Whats up Dealmakers,
Its been Hectic fine people! Been so busy working on these deals I havnt had a chance to update you on the happenings. My bad. I know, I know. Dont crucify the kid before you receive your blessings though. That would be dumb, duh-dumb-dumb and that you are not.
Lets see, Closing on a 4plex deal here in the next week. Looking at another 14 house deal which I am going to run a transitional housing facility from. 28 rooms, 2 people to a room. $113/day/person, can you say ch-ching. Come on say it with me my fiend..CH-CHING!!
I just wanted you to get it out your mouth so maybe you would see some of the possibilities with some of the deals you see on the market but dont know how to possibly maximize the cashflow on it.
Well, I have a private consultant I work with that is helping me with all the guidance and connections to do this Transitional housing thing so here is a tip for you. If you have a 4, 5 or even 6 bedroom house you can get a good deal on or even takeover subject existing finance, consider making it into a emergency shelter, a group home or transitional home. The state pays great money for these services as you are providing a great service to some very needy people and many times people that are really just tryin to get back on their feet from a tough situation. Of course it has its challenges, pros and cons but ask yourself, does the risk outweigh the rewards or vice versa. In a 5 bedroom house, if you lived in the master an managed emergency shelter out of the other 4 rooms with 2 people in each room, thats $27000 a month in gross income!! Even if your mortgage was $2k/mo not including all your other housing and business expenses, you would still be clearing close to $20k a month. Thats incredible money from just 1 property.
Now say it with me again people ....CH-CHING!! Now you get it? Good.
Hope I was able to put a little bit of fat on your head with that tip. If not and you have 4 or 5 bedroom house you cant stand to have any longer....I'll buy it...right now! just go to www.quickcloseinvestor.com. and you will get a cash offer from within 48 hours.
And if your looking to pick something up for a great price only, cause you know thats all I deal with, the Cheap (but good) stuff, then go to www.texasbelowmarket.com.
Thats all for now kiddos,
Now go get em!!
Troy
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