These  Charlotte multi family units has great cash flow potential!  All units have been totally remodeled inside.  This 6-unit multi family apartment can be purchased via owner financing with a down payment.  Two of the six units are rented for $500/mo each.  Of the four remaining units, 3 needs new hvac units, four of them need gutters, and two of them need some minor work done on the roof.  We have an estimate of the damages that cost approximately $12K.  All units are two bedroom, one bath, 700 sq.ft., and no repairs needed in the inside. The rents are $500/mo for all the units, when all vacancies are filled, this property will bring in $3K/mo.  Yearly expenses are approximately $8K.  Do a drive-by and contact me to view the inside.  This will definitely be sold Read the rest of this entry »

Welcome to the July 13, 2010 edition of wholesale real estate investing carnival.  Wholesale Real Estate is Hot!!  The millionaires of tomorrow are those that purchase properties right now, while prices are low.  The idea is to purchase real estate below market value, hold and rent it, then when the market goes back up, sell.  Warren Buffet says “You want to buy when everyone is selling and sell when everyone is buying”.  In today’s market, no one is buying and everyone is selling.

Below are links to this weeks blog carnival with great information.  Enjoy! Read the rest of this entry »

SOLD!!!!!

This  High Point wholesale real estate deal has great cash flow potential!  Property is located off of Manley st. which is near the intersection of Brentwood St. and E. Green St. in High Point.  It is a 2 Bed, 1 Bath home that needs little work.  Do a drive-by and contact me to view the inside.  Great for the newbie investor or seasoned.  This will definitely be sold Read the rest of this entry »