September Deals

Hey guys a lot of these deals  are being sold before I can get to marketing them. We brought in 12 new deals in September with 5 more in the works 

Take a look and read the Buying Instructions Below .

Deal #1
 1356 Kiefer Ave Elmont (10.4.16 sold )

4br 2 bath Cape
Full Basement
detacched garage
Owner Occupied will be delivered vacant
currently being used as a mother daughter (not legal)
Elmont schools-  TAxes about 10k
House only needs cosmetics
will be delivered vacant
Starting Price $199k
For pics and public records click here 

 https://www.dropbox.com/sh/bxr7xi9fc5h8bg2/AACZbyqh4SHWUcC6RKDSmJTDa?dl=0

Inspection date to be determined 

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Deal #2   

east Pine Long Beach
3 br 2 bath
1280 sf
Minor sandy damage- Report from fema shows less than 50% damaged

Package being put together. Will have full address , photos and price update shortly

Currently occupied will be delivered vacant
Inspection date to be determined 

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Deal #3

1053 Jefferson ave Brooklyn (sold  )
legal 3 family with full basement
current FAR as built is 1.5 can be built out to 2.43
House is in Great shape
Starting @ $1,150,000

See pics and details here 
https://www.dropbox.com/sh/0jx2uy25kg5flrf/AACSvWuqNWsr74ofLp7JOkuaa?dl=0

Currently owner and tenant occupied owner is leaving – tenants are paying you will need to
work with the as lease runs out.
Inspection date to be determined 
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Deal #4

8 Micky ct  Huntington station ( 10.12.16 offers pending contracts)
colonial 3 br 1.5 bath
1280 sf
Owner Occ
will be delivered Vacant
Needs Updating
$299,000 

pictures  and public record found here 

https://www.dropbox.com/sh/aa9jm9n7hwdb7qm/AAAB_F00IixL2buUa_nYKFk7a?dl=0

Inspection date Tuesday October 11th  at 11 am 

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Deal #5

 oaklawn Ave Farmingville
2 lots  1 with a 3br 2 bath  house with full basement  and 1 with a cottage
check back we are clearing title will be listed in a few days
occupied will be delivered vacant
in order to subdivide the house  you’ll need to know down garage 

Both the house and cottage are in 100% perfect condition

Inspection date to be determined 

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Deal 6  

782 Greata Place Bellmore (10.4.16  sold )

 

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Deal 7

994 Broadway(10.4.16  sold  )
Westbury NY 11590
1736 sf Expanded cape
Full Basement
4 Bedroom 2 Bath
Westbury schools
House is in GREAT SHAPE EASY REHAB
Has Newer roof siding windows and kitchen
Need to get new boiler, sand and stain floors paint , redo both bathrooms and finish basement
$222k

pictures and public record here
House is occupied will be delivered vacant

https://www.dropbox.com/sh/hfb1qg8n6l5bqig/AABK_pHDVUqgn9r3bmNX-STPa?dl=0

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Deal 8

Seacliff coming soon

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Deal #9
46 wilmarth Ave North Patchogue 
Currently a 2/1 can convert garage and make it a 3/1
Full Basement
House needs a full renovation
Starting Price $ 119k
drive by only
Vacant

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Deal 10

Vega Drive Land Deal ready to build approvals In

approved building lot see lick for approved plans
$72k

https://www.dropbox.com/sh/p062s886oijs42h/AAAD4_6QKT-EY4yVVpDBSZRQa?dl=0

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Deal 11

Plain view coming soon

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Deal 12

Ocean side coming soon

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Deal 13

1665 Johnson ave Elmont  ( 10.11.16 sold) 
currently a 3br 1 bath Cape
TAxes $9242
Complete rebuild house is a wreck
House is vacant- Drive by walk around no inside access
Starting Price $199k
For pictures and public records click here 

https://www.dropbox.com/sh/cw8z57kgd45jhqu/AABfStEfmXrkw_BNaQTUjiN0a?dl=0

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READ THE BELOW 

As active fix and flip investors we’ve purchased numerous homes throughout the years from wholesalers all over New York . What we typically find is that they sell properties with very little margin or supporting comparable sales. Therefore, we look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price. At Max Returns wholesale homes we deliver properties that are truly below market. Now, the definition of “below market” can be subjective. If you ask ten different investors you’ll get ten different answers.

It’s not easy to find these types of properties. We spend thousands of dollars on marketing and countless hours searching for deals that meet this criteria.

Where do these deals come from?
We are marketing specialist. Our arsenal of marketing strategies includes:
o Bandit Signs
o Newspaper Advertising
o Local Flyers
o Other Guerrilla Strategies
o Direct Mail
o Massive Internet Exposure
o Direct Relationships With Banks & REO Agents

Unless your offer is all cash you’ll need to be approved with a hard money lender and submit proof of funds or approval letter with the offer. If you need hard money please let me know I can arrange financing.

**Please Note we will continue to market the properties until the contracts are signed. If you snooze you will lose, meaning if you sit on the contracts and do not sign them  they you may lose the deal to someone else.

BUYING  PROCESS

Inspection:

When Max Returns Real Estate Investments acquires a new property, an inspection date is set for buyers to visit and inspect the home. The inspection date is shown on the property’s email and website listing page. If the inspection date has not been determined, the inspection date will show “Drive by Access Only.”
Please contact Billy  by texting him at (631) 653-1414 or email balvaro@maxreturnsrei.com with any questions or for inspection time and details.

Inspection Rules:

Inspection attendees are expected to arrive in a timely manner. The inspection may last about 30 minutes to 1 hour , depending how much time is needed to inspect the property.

In order to keep our process clean and organized, do not ask the homeowner any questions. Any potential buyer who speaks to the homeowner regarding pricing on this property will be removed permanently from our buyer’s list. All properties being inspected are guaranteed to be under contract by Max Returns Real Estate Investments

However, basic questions and comments regarding property repairs and damages are allowed. Do NOT show up prior to Inspection Starting Time.

Offers and Bidding Process:

When inspection is complete, buyers may submit an offer for the property. Bids must be received by the given deadline shown on the property’s email and the website listing page. In addition, buyers must attend inspection for their offer to be considered.

All offers must be submitted via email to balvaro@maxreturnsrei.com. Buyers must include their name (first and last), phone number, email address, and  proof of funds , Corp or LLC info and attorney info. Upon offer acceptance, this information is forwarded to escrow.

Offer Acceptance:

When an offer is accepted, the winning bidder is notified of their offer’s acceptance. Purchase Agreement and wire instructions are sent to the buyer and their attorney  via Docusign  and email and immediate wire of $5,000 non-refundable EMD is demanded (EMD is refunded if property is not delivered with clear title).

This $5,000 non-refundable EMD is required and needs to be wired by 2PM within 24 hours of receiving the contracts. Please submit a wiring receipt to balvaro@maxreturnsrei.com in order to verify EMD has been submitted prior to the deadline.

When the $5,000 non-refundable EMD and Purchase Agreement are submitted before the deadline, escrow is opened and the escrow process begins as normal. If EMD is not wired and the Purchase Agreement is not signed by the deadline, Max Returns Real Estate Investments must move on to the next buyer.

 

Expect success
Billy Alvaro