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- #60: 🚀 Massive Flip Profits & House Hack Opportunity – Don’t Miss These Deals!
#60: 🚀 Massive Flip Profits & House Hack Opportunity – Don’t Miss These Deals!
San Jose fix-and-flips with six-figure profits, a multi-family investment in Kansas City with a 7.6% cap rate, and an owner-occupy house hack in Oakland with strong cash flow. Plus, ReiList Beta is launching soon!
Kevin
February 08, 2025
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Hello Investors,
Welcome to Dealsletter #60 - We’re back with four powerhouse investment opportunities!
Two Fix & Flips in San Jose → Over $140K-$200K+ profit per flip!
Kansas City Multi-Family → Strong 7.6% cap rate in a booming market.
Oakland House Hack Opportunity → Live in one unit & let tenants cover your mortgage!
💡 Big News: ReiList is launching soon! 🎉 ReiList will be our new real estate deal platform, giving you early access to handpicked, high-performing investment opportunities. Dealsletter subscribers will get first access to the Beta launch.
Let’s dive into this week’s deals! 👇
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 7.03%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.42%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
House Flip in San Jose, CA
Property: 34th St, SFH
ROI: 142%
House Flip in San Jose, CA
Property: Othello Ave, SFH
ROI: 89%
Multi-Family in Kansas City, MO
Property: Charlotte St, 6 Units
Cap Rate: 7.6%
House Hack in Oakland, CA
Property: Excelsior Ct, 4 Units
Cap Rate: N/A
Fix & Flip in San Jose
💰 Price: $750,000 (But we anticipate offering $875,000+)
🏠 Investment Strategy: House Flip
📈 ROI: 142%
Why This is a Great Investment 👉🏼 This off-market fixer in San Jose is severely underpriced, making it a prime flip opportunity. Even at an offer of $875,000, the conservative ARV of $1.325M provides plenty of margin. Given comps supporting $1.4M+, this deal has built-in equity and strong profit potential.
Important Information 👉🏼 Given this property's unusually low price—even for a fixer-upper—we need to bid significantly above asking price. Dealsletter suggests offering $875,000 or higher, as the property's strong ARV potential provides room for a competitive offer. After completing your analysis, consider bidding even higher, since the ARV provides ample cushion for a larger investment.
The Stats (10% Down w/ HML) 📝
Purchase Price: $875,000 (Recommended Offer)
Rehab Costs: $137,500 (Includes 10% cost overrun)
Full cosmetic remodel
New roof needed based on pictures.
ARV: $1,325,000 (Conservative, comps support $1.4M+)
Holding Time: 3 months
Total Profit: $200,114
ROI: 142.7%
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