Archive for February, 2010
Progress Report
Posted by: | CommentsHey everyone just wanted to drop a quick note and let you know we have our first two deals on the market:
4515 Camberwell in Oakley OH came out better than expected and has had a lot of activity since being listed last week, you can check out the completed pictures here (granite and all)!
524 7th Ave Dayton KY, this is a really cute home perfect for the first time buyer, you can view the listing here.
Our lease option deal is going great 3082 Libra and we have received our first 2 months of income already, the tenant buyers are very happy with the home.
Our team has also negotiated a great deal on our next acquisition, this property is located in Mansion Hill a super trendy area of Newport, KY. This will be a beautiful renovation when complete. We are expected to close within the next 30 days for a purchase price of only $54,000 with an after repair value of the mid $150,000′s. Check out the street and have some fun here , .
109 W.10th Newport KY duplex is progressing really well and will be an excellent money maker when complete.
K-1′s will be going out this week and quarterly financial statements will be available in March.
Thank you and have a great day.
Chris
February Updates
Posted by: | CommentsDear Investors, everything is going well in National REIS Equity Partners I LLC. You will be receiving your annual K-1 by March 1st 2010 along with another distribution. We are set to close on the sale of two properties within the next week:
5 Valleyview Court Cincinnati was sold in less than 2 weeks on the market and will generate a nice profit for the partnership. Check out the pictures to this beautiful property here.
We are still holding 1004 Overlook for rental income which is providing the partnership with a net monthly income of over $700 and 1334 Beacon is coming to market next week. You can see can see completed pics of 1334 Beacon Street Cincinnati here.
5149 Sumter is currently on the market for $99,900 and we are expecting an offer any day now, it is by far the nicest home on the street for its price point, this property is projected to yield a 22% return on investment. Check out the staged pics and you wont believe what you get for $99,000 in Cincinnati.
As always our acquisition teams are working hard to secure more deals for us and we anticipate a large amount of REO (bank owned) inventory to be hitting the market in the coming months. We are also working diligently in researching several potential markets to expand our operations in 2010.
Have a great weekend and please contact our office with any questions.
Best regards,
Chris
Newsletter: Current Events and Market Info
Posted by: | CommentsCheck out our newsletter, it has some great info on our markets and recent news about the state of the market.
4514 Camberwell Update
Posted by: | CommentsThis project is moving along on schedule and looks great. The stainless steel appliances were ordered today and the house will be on the market Friday.
