cheap houses move-in condition Miami-Ft Laud!!!
June 17, 2009 by admin · Comments
Just a few Real solid deals ready for move-in NOW!!!
850 NE 143 st North Miami Beach 3/2 over 1200 sq ft with good size yard and mango tree!!!
Seller finance,FHA,Conventional u choose!!!!!!!!!!!
June 16, 2009 by admin · Comments
With that today was an absolutely crazy HOT day with me running from (by the way went to bed at 4:20 am and got up at 8:30)Hallandale beach to Golden Beach facilitating a few deals ending up losing an -8plx contract on Adams st in Hollywood and coming closer to couple closings on my other [...]
DUPLEX 2/1 & 2/1 FOR ONLY $39.9K!!!!!!!!!!!!!!
June 16, 2009 by admin · Comments
2211 NW 20TH ST, Fort Lauderdale, FL 33311 The new price is $39,950. The details and terms of offer are below:- Lockbox 4928- Closing date: on or before June 26, 2009TERMS OF OFFER Minimum acceptable deposit is $5,000 presented in the form of acashier’s check 24 hrs after acceptance of offer. Deposit is nonrefundable. [...]
2/2’s under $100k North Miami Beach waterfront!!!
June 15, 2009 by admin · Comments
Two approved shortsales in Royal Bahamian condo community in 1175 NE and 1075 NE Miami Gardens drive #610 for $84.9 and #202 for $95k both are upgraded and are ready to move in with direct water views ,maintenance is just under $300 and first year you have rental restriction ,howeverr this can make a great [...]
Waterfront steals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
June 15, 2009 by admin · Comments
This are definit buys with intracoastal home in Pompano Beach 6230 NE 19 ave 3/2 CBS with a pool and a garage and almost 2000 sq ft for only $269.000 US dollars!
And this one is a real gem in Hollywood Beach at 1220 N 11 ct in East section of Hollywood lakes on the small [...]
Morning Jade Ocean/Beach tour Sunny Isles Beach
June 15, 2009 by admin · Comments
The prices are $550 p/ft which is pretty good for brand new oceanfront wiith 57cents p/ft maintenance .The 1bed starts at 1000 sq ft and goes to 1200 sq ft,and the 2/2+den on the 41st floor is offered for pretty much the same just under $1million as the 18th floor 3/3.2 with see through floor [...]
Home runs in Tampa for quick sale!!!
June 15, 2009 by admin · Comments
Wow four crazy deals for your cashflow portfolio,or maybe we should call it a pension fund?
1. 2615 E 28 ave 33605 2/1$35.000 US dollars only asking rehab
2.504 Floribraska ave 3/2 33603 asking only $55.000 US dollars rehab
3.Move in ready 3/1 $53.000 asking
4929 S 14 ave Guflport ,33707
4.3918 Bay Vista ave asking $89.000 2/1 move [...]
Record setting sale in Hallandale beach!!!
June 15, 2009 by admin · Comments
A 3/2 CBS went under contract at $33.000 US dollars in 818 sw 5th ct which is a killer deal for that sleeping residential neigbourhood!House is in need of the rehab which does not minimize the crazy price which is under land value!!!
Where the heck is Detroit???
June 13, 2009 by admin · Comments
And what I mean by that just the fact that lately theres absolutely no need to buy houses in the notorious automibile giant where properties are almost impossible to rent whereis instead theres much better in terms of (climate and rentability,as well no frame stucco built) cheap condos and houses in Miami …Simply put it [...]
Approved shortsale in South Beach for only $110k!!
June 13, 2009 by admin · Comments
Hello and welcome to my new blog with crazy deals in Miami !!!!!!!!!!
Lets forget bout Detroit and Cleveland we got better deals with CBS houses for under $25.000 US dollars !
Will start out with the 1/1 over 500 sq ft in a heart of SOBE shortsale approved at $110.000 dollars !Walk to the ocean,no rental [...]
Types of properties we specialize in:
June 9, 2009 by admin · Comments
Sample #1
Bank owned condos in Miami starting at $20.000
*Purchase price $20.000
*Closing cost + taxes $5000
*Cosmetic rehab $3000
Total expenses : $28.000 out of pocket ***all the numbers are approximate and may vary
Rental income per month $800
- $200-$250 monthly maintenance (condo fee)
- $100 management fee
- Total net deposit on the monthly basis to your account $450-500
Sample #2
Bank [...]
