114 WASHINGTON STREET , MT VERNON NY 10550 PDF
7S Real Estate Investments LLC A Residential Redevelopment Company
WHOLESALE DEAL 114 Washington Street MT Vernon , NY 10550
Who Are We? 7S R.E. Investments, LLC is the area’s premiere real estate solutions company, and since our inception we have been helping homeowners along with improving communities in each and every city we work in. Through our extensive knowledge of the business, network of resources, and years of expertise, we are able to assist homeowners with a wide variety of real estate problems. We pride ourselves on our reputation for working one-on-one with each customer to handle their individual situations.
Important Facts About 7S R.E.I. LLC • Experienced in solving real estate problems and helping homeowners find solutions to their real estate needs • Ability to make cash offers for houses and create fast, hassle-free transactions, closing in as little as 10 days • Over 60 homeowners helped already • All our staff goes through Extensive Training • All information kept private and confidential
With the ability to directly purchase homes and make cash offers, we can create an extremely fast and hassle-free transaction. In addition, we re-develop a large number of single family and multi-family properties throughout the state with the intention of revitalizing communities and encouraging home ownership. Our mission is to rejuvenate neighborhoods and increase the standard of living by improving the overall quality of housing for the residents. Call us today and let’s see how we can work together! 1-929-800-2881
We not only purchase property but we also sell homes, many of which are completely renovated and in movein condition. Whether you are dreaming of becoming a first time home buyer or looking to upgrade your current home, you may be an investor and would like discounted properties or a landlord looking to build your portfolio , we can help. 7S R.E.I. LLC is truly committed to helping each individual customer. We focus on fast response, integrity and over-delivering on customer service. By putting the customer’s needs first, whether selling or buying a home, we can help you realize your real estate goals.
LOOKING TO BUY A HOME? WE CAN HELP! • We can get you pre-qualified quickly, and at no cost to you • We have numerous properties available and also have immediate access to homes before they are even put on the market .We also help “Credit Challenged” buyers qualify for a home • Our network of mortgage brokers, real estate agents, attorneys and other real estate professionals will be your resources as well • You get a clear-cut, honest transaction with a reputable company you can trust • We help you determine renovation costs on a fixer-upper property • We offer a Rent-To-Own program that enables you to lease the home of your dreams until you are ready to qualify for financing • Our company can help finance the purchase of your home! You get all the benefits and pride of owning a home, without requiring a bank to finance you • If you’re looking for loans , commercial financing or Hard Money Lenders we have them at your disposal. All tested by us and certified to perform when you need them.
Working with our Company WHY WORK WITH 7S R.E. INVESTMENTS LLC? Having a knowledgeable real estate professional looking out for you during the home buying process will mean that you would have purchased your home with confidence; it means that you will be able to enjoy your new home for years to come - knowing that you made the smartest home buying decision possible. Most buyers are aware of the fact that numerous buying opportunities exist in today’s real estate market. The problem is they don’t know how to identify and then analyze them to ensure they are actually getting a good value. That’s where we come in. We use the same techniques to analyze a property for our buyer clients that we personally use on our own investments. 7S R.E.I. , LLC is constantly on the hunt for the next great buying opportunity.
CLIENT SATISFACTION: We take pride in over extending ourselves for our clients.
TYPE OF CLIENTS HELPED: We deal with home buyers , home owners selling their homes or income properties , tired landlords wanting to rid themselves of unwanted properties , Investors from all walks of life , Rehabbers , Wholesalers , Realtors looking for properties for their own clients. All races
TYPES OF TRANSACTIONS DONE: Bought & Sold Homes , Wholesale deals , Rehabbed , Investment Properties , Rent To Own , Owner Financing , Buy & Hold and a few others.
Property Showcase 7S R.E.I. LLC RENOVATION PROJECTS One of the unique benefits of working with our company is that you will have access to our renovation experience. Occasionally, we sell houses that are not included in our completed renovation portfolio. If interested in purchasing a home in need of any renovations, it’s important to know how to identify the renovation costs associated with improving the home. When working with our company, you can rest assured that we have the specialized knowledge and expertise to accurately estimate repairs and assist buyers with the renovation process. Below is a snapshot of some of our recent projects ( After Pictures ).
KITCHENS
BATHROOMS
Property Showcase LIVING ROOMS
BEDROOMS
Our Clients The ability to identify a property you can call home, together with making sure it’s a secure real estate investment, is certainly a learned skill. A skill that we at 7S R.E.I. LLC have spent time and money to hone for the benefit of - not only our own company and our personal investments, but to benefit our clients as well. We have the knowledge, skills and intuition to spot great opportunities in today’s market, and we aren’t afraid to share them. As our client, we share with you the same properties that we see every single day. We have also identified the best and most lucrative submarkets in our area and are happy to discuss them with you. Our ability to locate a great real estate deal covers all types of real estate investment. We are able to identify great buying opportunities for the following types of buyers: • First-time Homebuyers • Buyers Looking to Relocate • Rehabbers
• Landlords • Many more………
FIRST-TIME HOMEBUYERS Buying a home can be exciting, stressful and puzzling, all at once. After all, you are making what’s likely to be the largest purchase of your lifetime. Your home is not only a financial asset; it’s a place for you to build your life and your family. We have helped numerous families achieve the dream of home ownership through our first time homebuyer educational program and credit repair program. If you are a first-time homebuyer who has been looking for the perfect opportunity to buy a new home, then the time is now. The current real estate market is perfect for everything from buying a new home to investing in the real estate market, which is why first-time home buyers and investors have been going head to head and competing for the best real estate on the market. Why, exactly is now a great time for first time homebuyers to purchase a new home? At 7S R.E.I. LLC, we know there are opportunities in ANY real estate market. With our buying strategies, we’re able to find great values - whether in a down market or in a booming real estate market. Our goal is to help make your home buying and selling processes flow smoothly and trouble free. By providing you with quality information, you'll thoroughly understand the process and details of buying a home. You’ll make the best decisions when you’re most informed. To get started visit our website at www.7Sezhomebuying.com , fill out the short form to get started. It’s that simple.
Our Clients LANDLORDS Whether you are an experienced investor with a large portfolio or just starting out and looking to purchase your first rental property, 7S R.E.I. LLC can help you accomplish your goals. It is not uncommon for us to find properties at 60 to 70% of market value. Historically, real estate has been a solid long-term investment. Although the real estate market goes through cycles of ups and downs, it generally increases in value over time. Like any other buyer, money is made when you buy the property, not when you sell. We work with residential investors to help ensure that you are buying at the best possible price and terms in keeping with your investment goals. To stay current on our inventory visit our website at www.7Sezwholesalehomes.com .
REHABBERS At 7S R.E.I. LLC, we have created a marketing machine that produces a TON of leads. Many of these leads we receive have untapped equity that as a rehabber, you can capitalize on. We actually produce so many leads, that our company can’t possibly renovate them all. When we are booked up with a lot of projects, we will actually pass along our wholesale deals to investors like you. To get on our list visit our website at www.7Sezwholesalehomes.com .
Our Clients We have a ton of experience in buying, fixing and reselling single family & Multi Family homes throughout New York , Connecticut & New Jersey. This means we will share all of our contacts from our hard money lenders, to our insurance providers, as well as our contractors! Yes, we will actually give you the opportunity to use our pre-screened contractors we use on our own rehabs. Whether your goal is longterm cash flow and retirement equity, or a property to fix and flip, we will help match you to the right property.
You may ask yourself why is 7S R.E.I. LLC so generous and giving. Remember what we said earlier on. “We take pride in over extending ourselves for our clients”. Plain and simple ! We love helping others. We want to see others succeed and especially if you’re a client of ours. Do you have any idea of the ego boost this gives us. To hear one of our clients say “you made this possible” , “I’m living the dream” , “I didn’t think I can do it” , “You guys are awesome” , “I’m coming back for more” , “I’m telling everyone about you”.
That’s it, right there !! That nails it. If you’re able to tell others about us in a positive light then that means we did something right. Let’s face it, if you did something wrong no one is going to mention you in a positive way. But, if your clients are able to brag about you to their friends and family. You know we did something right. That’s why we do it. We do it for the love of helping others and knowing that they are fully satisfied. It doesn’t matter if your investment preference is Single Family Residences , Multi Family , Commercial , Land etc. We acquire a great number of properties for all types of investors at great discounts. A lot of them are off market deals generated through our own intuitive ways of thinking outside the box type advertising. This we accomplish by staying ahead of our competitors. We do this on numerous levels. Flyers , Post Cards , Direct Mail Campaign , Bird Dogs , Bandit Signs , Bill Boards , In store advertisement , T.V. Commercials , we advertise in places people congregate the most like Laundromats , Supermarket , Bathrooms , Places of Worship , Taxi’s and many more. We advertise in 15 zip codes every second week of the month. We advertise in a way that we get a response even if the homeowner doesn’t want to sell. Once we receive that response we know to follow up every 2 months with non sellers. Potentially there might be a sale some day. Either way in keeping ourselves present in their lives they remember us when they want to sell. Better yet when someone else is selling they will recommend us because they remembered us.
What you get with us SAVE MONEY ON THE PURCHASE OF YOUR HOME / INVESTMENT Every soon-to-be homeowner welcomes reducing a financial burden of this magnitude. With our intricate knowledge of the business, we will show you a variety of things you can do before, during and after the closing to save money on the purchase of your home! This fact is true even for investors. Sure you may have the ability to borrow funds. But, if you’re able to save money to increase your profit. Who wouldn’t want this. We pass our savings on to you.
INVESTOR EXPERTISE Property investing is a serious business. Whether you are an experienced investor or just beginning, the key to making money in real estate investing starts with BUYING RIGHT. This is the #1 mistake investors make. They don’t understand that you make money when you buy a property. We have helped landlords, rehabbers and wholesalers all across the state by arming them with the knowledge to make the BEST decisions, ensuring a solid investment!
ACCESS TO OUR NETWORK OF REAL ESTATE INDUSTRY PROFESSIONALS When you purchase a property from us, you are not just buying the house, but you’re also obtaining access to our entire network of real estate professionals as well. We work closely with a network of real estate professionals in order to provide you with access to the best-ofthe-best in the industry. To assist you in the home buying process, we often leverage our close relationships in order to meet your needs.
WE APOLOGIZE
We’ll provide you with our network of:
• • • • • • • • • • • •
Mortgage brokers Credit repair experts Attorneys Realtors Home inspectors Private & Hard money lenders Contractors Moving companies Landscapers CCTV Installers Solar Panel Installers Appliance Repairs & extended warranty experts • And much more……….
Why do we apologize ? We apologize because most Investors & Home Buyers are not used to our methods of being upfront with the truth. Most are not used to getting all the facts placed in front of them. We don’t apologize because we are thorough and do business on a different level than most. This is NO MISTAKE. We do this purposely to stand out above the rest. We do it because it’s the right way of doing business. We take our business very serious. We create presentations for all aspects of our business because we enjoy educating , teaching , leading by example and taking the guess work out of what you need to look for and research. Everyone has their way of doing business and helping their clients. We have no time to bad mouth anyone. Which is why we only speak on what we do and how we can do it. We strongly believe in networking across the plains of all fields. Every business at one point or another crosses paths. Only by realizing this can you truly take advantage of numerous opportunities you were once blind to. All businesses revolve around referral fees to prosper and grow. 20% of our business comes from referrals and 40% of our business is referred to others within our own network. Realize The Possibilities!
Important Home Features UNDERSTANDING THE TOP 4 DESIRES IN A HOME A home’s value is reflected by the interior and exterior of the property, so it is important to take both into consideration before purchasing a home. Don’t get too caught up in simple elements that can be easily fixed, such as adding a fresh coat of paint, cabinet hardware, closet shelving, landscaping, etc. To most homebuyers, the kitchen, master bathroom, master bedroom and outdoor living space tend to be the most important features in a home. This is where your focus as a rehabber should be. Most times buyers don’t care what the rest of the house looks like but, if these 4 focal points of the house are in order. Then the House is SOLD !! BATHROOMS
CURB APPEAL FRONT , REAR YARDS & HOUSE FACADE
MASTER BEDROOMS
KITCHENS
Featured Property 114 Washington St., MT Vernon NY 10550
Property Details Pool: No
Type: 2 Family Home
Bedrooms: 5
Year Built: 1920
Bathrooms: 2
Stories: 2 + Attic
Rooms: 14
Sq. Ftg: 2228 SQ. FTG.
Basement: No
Fuel: #2 OIL FOR HEATING ( 250
Lot Size: 4826 SQ. FTG.
Cellar: Yes
Gallon Tank ) / GAS FOR COOKING
Parking: Street
Attic: Yes
Taxes: 7,610
Porch: No ( Vestibule ) Deck: No
Deal Type:
Wholesale
Fire Place: Yes ( 1st Floor ) Water Meter: Yes Septic/Sewer: Sewer
Heating: Cast Iron Base Board H.O.A. Fee’s: No Occupancy: Occupied Flood Zone: No
Condition of sale: Buy As-Is
Sale Price: 265,000
Surrounding Property Information Nearby Schools GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Anything below a 3 is NOT GOOD. School Ratings Traphagen (assigned) 5 Out of 10 Rating Grades PRE K-6 Distance 1.0 Miles Davis Middle(assigned) Grades 7-9 Distance 0.7 Miles
3 Out of 10 Rating
Thornton High ) (assigned) Grades 7-12 Distance 0.4 Miles
3 Out of 10 Rating
Fire & Rescue Fire House Distance 0.6 Miles Police Department Distance 1.1 Miles Doctor’s Offices ( 5 To choose from ) Distance Ranging from 1.1 Miles
Comparables COMPARABLES:
• •
Zillow listed as Trulia listed as
299,010 N/A
127 N. Elm Ave. Sold for 391,000 in 9/2016 , 5 Beds , 2 Baths , 2380 Sq. Ftg. 48 S. 9th Ave. Sold for 353,000 in 9/2016 , 5 Beds , 2 Baths , 2401 Sq. Ftg.
Properties in this area are Prime. This is a neighborhood that was hit hard with foreclosures when the market crashed. This is one of the few neighborhoods that will increase tremendously in value. This is the perfect time to invest in this zip code. The over all population reported for this zip code: Males: 16,531 (44.9%) Females: 20,273 (55.1%) Only 17.9% un-employment rate reported. This zip code is majority renters by 77% over all. Home values in this zip code have risen 4.9% in the past 12 months and will continue to sky rocket.
This property fully rehabbed with close attention to detail will sell for more than 380,000. The real value in this property is in the purchase and hold. This is perfect for a Landlord Investor looking for rentals.
As with any other deal. Please do your due diligence thoroughly .
Google Maps
Story behind this property This property was a result of direct mail campaign. The landlord of this property is looking to leave NY and has a property in CT being rehabbed. He has a green thumb and acquired something where he can have a huge garden and farming land. He has kept up with the up keep of this property and has done a great job. Minor updating needed as with any property. He and his wife wanted more land space for the kids as well as growing they’re own seasonings , spices , fruits and veggies.
Disclosures:
Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• • • • • • • • • • • • • • • • • •
Structural Defects Mold Lead Radon Asbestos Extensive Electrical Extensive Plumbing Roof Leaks Termites Floor Joists Load Bearing Walls Foundation work Sanitation Tickets Dept. of Health City Code Violations D.O.T. Violations Liens
Yes
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ Rats/Squirells/raccoons/Possoms/Skunks ⌂
No
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂
Undetermined
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂
Disclosures Detailed: Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• None
Yes
⌂
No
⌂
Undetermined
⌂
Department Of Finance Records
Survey Report
PG. 1 of 3
Survey Report
PG. 1 of 3
Department Of Buildings Report
PG. 2 of 3
Department Of Buildings Report
NO VIOLATIONS ON THIS BUILDING AS OF 10/14/16 Full D.O.B. report available upon request
PG. 2 of 3
Floor Plans No Floor Plans Available with Dept. Of Buildings. Premises is recognized as a 2 Family with the Department Of Buildings And Dept. Of Finance. LAYOUT IS AS FOLLOWS: • CELLAR: OPEN FLOOR PLAN , BOILER AREA , WASH ROOM AREA , OIL TANK AND METER ROOM , STORAGE ROOM. • 1ST FLOOR: 3 BEDROOMS , KITCHEN/DINING ROOM , FULL BATHROOM , LIVING ROOM ( with Working wood burning Fire Place ). • 2ND FLOOR: 2 BEDROOMS , KITCHEN , FULL BATHROOM , LIVING ROOM. • ATTIC: 2 ROOMS + Large open Area.
____________________________________________________ Over All Condition Of Property Structurally Poor ⌂
Fair ⌂
Good ⌂
Excellent ⌂
Property Income & Expenses INCOME / RENTALS • 1ST FLOOR: $1,600.00
( Currently Occupied by home owner will vacate Jan 31,
) 2ND FLOOR: $1,150.00 ( Current Lease is month to month ) 2017 + an additional 1 month if needed, payable by tenant
•
____________
$2,750.00 ------------------------------------ $2,750.00 • Buyer will deduct upfront charges for 1st floor rent @ a rate of 1600 per month at closing.
EXPENSES 1. Oil ( Averaged During Winter Months Nov. – Mar. ): $3,200.00 ÷ 5 = $640.00 a month 2. Electric ( Note meter is connected with 1st floor apt , public hallways , exterior lights and cellar. ): $55.42 3. Gas
( Note meter is connected with 1st floor apt and Hot Water Tank ): $71.23
4. Water
( This is quarterly averaged ):
5. Mortgage ( Which includes Taxes , Insurance , Water & Sewage):
$115.00 $2,240.35
Copy of receipts , bills , utilities , mortgage available upon request once contract is signed
Mortgage & / or Bank Information Mortgage Carrier: Wells Fargo Mortgage Type: Conventional Mortgage Details: Transferable ONLY TO DIRECT FAMILY MEMBER Interest Rate:
4.875%
Mortgage Type: Conventional
Pictures: 1st Story Bathroom
st floor Kitchen 1
st floor Kitchen 1
1st floor Living Room
1st floor Living Room
st floor Hallway 1
st floor 1
Bedroom #1
st floor 1
Bedroom #1
st floor 1
Bedroom #2
st floor 1
Bedroom #2
st floor 1
Bedroom #3
Pictures: 1ST STORY PUBLIC HALLWAY
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Private Hallway
Pictures: 2nd Story Bedroom #1
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Kitchen
Pictures: 2nd Story Kitchen
Pictures: Attic
Pictures: Attic
Pictures: Attic
Pictures: Attic Bed Room #4
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Rear )
Pictures: Exterior ( Bldg Right Side )
Pictures: Exterior ( Bldg Left Side )
Rehab Requirements • 1st STORY Apt. BATHROOM. Install new floor and wall tiles. • 1st STORY Apt. KITCHEN. Replace Wall & Base Cabinets , Counter top , Install back splash. • 1st STORY Apt. WALLS. Plaster and paint as needed • 1st STORY Apt. CEILINGS. Plaster and paint as needed • 1st STORY Apt. OUTLETS AND LIGHT SWITCHES. Replace as needed. • CELLAR WALLS. White wash all walls. It’s up to the individual owner/contractor if their preference is finishing the walls with sheetrock. • CELLAR CEILING. The ceiling in the basement we would personally always finish. You can accomplish this in numerous ways. We prefer to use an acoustical ceiling ( AKA Drop Ceiling ) , it allows access into the ceiling for anything that might present itself and it also covers the ceiling and leaves it looking beautiful.
Recommendations Please keep in mind that the following are only suggestions to maximize on your profits , to attract the right buyers and to sell to potential buyers. These recommendations will more than likely require the services of an architect and/or expert in their own particular field of trade.
• Creating storage rooms in the cellar and rent rooms to tenants. This would bring in additional income while also increasing sq. ftg usage to the property. • Creating a laundry room and installing coin operated washers and dryers. • Converting the attic to be used in conjunction with the 2nd floor to increase square footage and adding additional living space. This will increase the rent you can collect for space. Doing this will increase the apt from 2 Bedrooms to 4/5 Bedrooms. • If you do the above item then, then you can eliminate the 2nd floor public hallway light and incorporate it into the apartment electrical meter. Of course the door to the apartment on the 2 nd floor will be removed and installed at the base of the stairway. • Filing for and installing a Hot water tank and boiler for each apt. In doing this you eliminate the following: Oil Delivery A separate meter for gas (for the landlord) for the hot water tank. Saving you money on utilities and installation for additional plumbing. • If the property is not going to be owner occupied then an additional electrical meter will need to be installed for the public area lighting. Currently it’s under the 1st floor meter.
Summing it all up 114 Washington Street Mt. Vernon NY , 10550 2 Family House | 5 Bed | 2 Bath | 4,826 sq ft __________________________________________________ Purchase Cost Total Rehab Cost Total Permit Fees Total misc. Costs
$265,000. $ 10,000. $ .00 $ .00
__________________________________________________________ Total Project Cost $275,000.00 ARV $330,000.00 __________________________________________________________ Profit $55,000 Neighborhood Rental: 1-Bedroom: $1,050.00 - $1,350.00 2-Bedroom: $1,400.00 - $1,700.00 3-Bedroom: $1,800.00 - $2,400.00 Projected Rehab Time: 1 - 2 weeks Projected Sale Time: 4 - 6 months Earnest Deposit Required to hold: “YES” $5,000 Non-Refundable of $3,000 Deposit Required to view: NO For access contact: 7S REI LLC Directly 929-800-2881 Lock Box at site: “NO” Owner and Tenant Occupied. Please call us for Appt’
In Closing It was a pleasure to bring this deal to your attention. We hope that you found our report to be thorough and very informative. We’re always looking for ways to improve our service and our client satisfaction rating of us. If you can share anything positive or negative that we can add or remove, it would be most helpful. Please email us at [email protected] .
Opportunities: • • •
• •
Wholesale Deals: If you would like for us to notify you of future wholesale deals visit our website at www.7Sezwholesalehomes.com . Fill out the short form and you’ll be added to our mailing list. Network Contacts: Don’t have a network or not enough contacts in your network. Use ours, we’ll gladly share anyone within our network. Just let us know what service you’re looking for and you will have it. Private Money Lender: Passive Investment Opportunities ( Backed By Real Estate ). Are you a Private Lender or want to become one. Let us know, we created a free report that will explain the ups , downs , risks and great earning potential in being a Private Lender. We gladly pay our Private Investors 10% for their invested funds. Which means if you invest 100K with us you earn 10K within a matter of a few months. There is no minimum or maximum to invest. Joint Venture Opportunities: Ask how you can partner with us on future deals. Need Funding for your project: We have a massive supply of proven and tested Private & Hard Money Lenders. We’ll give you access to them. Whatever we can facilitate to bring you one step closer to meeting your goals we will gladly make it available or possible.
Copy Right Reminder
A quick reminder / note, the pre-written content that we wrote, including the free reports and presentations are copy write protected to us and for use by 7S R.E.I. LLC only. So, just a reminder please refrain from and / or discontinue using our free reports or any of the pre-written content that came from our reports on our sites or presentations either emailed by us or emailed by other investors. We give no consent or authorization to duplicate in whole or in part any of our content. To do so you would need direct permission from 7S R.E.I. LLC. If permission is granted credit must be given as 7S R.E.I. LLC as the original author. Thanks for understanding!
WHOLESALE DEAL 114 Washington Street MT Vernon , NY 10550
Who Are We? 7S R.E. Investments, LLC is the area’s premiere real estate solutions company, and since our inception we have been helping homeowners along with improving communities in each and every city we work in. Through our extensive knowledge of the business, network of resources, and years of expertise, we are able to assist homeowners with a wide variety of real estate problems. We pride ourselves on our reputation for working one-on-one with each customer to handle their individual situations.
Important Facts About 7S R.E.I. LLC • Experienced in solving real estate problems and helping homeowners find solutions to their real estate needs • Ability to make cash offers for houses and create fast, hassle-free transactions, closing in as little as 10 days • Over 60 homeowners helped already • All our staff goes through Extensive Training • All information kept private and confidential
With the ability to directly purchase homes and make cash offers, we can create an extremely fast and hassle-free transaction. In addition, we re-develop a large number of single family and multi-family properties throughout the state with the intention of revitalizing communities and encouraging home ownership. Our mission is to rejuvenate neighborhoods and increase the standard of living by improving the overall quality of housing for the residents. Call us today and let’s see how we can work together! 1-929-800-2881
We not only purchase property but we also sell homes, many of which are completely renovated and in movein condition. Whether you are dreaming of becoming a first time home buyer or looking to upgrade your current home, you may be an investor and would like discounted properties or a landlord looking to build your portfolio , we can help. 7S R.E.I. LLC is truly committed to helping each individual customer. We focus on fast response, integrity and over-delivering on customer service. By putting the customer’s needs first, whether selling or buying a home, we can help you realize your real estate goals.
LOOKING TO BUY A HOME? WE CAN HELP! • We can get you pre-qualified quickly, and at no cost to you • We have numerous properties available and also have immediate access to homes before they are even put on the market .We also help “Credit Challenged” buyers qualify for a home • Our network of mortgage brokers, real estate agents, attorneys and other real estate professionals will be your resources as well • You get a clear-cut, honest transaction with a reputable company you can trust • We help you determine renovation costs on a fixer-upper property • We offer a Rent-To-Own program that enables you to lease the home of your dreams until you are ready to qualify for financing • Our company can help finance the purchase of your home! You get all the benefits and pride of owning a home, without requiring a bank to finance you • If you’re looking for loans , commercial financing or Hard Money Lenders we have them at your disposal. All tested by us and certified to perform when you need them.
Working with our Company WHY WORK WITH 7S R.E. INVESTMENTS LLC? Having a knowledgeable real estate professional looking out for you during the home buying process will mean that you would have purchased your home with confidence; it means that you will be able to enjoy your new home for years to come - knowing that you made the smartest home buying decision possible. Most buyers are aware of the fact that numerous buying opportunities exist in today’s real estate market. The problem is they don’t know how to identify and then analyze them to ensure they are actually getting a good value. That’s where we come in. We use the same techniques to analyze a property for our buyer clients that we personally use on our own investments. 7S R.E.I. , LLC is constantly on the hunt for the next great buying opportunity.
CLIENT SATISFACTION: We take pride in over extending ourselves for our clients.
TYPE OF CLIENTS HELPED: We deal with home buyers , home owners selling their homes or income properties , tired landlords wanting to rid themselves of unwanted properties , Investors from all walks of life , Rehabbers , Wholesalers , Realtors looking for properties for their own clients. All races
TYPES OF TRANSACTIONS DONE: Bought & Sold Homes , Wholesale deals , Rehabbed , Investment Properties , Rent To Own , Owner Financing , Buy & Hold and a few others.
Property Showcase 7S R.E.I. LLC RENOVATION PROJECTS One of the unique benefits of working with our company is that you will have access to our renovation experience. Occasionally, we sell houses that are not included in our completed renovation portfolio. If interested in purchasing a home in need of any renovations, it’s important to know how to identify the renovation costs associated with improving the home. When working with our company, you can rest assured that we have the specialized knowledge and expertise to accurately estimate repairs and assist buyers with the renovation process. Below is a snapshot of some of our recent projects ( After Pictures ).
KITCHENS
BATHROOMS
Property Showcase LIVING ROOMS
BEDROOMS
Our Clients The ability to identify a property you can call home, together with making sure it’s a secure real estate investment, is certainly a learned skill. A skill that we at 7S R.E.I. LLC have spent time and money to hone for the benefit of - not only our own company and our personal investments, but to benefit our clients as well. We have the knowledge, skills and intuition to spot great opportunities in today’s market, and we aren’t afraid to share them. As our client, we share with you the same properties that we see every single day. We have also identified the best and most lucrative submarkets in our area and are happy to discuss them with you. Our ability to locate a great real estate deal covers all types of real estate investment. We are able to identify great buying opportunities for the following types of buyers: • First-time Homebuyers • Buyers Looking to Relocate • Rehabbers
• Landlords • Many more………
FIRST-TIME HOMEBUYERS Buying a home can be exciting, stressful and puzzling, all at once. After all, you are making what’s likely to be the largest purchase of your lifetime. Your home is not only a financial asset; it’s a place for you to build your life and your family. We have helped numerous families achieve the dream of home ownership through our first time homebuyer educational program and credit repair program. If you are a first-time homebuyer who has been looking for the perfect opportunity to buy a new home, then the time is now. The current real estate market is perfect for everything from buying a new home to investing in the real estate market, which is why first-time home buyers and investors have been going head to head and competing for the best real estate on the market. Why, exactly is now a great time for first time homebuyers to purchase a new home? At 7S R.E.I. LLC, we know there are opportunities in ANY real estate market. With our buying strategies, we’re able to find great values - whether in a down market or in a booming real estate market. Our goal is to help make your home buying and selling processes flow smoothly and trouble free. By providing you with quality information, you'll thoroughly understand the process and details of buying a home. You’ll make the best decisions when you’re most informed. To get started visit our website at www.7Sezhomebuying.com , fill out the short form to get started. It’s that simple.
Our Clients LANDLORDS Whether you are an experienced investor with a large portfolio or just starting out and looking to purchase your first rental property, 7S R.E.I. LLC can help you accomplish your goals. It is not uncommon for us to find properties at 60 to 70% of market value. Historically, real estate has been a solid long-term investment. Although the real estate market goes through cycles of ups and downs, it generally increases in value over time. Like any other buyer, money is made when you buy the property, not when you sell. We work with residential investors to help ensure that you are buying at the best possible price and terms in keeping with your investment goals. To stay current on our inventory visit our website at www.7Sezwholesalehomes.com .
REHABBERS At 7S R.E.I. LLC, we have created a marketing machine that produces a TON of leads. Many of these leads we receive have untapped equity that as a rehabber, you can capitalize on. We actually produce so many leads, that our company can’t possibly renovate them all. When we are booked up with a lot of projects, we will actually pass along our wholesale deals to investors like you. To get on our list visit our website at www.7Sezwholesalehomes.com .
Our Clients We have a ton of experience in buying, fixing and reselling single family & Multi Family homes throughout New York , Connecticut & New Jersey. This means we will share all of our contacts from our hard money lenders, to our insurance providers, as well as our contractors! Yes, we will actually give you the opportunity to use our pre-screened contractors we use on our own rehabs. Whether your goal is longterm cash flow and retirement equity, or a property to fix and flip, we will help match you to the right property.
You may ask yourself why is 7S R.E.I. LLC so generous and giving. Remember what we said earlier on. “We take pride in over extending ourselves for our clients”. Plain and simple ! We love helping others. We want to see others succeed and especially if you’re a client of ours. Do you have any idea of the ego boost this gives us. To hear one of our clients say “you made this possible” , “I’m living the dream” , “I didn’t think I can do it” , “You guys are awesome” , “I’m coming back for more” , “I’m telling everyone about you”.
That’s it, right there !! That nails it. If you’re able to tell others about us in a positive light then that means we did something right. Let’s face it, if you did something wrong no one is going to mention you in a positive way. But, if your clients are able to brag about you to their friends and family. You know we did something right. That’s why we do it. We do it for the love of helping others and knowing that they are fully satisfied. It doesn’t matter if your investment preference is Single Family Residences , Multi Family , Commercial , Land etc. We acquire a great number of properties for all types of investors at great discounts. A lot of them are off market deals generated through our own intuitive ways of thinking outside the box type advertising. This we accomplish by staying ahead of our competitors. We do this on numerous levels. Flyers , Post Cards , Direct Mail Campaign , Bird Dogs , Bandit Signs , Bill Boards , In store advertisement , T.V. Commercials , we advertise in places people congregate the most like Laundromats , Supermarket , Bathrooms , Places of Worship , Taxi’s and many more. We advertise in 15 zip codes every second week of the month. We advertise in a way that we get a response even if the homeowner doesn’t want to sell. Once we receive that response we know to follow up every 2 months with non sellers. Potentially there might be a sale some day. Either way in keeping ourselves present in their lives they remember us when they want to sell. Better yet when someone else is selling they will recommend us because they remembered us.
What you get with us SAVE MONEY ON THE PURCHASE OF YOUR HOME / INVESTMENT Every soon-to-be homeowner welcomes reducing a financial burden of this magnitude. With our intricate knowledge of the business, we will show you a variety of things you can do before, during and after the closing to save money on the purchase of your home! This fact is true even for investors. Sure you may have the ability to borrow funds. But, if you’re able to save money to increase your profit. Who wouldn’t want this. We pass our savings on to you.
INVESTOR EXPERTISE Property investing is a serious business. Whether you are an experienced investor or just beginning, the key to making money in real estate investing starts with BUYING RIGHT. This is the #1 mistake investors make. They don’t understand that you make money when you buy a property. We have helped landlords, rehabbers and wholesalers all across the state by arming them with the knowledge to make the BEST decisions, ensuring a solid investment!
ACCESS TO OUR NETWORK OF REAL ESTATE INDUSTRY PROFESSIONALS When you purchase a property from us, you are not just buying the house, but you’re also obtaining access to our entire network of real estate professionals as well. We work closely with a network of real estate professionals in order to provide you with access to the best-ofthe-best in the industry. To assist you in the home buying process, we often leverage our close relationships in order to meet your needs.
WE APOLOGIZE
We’ll provide you with our network of:
• • • • • • • • • • • •
Mortgage brokers Credit repair experts Attorneys Realtors Home inspectors Private & Hard money lenders Contractors Moving companies Landscapers CCTV Installers Solar Panel Installers Appliance Repairs & extended warranty experts • And much more……….
Why do we apologize ? We apologize because most Investors & Home Buyers are not used to our methods of being upfront with the truth. Most are not used to getting all the facts placed in front of them. We don’t apologize because we are thorough and do business on a different level than most. This is NO MISTAKE. We do this purposely to stand out above the rest. We do it because it’s the right way of doing business. We take our business very serious. We create presentations for all aspects of our business because we enjoy educating , teaching , leading by example and taking the guess work out of what you need to look for and research. Everyone has their way of doing business and helping their clients. We have no time to bad mouth anyone. Which is why we only speak on what we do and how we can do it. We strongly believe in networking across the plains of all fields. Every business at one point or another crosses paths. Only by realizing this can you truly take advantage of numerous opportunities you were once blind to. All businesses revolve around referral fees to prosper and grow. 20% of our business comes from referrals and 40% of our business is referred to others within our own network. Realize The Possibilities!
Important Home Features UNDERSTANDING THE TOP 4 DESIRES IN A HOME A home’s value is reflected by the interior and exterior of the property, so it is important to take both into consideration before purchasing a home. Don’t get too caught up in simple elements that can be easily fixed, such as adding a fresh coat of paint, cabinet hardware, closet shelving, landscaping, etc. To most homebuyers, the kitchen, master bathroom, master bedroom and outdoor living space tend to be the most important features in a home. This is where your focus as a rehabber should be. Most times buyers don’t care what the rest of the house looks like but, if these 4 focal points of the house are in order. Then the House is SOLD !! BATHROOMS
CURB APPEAL FRONT , REAR YARDS & HOUSE FACADE
MASTER BEDROOMS
KITCHENS
Featured Property 114 Washington St., MT Vernon NY 10550
Property Details Pool: No
Type: 2 Family Home
Bedrooms: 5
Year Built: 1920
Bathrooms: 2
Stories: 2 + Attic
Rooms: 14
Sq. Ftg: 2228 SQ. FTG.
Basement: No
Fuel: #2 OIL FOR HEATING ( 250
Lot Size: 4826 SQ. FTG.
Cellar: Yes
Gallon Tank ) / GAS FOR COOKING
Parking: Street
Attic: Yes
Taxes: 7,610
Porch: No ( Vestibule ) Deck: No
Deal Type:
Wholesale
Fire Place: Yes ( 1st Floor ) Water Meter: Yes Septic/Sewer: Sewer
Heating: Cast Iron Base Board H.O.A. Fee’s: No Occupancy: Occupied Flood Zone: No
Condition of sale: Buy As-Is
Sale Price: 265,000
Surrounding Property Information Nearby Schools GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Anything below a 3 is NOT GOOD. School Ratings Traphagen (assigned) 5 Out of 10 Rating Grades PRE K-6 Distance 1.0 Miles Davis Middle(assigned) Grades 7-9 Distance 0.7 Miles
3 Out of 10 Rating
Thornton High ) (assigned) Grades 7-12 Distance 0.4 Miles
3 Out of 10 Rating
Fire & Rescue Fire House Distance 0.6 Miles Police Department Distance 1.1 Miles Doctor’s Offices ( 5 To choose from ) Distance Ranging from 1.1 Miles
Comparables COMPARABLES:
• •
Zillow listed as Trulia listed as
299,010 N/A
127 N. Elm Ave. Sold for 391,000 in 9/2016 , 5 Beds , 2 Baths , 2380 Sq. Ftg. 48 S. 9th Ave. Sold for 353,000 in 9/2016 , 5 Beds , 2 Baths , 2401 Sq. Ftg.
Properties in this area are Prime. This is a neighborhood that was hit hard with foreclosures when the market crashed. This is one of the few neighborhoods that will increase tremendously in value. This is the perfect time to invest in this zip code. The over all population reported for this zip code: Males: 16,531 (44.9%) Females: 20,273 (55.1%) Only 17.9% un-employment rate reported. This zip code is majority renters by 77% over all. Home values in this zip code have risen 4.9% in the past 12 months and will continue to sky rocket.
This property fully rehabbed with close attention to detail will sell for more than 380,000. The real value in this property is in the purchase and hold. This is perfect for a Landlord Investor looking for rentals.
As with any other deal. Please do your due diligence thoroughly .
Google Maps
Story behind this property This property was a result of direct mail campaign. The landlord of this property is looking to leave NY and has a property in CT being rehabbed. He has a green thumb and acquired something where he can have a huge garden and farming land. He has kept up with the up keep of this property and has done a great job. Minor updating needed as with any property. He and his wife wanted more land space for the kids as well as growing they’re own seasonings , spices , fruits and veggies.
Disclosures:
Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• • • • • • • • • • • • • • • • • •
Structural Defects Mold Lead Radon Asbestos Extensive Electrical Extensive Plumbing Roof Leaks Termites Floor Joists Load Bearing Walls Foundation work Sanitation Tickets Dept. of Health City Code Violations D.O.T. Violations Liens
Yes
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ Rats/Squirells/raccoons/Possoms/Skunks ⌂
No
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂
Undetermined
⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂ ⌂
Disclosures Detailed: Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• None
Yes
⌂
No
⌂
Undetermined
⌂
Department Of Finance Records
Survey Report
PG. 1 of 3
Survey Report
PG. 1 of 3
Department Of Buildings Report
PG. 2 of 3
Department Of Buildings Report
NO VIOLATIONS ON THIS BUILDING AS OF 10/14/16 Full D.O.B. report available upon request
PG. 2 of 3
Floor Plans No Floor Plans Available with Dept. Of Buildings. Premises is recognized as a 2 Family with the Department Of Buildings And Dept. Of Finance. LAYOUT IS AS FOLLOWS: • CELLAR: OPEN FLOOR PLAN , BOILER AREA , WASH ROOM AREA , OIL TANK AND METER ROOM , STORAGE ROOM. • 1ST FLOOR: 3 BEDROOMS , KITCHEN/DINING ROOM , FULL BATHROOM , LIVING ROOM ( with Working wood burning Fire Place ). • 2ND FLOOR: 2 BEDROOMS , KITCHEN , FULL BATHROOM , LIVING ROOM. • ATTIC: 2 ROOMS + Large open Area.
____________________________________________________ Over All Condition Of Property Structurally Poor ⌂
Fair ⌂
Good ⌂
Excellent ⌂
Property Income & Expenses INCOME / RENTALS • 1ST FLOOR: $1,600.00
( Currently Occupied by home owner will vacate Jan 31,
) 2ND FLOOR: $1,150.00 ( Current Lease is month to month ) 2017 + an additional 1 month if needed, payable by tenant
•
____________
$2,750.00 ------------------------------------ $2,750.00 • Buyer will deduct upfront charges for 1st floor rent @ a rate of 1600 per month at closing.
EXPENSES 1. Oil ( Averaged During Winter Months Nov. – Mar. ): $3,200.00 ÷ 5 = $640.00 a month 2. Electric ( Note meter is connected with 1st floor apt , public hallways , exterior lights and cellar. ): $55.42 3. Gas
( Note meter is connected with 1st floor apt and Hot Water Tank ): $71.23
4. Water
( This is quarterly averaged ):
5. Mortgage ( Which includes Taxes , Insurance , Water & Sewage):
$115.00 $2,240.35
Copy of receipts , bills , utilities , mortgage available upon request once contract is signed
Mortgage & / or Bank Information Mortgage Carrier: Wells Fargo Mortgage Type: Conventional Mortgage Details: Transferable ONLY TO DIRECT FAMILY MEMBER Interest Rate:
4.875%
Mortgage Type: Conventional
Pictures: 1st Story Bathroom
st floor Kitchen 1
st floor Kitchen 1
1st floor Living Room
1st floor Living Room
st floor Hallway 1
st floor 1
Bedroom #1
st floor 1
Bedroom #1
st floor 1
Bedroom #2
st floor 1
Bedroom #2
st floor 1
Bedroom #3
Pictures: 1ST STORY PUBLIC HALLWAY
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Private Hallway
Pictures: 2nd Story Bedroom #1
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Bedroom #2
Pictures: 2nd Story Kitchen
Pictures: 2nd Story Kitchen
Pictures: Attic
Pictures: Attic
Pictures: Attic
Pictures: Attic Bed Room #4
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Rear )
Pictures: Exterior ( Bldg Right Side )
Pictures: Exterior ( Bldg Left Side )
Rehab Requirements • 1st STORY Apt. BATHROOM. Install new floor and wall tiles. • 1st STORY Apt. KITCHEN. Replace Wall & Base Cabinets , Counter top , Install back splash. • 1st STORY Apt. WALLS. Plaster and paint as needed • 1st STORY Apt. CEILINGS. Plaster and paint as needed • 1st STORY Apt. OUTLETS AND LIGHT SWITCHES. Replace as needed. • CELLAR WALLS. White wash all walls. It’s up to the individual owner/contractor if their preference is finishing the walls with sheetrock. • CELLAR CEILING. The ceiling in the basement we would personally always finish. You can accomplish this in numerous ways. We prefer to use an acoustical ceiling ( AKA Drop Ceiling ) , it allows access into the ceiling for anything that might present itself and it also covers the ceiling and leaves it looking beautiful.
Recommendations Please keep in mind that the following are only suggestions to maximize on your profits , to attract the right buyers and to sell to potential buyers. These recommendations will more than likely require the services of an architect and/or expert in their own particular field of trade.
• Creating storage rooms in the cellar and rent rooms to tenants. This would bring in additional income while also increasing sq. ftg usage to the property. • Creating a laundry room and installing coin operated washers and dryers. • Converting the attic to be used in conjunction with the 2nd floor to increase square footage and adding additional living space. This will increase the rent you can collect for space. Doing this will increase the apt from 2 Bedrooms to 4/5 Bedrooms. • If you do the above item then, then you can eliminate the 2nd floor public hallway light and incorporate it into the apartment electrical meter. Of course the door to the apartment on the 2 nd floor will be removed and installed at the base of the stairway. • Filing for and installing a Hot water tank and boiler for each apt. In doing this you eliminate the following: Oil Delivery A separate meter for gas (for the landlord) for the hot water tank. Saving you money on utilities and installation for additional plumbing. • If the property is not going to be owner occupied then an additional electrical meter will need to be installed for the public area lighting. Currently it’s under the 1st floor meter.
Summing it all up 114 Washington Street Mt. Vernon NY , 10550 2 Family House | 5 Bed | 2 Bath | 4,826 sq ft __________________________________________________ Purchase Cost Total Rehab Cost Total Permit Fees Total misc. Costs
$265,000. $ 10,000. $ .00 $ .00
__________________________________________________________ Total Project Cost $275,000.00 ARV $330,000.00 __________________________________________________________ Profit $55,000 Neighborhood Rental: 1-Bedroom: $1,050.00 - $1,350.00 2-Bedroom: $1,400.00 - $1,700.00 3-Bedroom: $1,800.00 - $2,400.00 Projected Rehab Time: 1 - 2 weeks Projected Sale Time: 4 - 6 months Earnest Deposit Required to hold: “YES” $5,000 Non-Refundable of $3,000 Deposit Required to view: NO For access contact: 7S REI LLC Directly 929-800-2881 Lock Box at site: “NO” Owner and Tenant Occupied. Please call us for Appt’
In Closing It was a pleasure to bring this deal to your attention. We hope that you found our report to be thorough and very informative. We’re always looking for ways to improve our service and our client satisfaction rating of us. If you can share anything positive or negative that we can add or remove, it would be most helpful. Please email us at [email protected] .
Opportunities: • • •
• •
Wholesale Deals: If you would like for us to notify you of future wholesale deals visit our website at www.7Sezwholesalehomes.com . Fill out the short form and you’ll be added to our mailing list. Network Contacts: Don’t have a network or not enough contacts in your network. Use ours, we’ll gladly share anyone within our network. Just let us know what service you’re looking for and you will have it. Private Money Lender: Passive Investment Opportunities ( Backed By Real Estate ). Are you a Private Lender or want to become one. Let us know, we created a free report that will explain the ups , downs , risks and great earning potential in being a Private Lender. We gladly pay our Private Investors 10% for their invested funds. Which means if you invest 100K with us you earn 10K within a matter of a few months. There is no minimum or maximum to invest. Joint Venture Opportunities: Ask how you can partner with us on future deals. Need Funding for your project: We have a massive supply of proven and tested Private & Hard Money Lenders. We’ll give you access to them. Whatever we can facilitate to bring you one step closer to meeting your goals we will gladly make it available or possible.
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A quick reminder / note, the pre-written content that we wrote, including the free reports and presentations are copy write protected to us and for use by 7S R.E.I. LLC only. So, just a reminder please refrain from and / or discontinue using our free reports or any of the pre-written content that came from our reports on our sites or presentations either emailed by us or emailed by other investors. We give no consent or authorization to duplicate in whole or in part any of our content. To do so you would need direct permission from 7S R.E.I. LLC. If permission is granted credit must be given as 7S R.E.I. LLC as the original author. Thanks for understanding!
