Good Morning!!
Today I’d like to begin by shouting out the unsung heros of the residential real estate market: The Buyer’s Agent. It’s gotten tough these past 2 years for all agents, but Buyer’s Agents in particular have gotten unfairly challenged by the recent NAR Settlement making it a bit more difficult to earn commissions.
Ask yourself, who is responsible for keeping the real estate market moving? Who convinces the buyer to submit nearly every single retail offer? The Buyer’s Agent. Who keeps that buyer accountable to actually deposit the earnest money? Inspection schedules & repair negotiations? Actually following through and closing their deal? The Buyer’s Agent. On behalf of all fix & flip investors I say, “THANK YOU!!” The market NEEDS you.
Here are today’s highlights:
- 15 Unit Apartment Building For Sale
- 48 Fix & Flip Deals For Sale
- How to Legally Avoid Taxes (Podcast Released)
- 3 Opportunities for You to Earn 10% interest & 2 points on your money
- The Key to Making the Next Million Dollars
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Doing a Deal with Diamond Equity
Here’s What I’m Buying:
- Retail Strip or Shopping Center 10,000-250,000 Sq. Ft.
- Industrial or Flex Warehouse 20,000 – 250,000 Sq. Ft.
Here is How I Run My Schedule:
- I only schedule calls for which I am prepared. If you’d like to schedule a call with me, please include the full agenda of what will be discussed in your email. These are calls I handle personally:
- Accredited Investors who can write a Check for $1M or more and are interested in exclusive partnering on Commercial Real Estate deals.
- Brokers, Wholesalers, or Owners seeking to sell the type of Commercial assets outlined above. I am your buyer.
This week a shout out goes to Al Foda, Sharon Love-Bates, & Patricia Fagiola. All 3 are real estate agents, and I offered this deal: They make an introduction to the seller, and whether we were to fix & flip the deal, or wholesale the deal, I’ll pay them 25% of the net profit. I cannot do that with anyone who does not hold a license because of real estate licensing laws. All 3 referred houses that need a renovation. Thank you Al, Sharon, & Patricia!!
For Sale – 15 Units in Chicago, IL
9211 S Laflin St, Chicago, IL 60620 – Price $1,299,000
- 15 Units (1 is non-conforming)
- Current Gross Income $190,000+
- Brainerd Neighborhood – Near Beverly
- Separate Electric & Gas/Heat Meters
- Includes the Parking Lot
- Room to Raise Rents
- View Offering Memorandum
Price $1,299,000
Short Term Private Mortgage Investment Opportunities Available Now
This week we are offering 3 deals which you may fund to earn 10% interest and 2 points. Loan term will be 12 months, with expected payoff in 4-6 months. We will pay 3 months of interest minimum, if we payoff prior to 90 days.
- Elmwood Park, IL, 3 Bed 2 Bath will sell for $350,000. Closing this Week
- You Loan $235,000
- Minimum Return $245,500 (if held 3 mos or less)
- Small Renovation & Retail Sale 6-12 months est timeline.
- Steger, IL 4,000 Sq. Ft. Warehouse will sell for $350K+ Closing 30 days
- You Loan $210,000
- Minimum Return $215,950 (if held 3 mos or less)
- Already Renovated 6-12 months est. deal cycle timeline
- Hollywood – Los Angeles, CA, 3 Bed 2 Bath will sell for $1M+. Closing next week.
- You Loan $600,000
- Minimum Return $627,000 (if held 3 mos or less)
- Buy & sell as-is. 3-6 month est. deal cycle timeline
For details, be sure to sign up at www.FundRehabDeals.com . If you’re interested in funding one or more of these deals, please reply to this email and let me know which. These go quickly, and it’s first come first serve.
Weekly Wealth of Wisdom
How I’ll Make my Next Million Dollars
My next million dollars will come the same way the last few have: the deep work-focus of DECIDING on the RIGHT offer for our next deals. If we choose an offer too low, we will miss the deal. Too high, and we will lose money.
For example, we have been working for months on the right offer for a 100,000 sq. ft. shopping center with 70% vacancy and low population. Shout out to my partner, Craig, for continuing to push on this one. With a $2M-$3M capital improvement project (roof, parking, facade update), and large TI budgets & leasing commissions to fill it up, we simply cannot get this one wrong.
Another shout out goes to Mike Phillips. Instead of recommending I read Deep Work by Cal Newport, he asked for my address and simply sent the book. His timing was perfect. Since I’ve been reading it, my focus has improved and my ability to do “Deep Work” increased. For me, “Deep Work” is the focus needed to construct the RIGHT offers & win deals.
Making offers is the place I watch most wanna-bes fail & 100% of successful investors excel. It’s the big wall of resistance, the unknown, the place of challenge. If the offer is accepted, you must perform. Those who DO the business, MAKE the offer. Making more & larger offers is how I’ll make another million (or many!)
How to Legally Avoid Paying Taxes (Podcast)
Tax strategy is a skill Warren Buffett taught me early on. It’s one of the many reasons I invest in real estate. Tax Strategist Shauna, and I recorded a recent podcast on how to arrange your life & business in the most tax-efficient manner possible. This is NOT the 1031 Exchange. In fact there is MUCH MORE that can be done to keep more money in your pocket. Listen here.