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SUNDAY, MAY 30, 2010
Hello Everyone! Happy Memorial Day 2010! We have been operating our website at www.cheaprichmondhomes.com for four years now. A lot has changed in the real estate market in the past four years. Think back to 2006. We were at the height of the market with tremendous appreciation AND credit that flowed steady and super easy! Those were the days of stated income loans where you could get nearly unlimited conventional style funding for your deals. It was a Sellers market so it was really tough finding great deals to buy. Finding properties that would cash flow and easily cover the mortgage were tough to find... Fast Forward to 2010 and all those scenarios have completely changed!
Now we have experienced declining values, tight credit and we are sitting in a Buyers Market. My question is which market would you really prefer? I am serious with this question and want to hear your thoughts on this question so email me direct at jim@cheaprichmondhomes.com.
For me, I really prefer today's market. I am buying more houses than ever. They are easy to flip to first time home buyers and I can buy a lot of solid rentals that easily cash flow. The challenge in todays market is not an inventory of great houses, but rather the ability to find great funding for your investments. Today you still have a couple of options. If you have good credit and some cash available you can use hard money. If your house is really cheap and way below market value you can finance it one hundred percent with no money down. Check out our lending site for more information on our recommended hard money source: Visit our lending site at Rehabbercash.com, just click here
What I have done in this market is establish private lenders and eliminated the need for using banks entirely. I am able to purchase as many homes as I want, fast and easier than ever with no banks or financial institutions involved. If you want to capitalize in todays market you need to overcome the funding hurdle so I suggest you try either hard money financing or work to find financial partners who will work as your own private funding source.
NOW, if you are looking for a great property we do have a couple available right now. One is a 3 bedroom rancher in chesterfield county for $83k. This could be rented or flipped, it is up to you. It is in need of an easy cosmetic update. This one will not likely fit hard money lending requirements for no money down.
The other one we have is a 4 bedroom in Richmond. It is in a very good rental area and it is priced at $39k. This one may fit hard money guidelines. We plan to purchase both and either flip or rent them in the near future, however if someone has some interest in them please let me know by calling me at 804-677-9025
Happy House Hunting and Happy Memorial Day 2010!
Jim Ingersoll
Want to connect? Connect in facebook just click here
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Visit me on youtube, just click here
POSTED BY NEWSLETTER AT 7:47:08 PM
FRIDAY, MARCH 19, 2010
Hello Everyone! I have a 3 bedroom home that we are going to sell for $35k. It is needs about $10 - 15k in repairs to make it a great rental with great cashflow. Home should fit EDC hard money financing fine. Contact me if you are interested in the information. I also recently a really nice email from an investor who has been experiencing great sucess in today's market... check it out below! Make it a great day today
I first met Jim Ingersoll after seeing one of his newsletters. I was skeptical at first as I couldn’t really imagine buying houses for little or no money down. I decided to give him a call and find out what the foreclosure/flipping world was all about. Jim and I met for coffee and as hard as I tried I could not find anything wrong with his program but I was still skeptical about the existence of these houses.
Once Jim took us out to view some available properties we’re were absolutely sold on his system and quickly made our first purchase. The first house we bought for 62K. We invested about 4k in repairs (Paint, carpet and HVAC service).We financed 100 of the purchase price and the 4k in repairs. The house appraised for 119K and we’re currently renting it for $1000.00 per month with over $300 per month in positive cash flow. We were also able to refinance the property after 6 months and do a cash-out refinance.
We took out 19K to use for our next house purchase. The next house was a great brick cape cod in an area currently going through a revitalization. The house was 1700 sq ft and selling for 50k but it needed a lot of work though nothing structural. The house had great bones and needed a new HVAC, windows, some electrical updating, new kitchen and bathrooms, floor refinishing, interior and exterior paint and some minor landscaping. We completed this project in less than 45 days. The final construction budget was 42k plus our finance carrying costs. We sold this house for 139k the first day on the market and made over 30K in less than 60 days. Laura and I have added over 80k to our net worth and we’re extremely excited about our future in real estate. We have seen this system work and could not have done it with the knowledge and guidance of Jim Ingersoll. We’re currently on the hunt for out next real estate flip. THANKS JIM!!!!Tom and Laura
Want to connect?
www.facebook.com/realestatedealmaker
Twitter: @cashrealestate
Youtube: www.youtube.com/jimingersoll
POSTED BY NEWSLETTER AT 8:20:47 AM
TUESDAY, MARCH 02, 2010
Hello Everyone! Here are SEVERAL TURN KEY RENTALS. You dont need to fix the plumbing, fix the roofs or get new heat and air. YOU dont need to go find great tenants. All the work is done for you and set to become a passive real estate investment.
Most of the properties available are section 8 tenant occupied so you are set to receive your rent on-time each month. Take a look at this list. Some of single families, some are duplex and there is one quad also available.
All of them provide excellent monthly cash flow that ranges from $200 - $600 per month. Take a moment to review them, then contact me for more information. I will be happy to meet you and take a look at them with you. Contact me via email jim@cheaprichmondhomes.com or 804-677-9025
STAY TUNED and Happy House Hunting!
Have you been reading my blogs or checking out my youtube videos:
Visit our blog site at Investing Now, just click here
Visit our youtube site, just click here
POSTED BY NEWSLETTER AT 7:45:52 AM
FRIDAY, FEBRUARY 26, 2010
Hello Everyone! DO NOT COME TOMORROW!
PLEASE REMEMBER that we had to reschedule our meeting that was originally scheduled for tomorrow (Saturday)! So many people signed up that we could not fit them into the space. I have secured a couple of sponsers and could use one more. We will be moving this event to a local hotel space... More details to come soon.
We have a package of 10 homes that are renovated and all occupied with section 8 tenants in place. Each has tremendous cash flow. I will begin uploading them to our main site later today so please check back and let me know if you are interested in buying some great rental properties. These are occupied with tenants and offer a turn key rental solution for you.
STAY TUNED and Happy House Hunting!
Have you been reading my blogs or checking out my youtube videos:
Visit our blog site at Investing Now, just click here
Visit our youtube site, just click here
POSTED BY NEWSLETTER AT 8:41:55 AM
SUNDAY, FEBRUARY 21, 2010
Hello Everyone! You guys BLOW me away.
I had a meeting located lined up to hold up to 55 people for next saturday's networking session, etc. The problem I ran into is that more than 75 people have sent me an email confirming you would like to come hear me speak and do some great networking.
I will need to cancel and reschedule the event so please stay tuned. To keep the cost to as close to free as possible I am going to look for sponsers from lenders, contractors, etc that would each be willing to pay a very small fee to help me cover my costs on this event. If you have a business and want to sponser please let me know right away.
STAY TUNED and Happy House Hunting!
Have you been reading my blogs or checking out my youtube videos:
Visit our blog site at Investing Now, just click here
Visit our youtube site, just click here
Again I want to thank all 3500 of you who have been receiving my newsletter for so long. I just received this short testimonial about a house I sold in Petersburg last year. I always appreciate testimonials:
POSTED BY NEWSLETTER AT 8:51:04 AM
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