Wendell Butler and team at Hammerhead Capital Inc. have added over $1 million in value to this property in 2024. Here's how they did it 👇 🏢 Property details - Purchased November 2023 - Lancaster, South Carolina - 32 unit apartment building - C+ Class, 100% occupancy at time of purchase 💸 Finances - Purchase price: $2,050,000 - Capital raised: $765,000 used for down payment, closing costs, and reserves - Debt structure: $1,537,000 loan, 8% interest, 1 year interest only, 5 year balloon (no pre-payment) 💼 Business plan - Interior cosmetic repairs and rent increases as units become available (paint, flooring, kitchen, bathroom, appliances) - Additional renovations have included foundation repairs, roof repairs, electric panel upgrades and plumbing fixes 🍾 Projected Results - Targeting a 6 year hold with these results: 15% CoC, 18% IRR, 8% pref return - Current property valuation: $3.2 million - Goal is to refinance in 2024, return initial capital to investors and continue providing cash flow, then refinance again or sell at year 6 __________ If you have a deal you'd like to feature here and in our weekly newsletter to over 29,000 investors, leave a comment! #cre #commercialrealestate #realestate #realestateinvesting #realestateinvestor #investing #investor #investment #multifamily
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Turning $5715 ➡️ Into $50,000 🤯😱 Here’s How 👇👇 🟥 RENOVATION COSTS: new flooring, paint, & repairs (➖$5715) 🟥 🟩 CASH FLOW: annual rent for this unit increases (➕$3825/yr) 🟩 🟩 PROPERTY VALUE: Multifamily properties are valued on performance and not sales comps (➕$50,000) 🟩 ….and the best part, this was only 1 of our 10 units at the Property 💰📈🤯 👉 www.cashcre.com 👈 👉 www.NoStressDTS.com 👈
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Mortgage and Credit Specialist, NMLS #150553 Mortgage and Credit Pro, NMLS #101770 DBA of Northwest Funding Group
Struggling with limited space in your home? 😟 Try these creative storage ideas ⤵️ ✔️ Vertical shelving ✔️ Under-bed storage ✔️ Multi-functional furniture ✔️ Hanging organizers ✔️ Pegboards ✔️ Fold-down desks ✔️ Over-the-door organizers Did you know that homes with dedicated storage solutions, like built-in shelves and garage storage systems, can increase property value? 💰 Effective storage not only helps keep your home organized and clutter-free but is also a highly sought-after feature by potential home buyers. It turns out, a little extra shelving could lead to a bigger return on your investment! 📲 503.550.8842 #LitchfieldPark #LitchfieldParkAZ #LukeAirforceBase #ArizonaRealEstate #ArizonaRealtor #MovingtoArizona #MortgageBrokers #MortgageSolutions #MortgageSpecialist #MortgageandCreditPro | Equal Housing Lender | NMLS #101770
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When investing in property, the finer details matter more than you may realize. Don't gloss over key info when picturing future returns. ✅ Research neighborhood growth - population, new construction, job projections ✅ Dive into school ratings - impacts demand and appreciation ✅ Analyze recent sales & crime stats - know what you’re getting into ✅ Vet permits & rental history - learn occupancy rates and demand 🌟 When refurbishing, sweat the details too: - Vet appliances, fixtures through reviews before buying - Check contractor licenses, referrals, backgrounds - Optimize floor plans and layouts 👷♂️ Don't cut corners on refurb quality: - Thoroughly inspect all work before sign off - Ensure paint, trim, flooring meet your standards - Catch faulty cabinet installations early - Test appliances and lighting before closure Sweating the fundamentals early on takes work but pays dividends through better investments. Get granular on the details! #property #investment #business
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CASE STUDY: This first-time borrower knew what he was doing when he purchased this Maryland property. It barely needed any work to put back on the market: his renovation budget was a mere $10,000 that the appraisal estimated would pay off tenfold. The most expensive aspect of this project was re-painting the home for $1,600. Some of the other improvements included adding carpets, refinishing the hardwood, and installing new appliances. Have a property in mind? Pre-qualify for funding today: https://lnkd.in/gqntaNAW #realestate #realestatetips #realestatefunding
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HOW TO BUY A PROPERTY NEEDING MAJOR REFURBISHMENT If you are a property developer and looking to buy properties that require a lot of work done to them, but not sure how you can raise the finance needed - then this video will be of interest. In this video I show an auction property that needs major refurbishment throughout - new kitchen / bathroom / flooring / plastering etc and I show an example of how bridging loans can be used to help you purchase these types of properties. You can watch the video here: https://lnkd.in/et4ax_N3 If you have a property project to discuss, you can reach me by: Schedule a Call: https://bit.ly/2VOv9tS Website: https://lnkd.in/dUPWQwDi YOUR CAPITAL IS AT RISK IF YOU DO NOT KEEP TO THE TERMS OF YOUR AGREEMENT THE MONEY HUB LIMITED ARE A LICENSED CREDIT BROKER AND NOT A LENDER. #propertydeveloper #propertydevelopment #bridgingloans #bridgingfinance
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Property Buyers Agent Residential & Commercial, Creator of First Home Buyers Course, Creator of Residential Investment Course, Property Mentor, Speaker, Mindset & Wealth Coach, NLP Practitioner
Let's talk Strategy Stacking! How are you going to take control over increasing the value of your property and increasing its rental return? Will you: ✅ Carry out a cosmetic renovation? ✅ Carry out a larger renovation including roofing, moving walls etc? ✅ Add an additional bedroom? ✅ Add an additional ensuite or bathroom? ✅ Divide the home up into 2 separate homes? ✅ Turn the home into co-living? ✅ Build a 1, 2 or 3 bedroom granny flat? Additional equity can be withdrawn for your next purchase and the additional rent will see you being able to service more debt hence being able to borrow more for your next property 🏠 🏠 🏠 Feel free to reach out if I can assist you in any way for you to start or expand your property portfolio. #property #propertyinvestment #propertyinvesting #propertyinvestor #propertyinvestments #propertyexperts #propertygoals #residentialproperty #dianeklemgoode #goodepropertygroup #buyersagent #buyersadvocate #propertyportfolio #cashflow #cashflowproperties #wealthcreation #wealth #propertystrategies #propertystrategy #propertyplanning
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Purchasing off-the-plan means you are entering into a contract of investing in a property that has yet to be built. While there is sometimes a display suite, buyers are ultimately basing their decision from surveying floor plans, designs and renders, rather than the finished product. Looking for the right property for your future home can be an exciting journey but it is important to retrieve as much information on the property as possible. Just like any type of investment, it requires copious amounts of time and effort poured in. To help prospective buyers with this we compiled a list of questions we recommend asking to sales agents. Read the full story here: https://lnkd.in/guv8PXUK #propertyinvestment #buyingproperty #sunshinecoastproperty #sunshinecoast #property #queensland #propertyinvestmentguide
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Here is a perfect case study. You find this home that needs updating and the seller is motivated to sell at $400k. You come up with 25% or $100k We come up with $75% or $300k We put up $153k for renovations and do them with our expertise (if you are a GC, you can get renovation as well) This house then sold for $710k We receive 6% of ARV after the sale or $42, 600 You receive the balance $113,665 Time spent= less than 6 months You turn $100k into $213,665 #investor #Realestate #REagents
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We improved the outcome for one of our clients, who was looking to leverage a $1,800,000 property investment for good capital growth and yield. After informed discussions with our client, we helped increase the value of their purchase by suggesting investment in two properties, providing stronger yield and capital growth. We inspected and purchased Unit 2 which was on market and used our negotiating skills to purchase Unit 1 off market. These 3 bedroom, 2 bathroom townhouses with single garage are both tenanted therefore securing immediate rental return for our client on settlement. We negotiated and bought both properties for $1,700,000. With the savings, our client was able to pay our fees and stamp duty for less than his original guide. 𝑷𝒖𝒓𝒄𝒉𝒂𝒔𝒆𝒅: $1,700,000 𝑨𝒄𝒕𝒖𝒂𝒍 𝑹𝒆𝒏𝒕: $1,380.00 𝒑𝒆𝒓 𝒘𝒆𝒆𝒌. 𝑷𝒐𝒕𝒆𝒏𝒕𝒊𝒂𝒍 𝑹𝒆𝒏𝒕 𝒊𝒏 𝑴𝒂𝒚 2024 $1,500.00 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒀𝒊𝒆𝒍𝒅: 4.2% 𝑷𝒐𝒕𝒆𝒏𝒕𝒊𝒂𝒍 𝒀𝒊𝒆𝒍𝒅: 4.5% #PropertySolutions101 #BuyersAgent
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Associate Broker at Sell4Free Welsh Realty & Sell It With Karen - I help Downsizers to find dream homes by staging their wants and needs by using My BIG Deal Process. Click on my links to LEARN MORE & Grab my GUIDE!
The first thing you need to do when you purchase a house is turn it into your home! You do this by adding your touches and finishes, like paint, changing out flooring or other or any other minor changes. OR it could be knocking down walls or adding additions to the home. You can do this right away or over time. No matter when you do this, you’re protecting your investment. You may keep this home for a very long time or you could be selling it in a few years. Typically when a person sells their home, you then want to show the future buyer how the home worked for you. “Taking Care” of your home however long you have it, could go a long way in the future! ~ Karen Haug ~ Sell4Free Welsh Realty ~ Associate Broker, ABR, CRS ~ 812-630-0775
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