November Off Market Deals | Max Returns REI

November Off Market Deals

Hey guys a lot of these deals are being sold before I can get to marketing them.

We brought in 8  new deals in October. Below are the one s that are available

Take a look and read the Buying Instructions Below.

Deal # 1 
8 Arrowhead LN East Setauket NY (sold)

Style :  Raised Ranch
Beds / Baths  4/3
Basement:  N/A 
Lot size :
Garage:
Taxes: $11,046
School District: Three Village
Occupancy: Non Paying tenants
Will be delivered : Occupied
Condition: needs work
Starting price:  $170,000
For pics and public data click here
https://www.dropbox.com/sh/4lqyzqc1jtvz48p/AABFKCESosfzA7ZqqgIKM58za?dl=0
Inspection Date:  Drive by only- occupied with tenants
About the Deal: tenant occupied> house in Great area. Flip this thing for great profit.
If you need an eviction attorney  we have an awesome one  who gets things done

 

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Deal 2
BUY & HOLD RENTAL CA$H FLOW LOW TAXES
Lowest priced home in Bellport 
606 Hoffman Ave Bellport NY 

Style : Ranch
Beds / Baths 3 br 1 bath ( van be a 4 /1 see below)
Basement: Full Not finished
Lot size :  .25 acre
Garage:  1 car
Taxes: 3900
School District: south country
Occupancy: Rented Long term tenant- 16 years you would need to increase rent to market rent only paying 1k its a 1750-1900 a month rental
Will be delivered : Tenant occupied
Condition: Good :
Starting price: $79,000
For Pics  and public data click here
Inspection Date: 1 time only date to be decided 
About the Deal: Long term tenant- RENTAL  SHOULD BE AT 1750 TO 1950
The house has a legal extension in rear you could have a 4th bedroom or keep as den
Super low taxes: 

 

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Deal 3
46 Wilmarth Patchogue NY ( in contract)
Good Rehab flip or Buy & Hold 

Style : Ranch
Beds / Baths currently a 2br 1 bath convert garage ad value turn into a 3br 1.5 bath full finished basement
Basement: Full Not finished
Lot size :  .25 acre
Garage:  keep or convert
Taxes: 6658
School District: Patchogue
Occupancy: will be vacant currently occupied
Will be delivered :vacant
Condition: full reno- see engineers report below 
Starting price: $109
For Pics  and public data click here
Inspection Date: drive by only click the above link for an engineers report 
About the Deal:  ready to close end of November

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Deal 4|
57 Stevens St. Roosevelt NY ( still available- issues with gaining access) 

Style : Ranch
Beds / Baths 3/1
Basement : Full not finished 

Lot size :  65×100
Garage: no
Taxes: 8600
School District: rosevelt
Occupancy: vacant
Will be delivered : vacant
Condition: needs complete reno 
Starting price: 139k
For Pics  and public data click here
Inspection Date: drive by for now Inspection date will be posted if needed 
About the Deal: Easy rehab . great COMPS IS AREA $270k ,291k and 319 k all similar square footage
129 fredrick $319(renovated )   73 Monroe ave $291k( renovated )   95 1/2 bennett ave 270k ( not renovated)

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Deal 5
44 Birch Lane Valley Stream  (((in contract )))

Style : Ranch
Beds / Baths 3br 1 bath 
Lot size :   55×110
Garage: converted to living space
Taxes: 7821
School District: valley stream #24
Occupancy: vacant
Will be delivered : vacant
Condition: horrible : needs full reno
Starting price: $210 k
For Pics  and public data click here
Inspection Date: Drive by for now: we will get a date if needed 
About the Deal: Easy rehab , good school district 

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Deal 6
604 post ave bellport   

Style : Ranch
Beds / Baths 3 /1
Lot size :  1161
Garage: converted
Taxes: 3522
School District: south country
Occupancy: currently occupied
Will be delivered : vacant
Condition: small update 
Starting price: 80k
For Pics  and public data click here
Inspection Date: drive by only click the above link for an engineers report 
About the Deal:

Great rehab flip or awesome rehab buy hold . Super low tax.

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Deal #7
Floral Park  ( address will be posted next week)( see december for address)
Not in village, right outside 

Dutch Colonial
Arv 649k ++
asking 399000
rehab 70k

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Deal 8

115-83 237th street Elmont  ( in contract)
or 11583 237th street Elmont 

Style : Cape
Beds / Baths 4 /1
Lot size :  4500
Garage: 1
Taxes: 6700
School District: Elmont
Occupancy: currently occupied
Will be delivered : vacant
Condition: Full Renovation 
Starting price: 240,000
Pictures and public data click here 
https://www.dropbox.com/sh/6pj8ao3d3elfa8z/AADPYDXLQg43vFaP7AISAbhba?dl=0
Inspection Date: TBD 
About the Deal: Full renovation 

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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) 240-4970 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. If we are assigning the file   a wire of $5,000 non-refundable EMD is due at time of signing of contract along with reimbursement of our down payment (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.

If we are selling via a regular contract a 10% down payment is needed.

When the $5,000 non-refundable EMD or 10% down payment 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

 

 

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