Archive for March, 2010
Upcoming Seminars
Posted by: | CommentsSold $70,000 524 7th Ave Dayton KY
Posted by: | CommentsGreat flip to a first time buyer we purchased, renovated and sold this property is less than 5 months. Made a 20% ROI on this deal, congrats to our partners and great job to our team.
Sold 1004 Overlook cash flow duplex in Cincinnati $85,000
Posted by: | CommentsThis is a great duplex that we are delivering to one of our investors fully occupied at a GREAT price. Currently rented for $1,300 a month and it will be sold for $85,000 making us a nice profit as well. At National REIS we strive to make it a win-win-win situation for all parties.
March Update and Featured Property
Posted by: | CommentsHi everyone I hope you enjoyed the nice week. We have successfully put our first property under contract for resale.
4514 Camberwell in Oakley OH is one of the nicest homes we have ever done. As you can see below the pictures tell the story but more importantly we are slated to net approximately a 16% return on our investment in just about 5 months.
The partnership purchased this property for $$78,500 and put $40,000 into renovations and now has it under contract to be sold for $145,000
Progress Report March 2010
Posted by: | CommentsOperations progress for Incline has been significant.
- We have replaced all exterior lighting and signage.
- We have evicted 2 problematic tenants.
- One laundry room has been updated with new coin op machines being installed for additional revenue.
- 15 Units have been completely renovated.
- 5 more units are currently being renovated with an expected finish date of March 30th.
- As of March 1 our team has leased up a total of 20 units.
- 10 are renewals and have signed new leases
- 10 are new move-ins.
- Achieved 50% occupancy of paying tenants within 2 months of ownership.
- Additionally, our team has applications for the next available units that are renovated.
- There has been an increase in cash flow from Jan to Feb of 63%.
We are pace to be cash flow positive from operations by May 1st.
Check out some pictures of one of the completed units.
We will continue to provide monthly updates and as always don’t hesitate to contact our office with any questions.
-The National REIS Team
