Great turnkey investment property in St. louis mo for only .62cents on the dollar. $19,121.64 positive cash flow the 1st year & $66,000.00 in equity.
Before rehab video will be up 11/2/09 on www.youtube.com/jdsproperties1
7721 Peachtree St. Louis MO 63130 is a fantastic deal in the beautiful University City area of St. Louis MO. It’s a 3bed 2 bath 1316sqft home with car port. This home will have a retail value of at least $130,000, or more. It comps out at $145,000 and zillow has it at $172,000.
You can pick up this gem for only $80,000.00 totally rehabbed and ready to rent or sell. That is only .62 cents on the dollar. Or you can get it as is, before we start the rehab for only $66k
We plan on having this home rented soon for at least $925/mth and we estimate your monthly payment (PITI+ property management) to be only $668.47/mth which will leave you a very respectable $256.53 positive monthly cash flow and $66,000.00 in equity. This would make a great home to lease purchase also
WE WILL PAY ALL YOUR EXPENSES FOR A YEAR!!! So your 1st year positive cash flow will be:
$925 X 12 = $11,100 (rents)
+ 668.47 X 12 = $8,021.64 (expenses paid)
= $19,121.64 positive cash flow the 1st year.
Call John Skaggs @ (901) 212-7246 to requests info or pics
Call John Skaggs @ (901) 212-7246 to requests info or pics
Tuesday, October 27, 2009
Request for Permanent Reversal of HVCC
Request for Permanent Reversal of HVCC
http://www.hvccpetition.com/SignPetition.aspx
Everyone should take a look at this site and sign this petition to stop the HVCC Appraisal Guidline. You should also forward this link to anyone you know involved in real estate.
http://www.hvccpetition.com/SignPetition.aspx
Everyone should take a look at this site and sign this petition to stop the HVCC Appraisal Guidline. You should also forward this link to anyone you know involved in real estate.
Thursday, October 22, 2009
owner financed occupied memphis investment property
owner financing with only 10% down, $269/mth cash flow
5024 Shubert Cv, Memphis TN 38109 is a 1000sqft 3 bed 1.5 bath. It is currently rented for $650/mth. Retail value is about $52,000 but can get it owner financed (with 10% down) for only $41,500. Your owner financed note will be about $381/mth leaving you with about $269/mth positive cash flow.
Call John Skaggs @ (901) 212-7246 to requests info or pics
Make an offer!!!!
www.jdspropertiesmemphis.com
www.youtube.com/jdsproperties1
5024 Shubert Cv, Memphis TN 38109 is a 1000sqft 3 bed 1.5 bath. It is currently rented for $650/mth. Retail value is about $52,000 but can get it owner financed (with 10% down) for only $41,500. Your owner financed note will be about $381/mth leaving you with about $269/mth positive cash flow.
Call John Skaggs @ (901) 212-7246 to requests info or pics
Make an offer!!!!
www.jdspropertiesmemphis.com
www.youtube.com/jdsproperties1
Tuesday, October 13, 2009
Fannie and Freddie now have 100,000 REOs in portfolio
GSE REO Portfolio Near 100,000
According to 10-Q filings with the Securities and Exchange Commission (SEC), Freddie Mac’s portfolio is nearly 35,000 properties, while Fannie Mae’s is closing in on double that figure at nearly 64,000. Fannie’s REO portfolio nearly doubled from the first half of 2008 compared to H109. Fannie held 33,729 properties during H108. The number of properties increased in all regions of the US except the Midwest, which experienced a decrease from 15,265 to 14,626 properties, but the rate of growth in the two portfolios has declined. Freddie acknowledges it expects to experience further losses from REO properties: “While temporary suspensions of foreclosure transfers and recent loan modification efforts reduced the rate of growth in our charge-offs and REO acquisitions during the second quarter of 2009, our provision for credit losses includes expected losses on those foreclosures currently suspended,” the Freddie filing said. Freddie said its pool of Alt-A interest-only loans, as well as 2006 and 2007 vintage loans comprise the biggest share of its portfolio and “continue to be larger contributors to our worsening credit statistics than other, more traditional loan groups,” because of factors like declining home prices. Freddie’s REO properties are concentrated in the West region of the country, and homes there comprised 27% of the unpaid principal balances of Freddie’s single-family mortgage portfolio as of June 30, 2009, but accounted for 46% of its REO acquisitions in the first half of 2009.
www.youtube.com/jdsproperties1
www.jdspropertiesmemphis.com
According to 10-Q filings with the Securities and Exchange Commission (SEC), Freddie Mac’s portfolio is nearly 35,000 properties, while Fannie Mae’s is closing in on double that figure at nearly 64,000. Fannie’s REO portfolio nearly doubled from the first half of 2008 compared to H109. Fannie held 33,729 properties during H108. The number of properties increased in all regions of the US except the Midwest, which experienced a decrease from 15,265 to 14,626 properties, but the rate of growth in the two portfolios has declined. Freddie acknowledges it expects to experience further losses from REO properties: “While temporary suspensions of foreclosure transfers and recent loan modification efforts reduced the rate of growth in our charge-offs and REO acquisitions during the second quarter of 2009, our provision for credit losses includes expected losses on those foreclosures currently suspended,” the Freddie filing said. Freddie said its pool of Alt-A interest-only loans, as well as 2006 and 2007 vintage loans comprise the biggest share of its portfolio and “continue to be larger contributors to our worsening credit statistics than other, more traditional loan groups,” because of factors like declining home prices. Freddie’s REO properties are concentrated in the West region of the country, and homes there comprised 27% of the unpaid principal balances of Freddie’s single-family mortgage portfolio as of June 30, 2009, but accounted for 46% of its REO acquisitions in the first half of 2009.
www.youtube.com/jdsproperties1
www.jdspropertiesmemphis.com
Friday, October 9, 2009
Delinquencies rise
Delinquencies rise
Fannie Mae says that delinquencies on loans accelerated and its mortgage investment portfolio stayed unchanged in August from the previous month. Delinquency on loans in its single-family guarantee business jumped by 0.23 percentage points to 4.17 percent in July, the most recent data available, and multifamily delinquencies also rose, up 0.05 percentage points to 0.56 percent in July. The mortgage investment portfolio was at $779.4 billion in August, for an annualized 1.5 percent decrease year to date.
JDS Properties
www.jdspropertiesmemphis.com
www.youtube.com/jdsproperties1
Fannie Mae says that delinquencies on loans accelerated and its mortgage investment portfolio stayed unchanged in August from the previous month. Delinquency on loans in its single-family guarantee business jumped by 0.23 percentage points to 4.17 percent in July, the most recent data available, and multifamily delinquencies also rose, up 0.05 percentage points to 0.56 percent in July. The mortgage investment portfolio was at $779.4 billion in August, for an annualized 1.5 percent decrease year to date.
JDS Properties
www.jdspropertiesmemphis.com
www.youtube.com/jdsproperties1
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