2/2 Duplex For $39,000: Investment Home for Sale – Montgomery, AL

Address: 2106 Plum St. Montgomery, AL 36107
 
List Price: $39,000

Estimated Market Value: $82,500

Summary:

47% of Value; 17% Cap Rate; Rental Income will pay for the property in 6 years!

50.2×150 rectangular lot; 7,530 +/- sq. ft. site area; single family residential zoning; public utilities; asphalt street; one story; crawl space foundation; 2 bedrooms, 2 baths; 1,721 sq. ft. of gross living area; space heat/individual air; on street parking; large porch; duplex. Property is in good condition. The “A” side tenant has lived there since April 2006. The “B” side tenant just moved-out and will be replaced. The house has aluminum siding on the exterior, but the trim is painted wood. The exterior trim could use some paint several months from now.

FINANCIAL INFORMATION

PICTURES
 
For More Information, please visit my website at: http://www.montgomerywholesaleproperty.com/

 

3/2 For $36,500: Investment Home for Sale – Montgomery, AL

Address: 5125 Levenson Rd. Montgomery, AL 36108

List Price: $36,500

Estimated Market Value: $63,250

Summary:

57% of Value; 20% Cap Rate; Rental Income will pay for the property in 5 years!

60×120 rectangular lot; 7,200 +/- sq. ft. site area; single family residential zoning; public utilities; concrete slab foundation; 3 bedrooms, 2 baths; 1,162 sq. ft. of gross living area; central heat/air; concrete driveway. Carpet is about 8 months old and clean, just repainted inside; awaiting new tenant – June 2009 . The exterior shutters and trim could use some paint somewhere down the road.

FINANCIAL INFORMATION

PICTURES
 
For More Information, please visit my website at: http://www.montgomerywholesaleproperty.com/

 

14% ROI – 15% Cap Rate. – 1401 Rosa L. Parks

1401 Rosa L. Parks Montgomery, AL 36108

List Price: $22,000

Est. Market Value: $40,000

Classic Frame Bungalow with hardwood floors.

Built 1956. 3 or 4 bedrooms/1 bath.

Single Family Home on a nice street. 1700 sf.

Already rented, but under market. You can get another $150/month- Will rent for $600 or more per month.

55% of Market Value.

Cash Sale, Assignment of Contract.

Property Management ready to go!

See more now: www.MontgomeryWholesaleProperty.com

For more information click on the address above.

$15,000 for $200+/month Cash Flow: 203 W. Delano Ave., Montgomery 36105

203 W. Delano Ave. Montgomery, AL 36105

List Price: $15,000

Est. Market Value: $40,000

Current Cash-Flow over $200/month!

(Current market rent is $150 more/month)

You could be making $330/month with a $18,000 total investment!

Frame Single Family Home on Huge Corner Lot

3 bedroom/1 bath

Approx. Square Footage: 1100

Year Built: 1950

Lot Size: 100 x 100

Tree landed on corner of house and roof is being repaired prior to sale.

Cash Sale, Assignment of Contract

Property Management ready to go!

Go here now! www.MontgomeryWholesaleProperty.com/investordeals

For more information click on the address above.

Would you like to get notified of my wholesale deals before they ever hit the market? Sign up for my early notification email list at www.MontgomeryWholesaleProperty.com

57% of Market Value: 401 Empire Ct. Montgomery 36110

401 Empire Ct., Montgomery, AL 36110

List Price: $31,500

Est. Market Value: $55,000

Brick Construction. Built 1963. 3 bedroom/1 bath. 1200 sf. Single Family Home. Huge Lot.

Already rented, but under market. You can get another $100 to $200/month just by writing a new lease. – Will rent for $600 or more per month.

57% of Market Value.

Cash Sale, Assignment of Contract.

Property Management ready to go!

You have to see this great house! Go here now: www.MontgomeryWholesaleProperty.com/investordeals

For more information click on the address above.

Would you like to get notified of my wholesale deals before they ever hit the market? Sign up for my early notification email list at www.MontgomeryWholesaleProperty.com

Big Cash-Flow – Landlord Special! Rent Ready for $600 or more/month

220 Park Manor Dr. Montgomery, AL 36110

Brick construction and concrete foundation Built 1963. 3/4 bedroom/1 bath. 1200 sf. Single Family Home.

54% of Market Value.

Cash Sale, Assignment of Contract.

Rent Ready – Will rent for $600 or more per month.

Property Management ready to go!

You have to see this great house! Go here now: www.MontgomeryWholesaleProperty.com/investordeals

For more information click on the address above.

Would you like to get notified of my wholesale deals before they ever hit the market? Sign up for my early notification email list at www.MontgomeryWholesaleProperty.com

 

Very Nice – Cash Only – Low maintenance Brick foundation and Aluminum Siding

3775 Gaston Ave. Montgomery, AL 36105

Brick foundation and aluminum siding.

Built 1970. 3 bedroom/1 bath. 1200 sf.

Single Family Home on corner lot.

Way under assessed value!

Solid house. Small roof leak and clean-up needed.

Cash sale, Assignment of Contract.

Currently rented under market at $375. Either work with current tenant to increase the rent to $450 (the low end of market), OR move her out, turn the den into a third bedroom and re-rent for $550 to $650 for Nice Positive Cash Flow Property Management ready to go.

For more information click on the address above.

Would you like to get notified of my wholesale deals before they ever hit the market? Sign up for my Investors list at www.MontgomeryWholesaleProperty.com.

Classic Home with Hardwood Floors that Needs a Little Love : $ 8,000

1229 Grove St.,Montgomery, AL 36104

Front House

Classic Home built in 1900, good condition structurally. Needs some rehab to restore to it’s glory. 2 bedrooms 1 bathroom. 980 sf. Single Family Home.

42% of assessed value

Cash Sale, Assignment of Contract

Fix this up and sell to a first time homebuyer or make rent ready and get a nice return on your money

Rents are about $425/mo

We have a property manager all ready for you.

For more information click on the address above.

JUST REDUCED:3 Bedroom Brick House for $10,000! What A Steal!

210 Collinwood Ave. Montgomery, AL 36105

Brick construction.  Built 1955.  3 bedroom/1 bath.  1080 sf.  Single Family Home. 

Over $20,000 under appraisal

29% of Market Value

Cash Sale, Assignment of Contract

Fix this up and sell to a first time homebuyer or make rent ready and get a nice return on your money

Section 8 pays up to $875/month in this zip code: 36105 – Realistically you can get $600

 

For more information click on the address above.

 

Tips for Selecting the Best Market for Real Estate Investing

TIP #1 – Decide What You Want

Like anything else you need to see the goal before you can reach it.

First you need to decide on your goals, or what you want to achieve through your real estate investments. Then you can choose the strategy or approach that will best allow you to achieve those goals.
For example, do you want to achieve passive income that will be a greater return on your money than the stock market, or do you want to be financially independent through your passive income on rental property. Or do you want to be an active investor and create a business of rehabbing and flipping properties?
If you want passive income determine how much you need to make a better return on your money or how much you need to be financially independent.

TIP #2 – Determine How Much Investment Capital You Have to Work With

If you have little money the best way to start making money is to invest in rent-ready, or currently rented, properties with a nice positive cash flow. Even if you have cash you may still elect to go this route, or you may choose for a bigger payday upfront.
In the case that you are just starting out, it is best to find low cost houses. The investment for the initial purchase is much lower and the rehab can be done for less. The rule of thumb is not to put more money into the rehab (not including the purchase price) than you will make on the deal. ($20,000 rehab gets you a $20,000 profit.)
You can make money in real estate without money, but that takes a large time commitment and a bit of luck. Otherwise you need some type of funding, whether you purchase with cash or hard money, buy and hold for rental income or rehab and flip, you will always need some ‘just in case’, reserve money when purchasing real estate.

TIP #3 – Choose a Real Estate Market that is Good for You

Not all real estate markets are conducive to purchasing property for cash flow; most of the state of California for example; and of course some areas are better than others. And the best real estate markets for investing in properties for rehabbing and flipping are ones that people are buying homes in, obviously.
Before investing in a market outside your own do some research using sites like http://www.census.gov/. Prosperous investors know they’re in a good real estate market for their investing goals before they start.

Upcoming Article:
Overcoming the Fear of Investing in Real Estate outside of Your Backyard

For market selection tips and market research information please contact me: hutch@montgomerywholesaleproperty.com. And for great rental investment property, visit: www.MontgomeryWholesaleProperty.com and for great wholesale properties for rehab and resale, go to: www.AcmeInvestmentProperty.com.