- Dealsletter
- Posts
- Dealsletter Issue #23: Fix & Flip Deals + BRRRR Method
Dealsletter Issue #23: Fix & Flip Deals + BRRRR Method
Unlock High-ROI Fix & Flip Deals and Master the BRRRR Method
Hello Investors,
This week's Dealsletter has a sweet fix and flip opportunity in San Jose, CA. The seller is asking for 1.9 million but is willing to take a lot less to move this property. It's in pretty good shape but definitely outdated. It needs some cosmetic work, but no major repairs are needed. Give your GC a call and get your HML ready because you don't want to miss out on this deal!
We also have more awesome deals in California, plus a great starter investment for newbies or investors looking for cheaper deals! We try to keep things diverse for our investors. Check it out below!
๐ Share the Love: If you're enjoying the insights and deals, why not spread the word? Forward this newsletter to friends and fellow investors. Don't let them miss out on these golden opportunities!
๐จ Note on Numbers: We base our insights on a 25% down payment and the current interest rate of 6.90%. Rest assured, we've crunched the numbers so you can focus on the core โ the deals.
๐๐ผ Stay up to date: Whatโs the latest on mortgage rates?
๐ The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals ๐๏ธ
Special Fix & Flip in San Jose, CA
Property: Felter Rd, SFH
ROI: 158+%
Multi-Family in San Diego, CA
Property: Madrona St, 5 Units
Cap Rate: 6.54%
BRRRR in Kansas City, MO
Property: Indiana Ave
Cap Rate: 20.2%
Multi-Family in Kansas City, MO
Property: Warwick Blvd, 12 Units
Cap Rate: 5.84%
Special Fix & Flip(Seller wants gone!)
$1,650,000 (Listed at $1,988,000)
5 Bed / 3 Bath / 3,000 Sq.Ft
Why this is a good investment ๐๐ผ : This San Jose property is listed at $1,988,000, but the seller is starting to be reasonable and wants it gone. They're willing to take $1,650,000. Itโs a great fix and flip opportunity thanks to its outdated condition and prime location. With an ARV of $2.3 - $2.5 million and estimated improvements costing $100,000 - $150,000, investors can make a nice profit. The home's close proximity to the San Jose Country Club and its amazing views boost its resale potential, making it a pretty sweet investment.
The Stats(With HML @ 5% Down) ๐
ARV: $2.35m
Rehab Costs: $137,000 + 10% overrun
Holding time: 4 months
Holding Costs: $76,738
Profit: $330,500
ROI: 158%
We suggest going for a Hard Money Loan for this flip and putting down just a bit of cash since the profit margins are massive. There's a fantastic lender, Kiavi, who offers flips with only low money down, 80% of ARV, and covers 100% of the rehab cost.
For more details and access to the deal please reach out to me at: [email protected].
Steal our best value stock ideas.
PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.
Are they undervalued? Can they turn around? Whatโs next? You donโt have time to track every stock, but should you be forced to miss all the best opportunities?
Thatโs why we scour hundreds of value stock ideas for you. Whenever we find something interesting, we send it straight to your inbox.
Subscribe free to Value Investor Daily with one click so you never miss out on our research again.
Multi-Family
$2,599,000
5 Unit Apartment Building
Why this is a good investment ๐๐ผ : This multi-family property comes with a solid cap rate of 6.54% and pulls in a monthly gross rent of $15,500, which means you're looking at a pretty healthy return on investment. It's super close to downtown dining, the harbor, and cool new spots like Sea World Park and resorts, not to mention being near Mexico, making it a hot spot for tenants. Plus, the utilities are a breeze to handle with a master water meter and separate gas meters, making management easier and cutting down on costs.
The Stats ๐
Cap Rate: 6.54%
Monthly Gross Rent: $15,500
Operating Income: $13,950
GRM: 13.97
BRRRR (Buy, Rehab, Rent, Refinance, Repeat)
$47,500
Single Family Home
3 BR / 1.5 BA / 1240 Sq.Ft
Why this is a good investment ๐๐ผ : This place is a fantastic first deal for a newbie investor or even a seasoned pro looking for a low-cash opportunity. We're using the BRRR method on this house, getting all our cash back on a cash-out refi, and making it cash flow too! The property needs a fair bit of work, but overall, this BRRR method is a great addition to your investments.
The Stats(Before Refi) ๐
Cash Needed: $10,925
Rehab Costs: $38,500
Holding Period: 3 months
Holding Costs: $2554
The Stats(Refi + Rent) ๐
ARV: $125,000
Refiance Costs: $3750
Loan Repayment: $76,500
Refiance Cash Out: $10,946 (Invested Cash!)
Total Cash invested: $0
Cash Flow: $200/mo
Multi-Family
$3,500,000
10 Unit Apartment Building
Why this is a good investment ๐๐ผ : The W Apartments is an awesome multi-family investment thanks to its top-notch renovations, like modern perks such as solar panels, stainless steel appliances, and in-unit washers/dryers. With a cap rate of 5.84% and major upgrades, this place promises steady rental income and lower maintenance costs. Plus, it's located in the cool Midtown area of Kansas City.
The Stats ๐
Cap Rate: 5.7%
GRM: 10.7
Gross Scheduled Income: $326,240
Operating Expenses: $118,346
NOI: $198,130
Do you want Dealsletter to increase it's frequency of newsletters?This means more deals, but more emails too. |
Whatโs Brewing at Dealsetter โ๏ธ
Extended Listings: Discover exclusive properties that aren't listed elsewhere.
ROI Deep Dive: Understand the financials in-depth โ from cash flow to occupancy rates.
Yearly Projections: Make informed decisions with our smart investment forecasts.
Buy & Hold Analytics: Get the long-term metrics essential for sustained growth.
Your Voice, Our Action: Your feedback is our guiding star. Keep the suggestions coming!
A Big Thank You! ๐
We're immensely grateful for our early subscribers. Your trust and engagement are the fuel that drives Dealsletter. We promise to keep delivering top-notch real estate insights and deals.
Until next time,
The Dealsletter Team