jasuia

Just wanted to say hi & welcome you to the DG site Don't hesitate to ask me anything about REI to help you on your way to success, so ask away & stay in touch on your progress...

Everyone Can Make A Difference!
John A.

Thank you sooo much for the welcome I am really excited and have tried to connect with people so I really appreciate it

Thank you sooo much for the welcome I am really excited and have tried to connect with people so I really appreciate it

Thank you sooo much for the welcome I am really excited and have tried to connect with people so I really appreciate it

Struggling newbie, I heard you say on one of your posts? Is there something you having a hard time with?

John A.

Hey Jazz....

We will make something happen!

We are trullly happy to have you as a new member on the site anddefinately welcome you!

Robert

Does anyone know any lending institutions that will lend to an investor with more than 4 properties. No banks will even talk to mme.

May You have Great Success on your Journey!

Thanks For Coming Aboard!

JJD

As a former Clevelander,I currently live in S. Cali, I know the Cleveland market well,spent 30 yrs in the Brookpark area.Because of that I am seeking people like yourself to network with in my old hometown.Maybe do some partnering?Frank

Hi Jazz I lived in Cleve all my life untill a J-O-B transfered me to Cali. But my family & heart are still in Cleve & I am looking to invest in My old area.I would like to partner with someone from that area & in the DG family to just chat & exchage ideas about RE. Thanks.

Hello,
We are new investors and new to the DG family. We are looking forward to a blessed and profitable year. We believe this system is the right path to financial freedom and creating a legacy for our families.

Hi,

Just want to say thanks for you and all that contribute to this group and this site, it is a blessing. We all can make a difference. I am a Cleveland investor, looking for a dedicated Mentor that will help me achieve my Successful Real Estate dream.

I hope to learn a lot from this site, and all of you.

I am presently starting out building a buyers list, if there is anyone that has tip, ideas that can help me with this don't hesitate to contact me. Looking forward to hearing from you.

God bless and success in the coming year and forever.

Deb

I have a project in that area. will try to add here:
eatures:
Location: Near Cleveland (ready access to: Akron, Toledo, Sandusky, etc.) Neighborhood: Middle class in a thriving community
Type: Multi-Family Complex with 95% occupancy Year Built: 1994-96 Style: Duplexes w/garages Lot Size: 11.16 Acres Number of Units: 27 Units (2 are rented lots to be developed)
Number of Buildings: 14 Number of Stories: 1 Parking: Surface and garage parking available
Adjacent vacant land: Approx 8 acres (33 units to be built and sold)
Net Operating Income (NOI): $119,383 ($9,949/mth)
Purchase Price: $1,250,000
Phase I -- Condo conversion and sale of 25 units
Phase II -- Development of 33 units on adjacent land
Unit prices set for middle income households
Existing units to sell at about 30% lower prices than new units Existing tenants to get first priority for purchase of their own units
Cap Rate: 9.6% 12-18 months 24-36 months
Investment Option A: 20% Down Payment Only (Secured with 2nd Mortgage)
Amount
20% return on investment
Term
Monthly payments to investor Balloon Payment
$250,000
$50,000 (Immediate cash flow) 12 months
$4,166.67 (Paid from NOI)
$250,000 (within 12 months)
Investment Option B: 25% Down Payment Only (Secured with 2nd Mortgage)
Amount
20% return on investment
Term
Monthly payments to investor Balloon Payment
$312,500
$62,500 (Immediate cash flow) 12 months
$5,208.33 (Paid from NOI)
$312,500 (within 12 months)
Investment Option C: Full Purchase Price (Preferable)
Amount
20% return on investment
Term
Monthly payments to investor Balloon Payment upon sale of Phase I Balloon Payment upon sale of Phase II
$1,250,000
$250,000 36 months $6,944.44
$625,000 $625,000
(Secured with 1st Mortgage)
(Immediate cash flow)
(Paid from NOI) (within 24 months) (within 36 months)
Investment Option D: Development Project
Amount
12% return on investment Total payout from sales
$3,725,000.00
$447,000.00
$4,172,000.00 (within 36 months)

One way to find buyers for your list is to attend an investment group or club. Try ICORE or IRROC and check your state to see if any exist around you. There should be and you can meet up with investors then. Hope this helps, take care