351 UNION AVENUE , MT VERNON NY 10550 PDF
7S Real Estate Investments LLC A Residential Redevelopment Company
WHOLESALE DEAL 351 Union Ave. 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:
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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 351 Union Ave, MT Vernon NY 10550
Property Details Pool: No
Type: Single Family Home
Bedrooms: 5
Year Built: 1900
Bathrooms: 2
Stories: 2
Rooms: 12
Sq. Ftg: 1900 SQ. FTG.
Basement: No
Fuel: #2 OIL FOR HEATING ( 250
Lot Size: 2225 SQ. FTG.
Cellar: YES
Gallon Tank ) / GAS FOR COOKING
Parking: CAR PORT ( REAR )
Attic: YES
Taxes: 7,610
Porch: Yes ( Front ) Deck: No
Deal Type:
Wholesale
Fire Place: No Water Meter: Yes Septic/Sewer: Sewer
Heating: Cast Iron Base Board H.O.A. Fee’s: No Occupancy: Vacant Flood Zone: No
Condition of sale: Buy As-Is
Sale Price: 105,000
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 Holmes School (assigned) 4 Out of 10 Rating Grades PRE K-6 Distance 0.9 Miles Longfellow Middle(assigned) Grades 7-9 Distance 0.4 Miles
3 Out of 10 Rating
Thornton High ) (assigned) Grades 7-12 Distance 0.6 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
343,353 452,000
311 South 4 Ave. Sold for 280,900 in 5/2016 , 5 Beds , 2 Baths , 2100 Sq. Ftg. 362 Nuber Ave. Sold for 305,000 in 12/2015 , 5 Beds , 2 Baths , 2286 Sq. Ftg. 215 Langdon Ave. Sold for 390,000 in 5/2016 , 5 Beds , 3 Baths , 2300 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 4.8% 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 400,000. Do your research as to what cabinets , counter top , bathroom fixtures and tiles are most valued by clients. Once this is done it will sell and you’ll have clients outbidding each other.
As with any other deal. Please do your due diligence thoroughly .
Google Maps
Story behind this property This property was brought to our attention by a fellow investor who had an emergency back home and needed to leave the country. He didn’t want to enter into contract because he didn’t know how long he was going to be away. So he passed it on to us. This home is mostly smoke damaged on the 1st story. The fire originated on the property to the left of this one. The fire was so intense that it melted away the majority of the vinyl siding. The extent of the fire damage to this property is localized only to the left side of the house. Some wall studs , the entire fascia sub-wall needs to be replaced before putting on the siding and the left side of the roof rafters. Mostly only the tips have been damaged by the fire. This being said you can’t just replace portions that are damaged. It’s recommended to replace the full length of the damaged ones.
Disclosures:
Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• • • • • • • • • • • • • • • • •
Structural Defects Mold Lead Radon 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
• Roof Leaks
Yes
No
⌂
⌂
Undetermined
⌂
The roof does leak because of the fire damage. This is mostly focused on the left side of the house where it took most of the fire blaze from next door. Although not extensive it does require attention.
• City Code Violations ⌂
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⌂
Yes, there is a violation from The Department Of Buildings. Violation #40038 from Sept. 8, 2015. This is from when the fire caused damage to the exterior wall. Every and any structure that sustains fire and or water damage due to flood will be deemed unsafe building by the department of buildings guidelines. This violation is not a lien or of a monetary value. It is a violation that can be cleared from the buildings records by submitting plans and filing for a permit to do the work. As investors this is something that we do on a daily basis any way. Copy attached.
Department Of Finance Records
Department Of Buildings Report
PG. 1 of 3
Department Of Buildings Report
PG. 2 of 3
Department Of Buildings Report
PG. 3 of 3
Floor Plans This page left blank intentionally. Floor plans not available as of yet.
____________________________________________________ Over All Condition Of Property Structurally Poor ⌂
Fair ⌂
Good ⌂
Excellent ⌂
Pictures: 1st Story Bathroom
st floor Kitchen 1
1st floor Dining Room
1st floor Living Room
st floor Hallway 1
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Hallway
Pictures: 2nd Story Hallway
Pictures: 2nd Story Hallway
Pictures: 2nd Story Bedroom #1 & #2
Pictures: 2nd Story Bedroom #3
Pictures: 2nd Story Kitchen
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #5
Pictures: Attic Bed Room #5
Pictures: Attic Bed Room #5
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar Bathroom
Pictures: Cellar Kithen
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Rear )
Pictures: Exterior ( Bldg front yard )
Pictures: Exterior ( Bldg Rear Yard )
Pictures: Exterior ( Bldg Right Side )
Pictures: Exterior ( Bldg Left Side )
Rehab Requirements • •
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INSTALL NEW SIDING ALL SIDES OF HOUSE. Can be placed on top of what is currently there. With the exception of the left side of the house. The entire sub-wall plywood need to be replaced. INSTALL NEW ROOFING. The rafters on the left side of the house were damaged by next door fire. The damage is focused mainly on the tips. Although the tips were damaged the entire length of the damaged rafters need to be replaced. Once that is done and the sub-flooring is placed the entire roof can be shingled. REPLACE FLOORING ON 1ST FLOOR. Floors appeared to be rotted and water damaged in certain areas. They are structurally sound. No telling how extensive is the damage as there was debris on the floor. To air on the side of caution it’s estimated to be replaced. FLOORING ON 2ND & ATTIC FLOORS. Subflooring appeared to be in good condition. It appeared that this home the rooms have always had carpet or linoleum type floor covering. Recommend Installing hard wood flooring. To air on the side of caution it’s estimated to be replaced. BATHROOMS. 1st & 2nd Story bathrooms require complete gut rehab with new fixtures. Remove the illegal bathroom at cellar unless you’re going to file plans. KITCHEN. Requires complete gut rehab with new cabinets , countertops , appliances. Remove the illegal Kitchens from the cellar & 2nd floors unless you’re going to file plans. WALLS. For most rehabbers there are walls that are good. For us personally we would replace all walls and physically see what’s behind the walls , insulate it and inspect to see if there’s any pests , plumbing or electrical issues. CEILINGS. Replace all ceilings and physically see what’s above it , insulate it and inspect to see if there’s any pests , plumbing or electrical issues. OUTLETS AND LIGHT SWITCHES. Replace all on all stories. CEILING AND WALL LIGHT FIXTURES INCLUDING EXTERIOR. Replace all. DOORS. Replace all. WINDOWS. Replace all. CELLAR FLOOR. Is made of concrete and appeared to be in good condition. HOT WATER TANK. Replace it. The old one might be working but with a rehab of this magnitude you’re better off replacing it. FURNACE. Replace it. The old one might be working but with a rehab of this magnitude you’re better off replacing it. BASE BOARD MOLDINGS. Replace all. WINDOW AND DOOR TRIMS. Replace all. STAIRWAY TREADS AND RISERS. We found the 1st floor stairway leading to 2nd sty and the 2nd sty stairway leading to the attic to be structurally sound. It’s always been our experience to remove treads and risers and then sand the stringers down. Then install new treads and risers. This was done to save on labor costs of sanding , staining and poly. However the stairs leading to the basement does need work. These might need to be replaced. CELLAR WALLS. Remove all studs and sheetrock at walls and ceiling. Then white wash all walls. It’s up to the individual rehabber 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. FRONT PORCH. The flooring requires work. Strongly recommend not using wood. The railings need to be replaced. The awning would need to be replaced. Although the awning is not mandatory it is proven that it’s a selling point for some buyers. No one wants to get wet while opening their front door.
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.
• Creating an open floor plan concept will really add value and grab everyone’s attention. • Creating a laundry room in the basement. Install cabinets and counter tops for folding clothes. This will add living space. • Creating an office in the basement to also add usable space. Thus increasing sq. ftg. To the home. • Adding a play room in the basement also adds over all sq. ftg. Odds are 88.2% chance of a family moving in with a child or having a child. • Converting this 1 family into a 2 family home. This will increase the ARV to 390K+. The first floor can be used in conjunction with the cellar ( no rooms for living ), the 2 nd floor can be used in conjunction with the attic. PLEASE NOTE YOU NEED TO FILE PLANS FOR THESE. If you take the route of filing plans, adding a ½ bathroom in the cellar increases value to the home. • Installing a skylight or two on the top story. One in each area to allow for natural light and save on electrical costs associated with turning the lights on. • Checking stability of roof rafters to see if they can accommodate solar panels on either side of the house. It’s always an option to ask the new homeowner if they would like them installed. You don’t have to install them. Just call us and we’ll have the pro’s install it. Once it’s done you can expect a check in the mail for the referral. • Install Light fixtures on sides and rear of house. • Outlining the rear yard lot line borders would add a sense of security as well as a realization as to how big the rear & side yard really is. • When the rehabbing work begins, if the roof and façade of house is done first you can start advertising it as coming soon. This way you can start lining up your possible buyers. Also placing a large lawn sign with a color picture of what the interior will look like will grab peoples eye. Once they see this, they will be curious and come by just to see how it looks on opening day. • Making the house cable ready & internet ready with ports in every room with a main junction in the basement area for easy access. Must use fiber optics for top quality picture. ( consult with a pro ) • A lot of contractors save all the metal from the home renovation and then take it in to be recycled. This can also bring in a whopping sum of 1 to 3K total. • Consult with your contractor what the costs are for gutting ( demolition ). Most times it’s cheaper to get a separate insurance for the home in case anyone gets hurt in the home while walking or working in it. Then hire 4 to 6 laborers to remove all the debris. Contract 2 or 3 dumpsters to be dropped off on the property in the rear. Doing this should save you from having to deal with D.O.T. for street permits etc. While you may spend 4 – 8K this will save you 10 – 15K.
Summing it all up 351 Union Ave. Mt. Vernon NY , 10550 Single Family | 5 Bed | 2 Bath | 1,900 sq ft __________________________________________________ Purchase Cost Total Rehab Cost Total Permit Fees Total misc. Costs
$105,000. $135,000. to $711.00 $4,450.00
$105,000. $150,000 $ 711.00 $ 30,275.00
__________________________________________________________ Total Project Cost $245,161 $285,986 ARV
$345,000
Worse case scenario / Best case scenario
$480,000
__________________________________________________________ Profit $99,839 $194,014 Neighborhood Rental: 1-Bedroom: $1,150.00 - $1,200.00 2-Bedroom: $1,400.00 - $1,650.00 3-Bedroom: $1,900.00 - $2,200.00 Projected Rehab Time: 4-6 weeks Projected Sale Time: 1-3 months Earnest Deposit Required to hold: “YES” $5,000 Non-Refundable of $2,000 Deposit Required to view: NO For access contact: 7S REI LLC Directly 929-800-2881 Lock Box at site: “YES” Given upon approval. Please call.
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: • • •
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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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WHOLESALE DEAL 351 Union Ave. 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 351 Union Ave, MT Vernon NY 10550
Property Details Pool: No
Type: Single Family Home
Bedrooms: 5
Year Built: 1900
Bathrooms: 2
Stories: 2
Rooms: 12
Sq. Ftg: 1900 SQ. FTG.
Basement: No
Fuel: #2 OIL FOR HEATING ( 250
Lot Size: 2225 SQ. FTG.
Cellar: YES
Gallon Tank ) / GAS FOR COOKING
Parking: CAR PORT ( REAR )
Attic: YES
Taxes: 7,610
Porch: Yes ( Front ) Deck: No
Deal Type:
Wholesale
Fire Place: No Water Meter: Yes Septic/Sewer: Sewer
Heating: Cast Iron Base Board H.O.A. Fee’s: No Occupancy: Vacant Flood Zone: No
Condition of sale: Buy As-Is
Sale Price: 105,000
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 Holmes School (assigned) 4 Out of 10 Rating Grades PRE K-6 Distance 0.9 Miles Longfellow Middle(assigned) Grades 7-9 Distance 0.4 Miles
3 Out of 10 Rating
Thornton High ) (assigned) Grades 7-12 Distance 0.6 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
343,353 452,000
311 South 4 Ave. Sold for 280,900 in 5/2016 , 5 Beds , 2 Baths , 2100 Sq. Ftg. 362 Nuber Ave. Sold for 305,000 in 12/2015 , 5 Beds , 2 Baths , 2286 Sq. Ftg. 215 Langdon Ave. Sold for 390,000 in 5/2016 , 5 Beds , 3 Baths , 2300 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 4.8% 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 400,000. Do your research as to what cabinets , counter top , bathroom fixtures and tiles are most valued by clients. Once this is done it will sell and you’ll have clients outbidding each other.
As with any other deal. Please do your due diligence thoroughly .
Google Maps
Story behind this property This property was brought to our attention by a fellow investor who had an emergency back home and needed to leave the country. He didn’t want to enter into contract because he didn’t know how long he was going to be away. So he passed it on to us. This home is mostly smoke damaged on the 1st story. The fire originated on the property to the left of this one. The fire was so intense that it melted away the majority of the vinyl siding. The extent of the fire damage to this property is localized only to the left side of the house. Some wall studs , the entire fascia sub-wall needs to be replaced before putting on the siding and the left side of the roof rafters. Mostly only the tips have been damaged by the fire. This being said you can’t just replace portions that are damaged. It’s recommended to replace the full length of the damaged ones.
Disclosures:
Conditions that require attention and / or Replacement / Remediation
Conditions / Damages
• • • • • • • • • • • • • • • • •
Structural Defects Mold Lead Radon 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
• Roof Leaks
Yes
No
⌂
⌂
Undetermined
⌂
The roof does leak because of the fire damage. This is mostly focused on the left side of the house where it took most of the fire blaze from next door. Although not extensive it does require attention.
• City Code Violations ⌂
⌂
⌂
Yes, there is a violation from The Department Of Buildings. Violation #40038 from Sept. 8, 2015. This is from when the fire caused damage to the exterior wall. Every and any structure that sustains fire and or water damage due to flood will be deemed unsafe building by the department of buildings guidelines. This violation is not a lien or of a monetary value. It is a violation that can be cleared from the buildings records by submitting plans and filing for a permit to do the work. As investors this is something that we do on a daily basis any way. Copy attached.
Department Of Finance Records
Department Of Buildings Report
PG. 1 of 3
Department Of Buildings Report
PG. 2 of 3
Department Of Buildings Report
PG. 3 of 3
Floor Plans This page left blank intentionally. Floor plans not available as of yet.
____________________________________________________ Over All Condition Of Property Structurally Poor ⌂
Fair ⌂
Good ⌂
Excellent ⌂
Pictures: 1st Story Bathroom
st floor Kitchen 1
1st floor Dining Room
1st floor Living Room
st floor Hallway 1
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Bathroom
Pictures: 2nd Story Hallway
Pictures: 2nd Story Hallway
Pictures: 2nd Story Hallway
Pictures: 2nd Story Bedroom #1 & #2
Pictures: 2nd Story Bedroom #3
Pictures: 2nd Story Kitchen
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #4
Pictures: Attic Bed Room #5
Pictures: Attic Bed Room #5
Pictures: Attic Bed Room #5
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Attic Hallway
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar
Pictures: Cellar Bathroom
Pictures: Cellar Kithen
Pictures: Rear Yard
Pictures: Rear Yard
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Front )
Pictures: Exterior ( Bldg Rear )
Pictures: Exterior ( Bldg front yard )
Pictures: Exterior ( Bldg Rear Yard )
Pictures: Exterior ( Bldg Right Side )
Pictures: Exterior ( Bldg Left Side )
Rehab Requirements • •
•
•
• • •
•
• • • • • • • • • •
• •
•
INSTALL NEW SIDING ALL SIDES OF HOUSE. Can be placed on top of what is currently there. With the exception of the left side of the house. The entire sub-wall plywood need to be replaced. INSTALL NEW ROOFING. The rafters on the left side of the house were damaged by next door fire. The damage is focused mainly on the tips. Although the tips were damaged the entire length of the damaged rafters need to be replaced. Once that is done and the sub-flooring is placed the entire roof can be shingled. REPLACE FLOORING ON 1ST FLOOR. Floors appeared to be rotted and water damaged in certain areas. They are structurally sound. No telling how extensive is the damage as there was debris on the floor. To air on the side of caution it’s estimated to be replaced. FLOORING ON 2ND & ATTIC FLOORS. Subflooring appeared to be in good condition. It appeared that this home the rooms have always had carpet or linoleum type floor covering. Recommend Installing hard wood flooring. To air on the side of caution it’s estimated to be replaced. BATHROOMS. 1st & 2nd Story bathrooms require complete gut rehab with new fixtures. Remove the illegal bathroom at cellar unless you’re going to file plans. KITCHEN. Requires complete gut rehab with new cabinets , countertops , appliances. Remove the illegal Kitchens from the cellar & 2nd floors unless you’re going to file plans. WALLS. For most rehabbers there are walls that are good. For us personally we would replace all walls and physically see what’s behind the walls , insulate it and inspect to see if there’s any pests , plumbing or electrical issues. CEILINGS. Replace all ceilings and physically see what’s above it , insulate it and inspect to see if there’s any pests , plumbing or electrical issues. OUTLETS AND LIGHT SWITCHES. Replace all on all stories. CEILING AND WALL LIGHT FIXTURES INCLUDING EXTERIOR. Replace all. DOORS. Replace all. WINDOWS. Replace all. CELLAR FLOOR. Is made of concrete and appeared to be in good condition. HOT WATER TANK. Replace it. The old one might be working but with a rehab of this magnitude you’re better off replacing it. FURNACE. Replace it. The old one might be working but with a rehab of this magnitude you’re better off replacing it. BASE BOARD MOLDINGS. Replace all. WINDOW AND DOOR TRIMS. Replace all. STAIRWAY TREADS AND RISERS. We found the 1st floor stairway leading to 2nd sty and the 2nd sty stairway leading to the attic to be structurally sound. It’s always been our experience to remove treads and risers and then sand the stringers down. Then install new treads and risers. This was done to save on labor costs of sanding , staining and poly. However the stairs leading to the basement does need work. These might need to be replaced. CELLAR WALLS. Remove all studs and sheetrock at walls and ceiling. Then white wash all walls. It’s up to the individual rehabber 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. FRONT PORCH. The flooring requires work. Strongly recommend not using wood. The railings need to be replaced. The awning would need to be replaced. Although the awning is not mandatory it is proven that it’s a selling point for some buyers. No one wants to get wet while opening their front door.
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.
• Creating an open floor plan concept will really add value and grab everyone’s attention. • Creating a laundry room in the basement. Install cabinets and counter tops for folding clothes. This will add living space. • Creating an office in the basement to also add usable space. Thus increasing sq. ftg. To the home. • Adding a play room in the basement also adds over all sq. ftg. Odds are 88.2% chance of a family moving in with a child or having a child. • Converting this 1 family into a 2 family home. This will increase the ARV to 390K+. The first floor can be used in conjunction with the cellar ( no rooms for living ), the 2 nd floor can be used in conjunction with the attic. PLEASE NOTE YOU NEED TO FILE PLANS FOR THESE. If you take the route of filing plans, adding a ½ bathroom in the cellar increases value to the home. • Installing a skylight or two on the top story. One in each area to allow for natural light and save on electrical costs associated with turning the lights on. • Checking stability of roof rafters to see if they can accommodate solar panels on either side of the house. It’s always an option to ask the new homeowner if they would like them installed. You don’t have to install them. Just call us and we’ll have the pro’s install it. Once it’s done you can expect a check in the mail for the referral. • Install Light fixtures on sides and rear of house. • Outlining the rear yard lot line borders would add a sense of security as well as a realization as to how big the rear & side yard really is. • When the rehabbing work begins, if the roof and façade of house is done first you can start advertising it as coming soon. This way you can start lining up your possible buyers. Also placing a large lawn sign with a color picture of what the interior will look like will grab peoples eye. Once they see this, they will be curious and come by just to see how it looks on opening day. • Making the house cable ready & internet ready with ports in every room with a main junction in the basement area for easy access. Must use fiber optics for top quality picture. ( consult with a pro ) • A lot of contractors save all the metal from the home renovation and then take it in to be recycled. This can also bring in a whopping sum of 1 to 3K total. • Consult with your contractor what the costs are for gutting ( demolition ). Most times it’s cheaper to get a separate insurance for the home in case anyone gets hurt in the home while walking or working in it. Then hire 4 to 6 laborers to remove all the debris. Contract 2 or 3 dumpsters to be dropped off on the property in the rear. Doing this should save you from having to deal with D.O.T. for street permits etc. While you may spend 4 – 8K this will save you 10 – 15K.
Summing it all up 351 Union Ave. Mt. Vernon NY , 10550 Single Family | 5 Bed | 2 Bath | 1,900 sq ft __________________________________________________ Purchase Cost Total Rehab Cost Total Permit Fees Total misc. Costs
$105,000. $135,000. to $711.00 $4,450.00
$105,000. $150,000 $ 711.00 $ 30,275.00
__________________________________________________________ Total Project Cost $245,161 $285,986 ARV
$345,000
Worse case scenario / Best case scenario
$480,000
__________________________________________________________ Profit $99,839 $194,014 Neighborhood Rental: 1-Bedroom: $1,150.00 - $1,200.00 2-Bedroom: $1,400.00 - $1,650.00 3-Bedroom: $1,900.00 - $2,200.00 Projected Rehab Time: 4-6 weeks Projected Sale Time: 1-3 months Earnest Deposit Required to hold: “YES” $5,000 Non-Refundable of $2,000 Deposit Required to view: NO For access contact: 7S REI LLC Directly 929-800-2881 Lock Box at site: “YES” Given upon approval. Please call.
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!
