January & February Off Market Deals

We had a banner year in 2016. Almost ( but not quit) doubled our revenues from 2015.
In 2017 we will NOT  focus on  expanding acquisitions and  will stay at a moderate 15%
growth rate, instead we will be focusing on operational efficiencies that will enable us to expand
in 2018 to 150 to 180 deals.  We are also hiring. Looking for a personal assistant, a realtor assistant,
an assistant to the project manager, and an office assistant. Interested ? Email me at balvaro@maxreturnsrei.com

Speak to ya Soon>
Billy

Take a look(video ) and read the Buying Instructions( bottom of blog)

Deal # 1

1132 William Floyde Parkway Shirley ( sold )

Style : Expanded CApe with an extension
Beds / Baths  4br 2 bath
Basement: full OSE unfinished
Lot size : .74 acre
Garage:  
Taxes: $4625
School District: william floyde
Occupancy: Vacant
Will be delivered : vacant
Condition: needs full renovation
Starting price:   99k 
For pics and public data click here
Inspection Date: INSPECTION DATE Tuesday Feb 28th 12PM -1PM
About the Deal: House needs a complete gut. Vacant. Comps in area ON William Floyd are strong coming in at $277k

 

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Deal #2
58 Bershire Farmingville ( sold) 
Style :Ranch
Beds / Baths she knocked out a wall currently a 2/1 should be a 3/1
Basement: yes full
Lot size : .51
Garage:  yes attached 
Taxes: 5700
School District: sachem
Occupancy: Occupied
Will be delivered :will be delivered vacant
Condition: needs full reno
Starting price:  $129,000
For pics and public data click here <no pics yet>
Inspection Date: She is not moving until on or about march 10th
About the Deal: large property needs full reno, need to reframe 3rd bedroom

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Deal 3
1665 johnson ave elmont ( sold )

Style : Vacant land
Beds / Baths land
Basement: land
Lot size : 50 x 100
Garage:  
Taxes: 9200
School District: elmont
Occupancy: land
Will be delivered :
Condition:
Starting price:   $155,000 
For pics and public data click here
Inspection Date:
About the Deal: House was recently knocked down by town.

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Deal 4|
1 locust ave Coram  (sold) 

Style : LArge colonial
Beds / Baths 4 3
Basement: NONE slab
Lot size : .40
Garage:   2 car attached 
Taxes: 9249
School District: MIDDLE COUNTY 
Occupancy: Occupied
Will be delivered :will be delivered vacant
Condition: needs updating not horrible but needs updating
Starting price:  $210
For pics and public data click here
Inspection Date: MONDAY FEBRUARY 27 12 NOON T0 1PM 
About the Deal: currently occupied, house has 2 illegal apartments in it. need to convert it back to single family. Has upgraded new electric and burner( 7 years old)  will be ready to close mid April , grandfather is getting his grandson and daughter out of the house

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Deal 5

19 spruce-wood drive levittown  ( sold) 

Style : Cape
Beds / Baths 4/2
Basement: NONE
Lot size : 60x 100
Garage: yes attached
Taxes: 11,143
School District: levittown
Occupancy: occupied
Will be delivered : vacant
Condition: needs full update
Starting price: $225,000
For pics and public data click here
Inspection Date: TBT
About the Deal: Guy will be in the house till march 12th vacant at that time.We currently own the house

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Deal 6

9 west haven dr east northport

Style : ranch
Beds / Baths 3/2
Basement: full finished
Lot size : 7841
Garage: 1 car attached
Taxes: 8307
School District: elwood
Occupancy: tenant occ
Will be delivered : will be delivered vacant
Condition: MINT
Starting price: $275
For pics and public data click here
Inspection Date: TBD
About the Deal: nice house great area. Just needs minor updating all mechanical in great order as is rood siding windows

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Deal #7

585 s long beach road freeport : sold

DOES NOT HAVE TO BE LIFTED
Style : Cape expanded
Beds / Baths 4/1
Basement: NONE
Lot size : 60X115
Garage: 2.5 DETACHED
Taxes: 7100
School District: FREEPORT
Occupancy: CURRENTLY OCCUPIED
Will be delivered : VACANT
Condition: need full first floor  est 50k total
Starting price: 190k
For pics and public data click here 
Inspection Date: Sunday Feb 19th at 12 noon till 1pm
About the Deal: sandy damage. NO damage report on file. NO issues with lifting. The home was vetted. 2013 vakue

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Deal 8

55 Kale rd Rockypoint (  SOLD ) 

Style : Small Ranch
Beds / Baths  2/1
Basement: no finished
Lot size :  40×100
Garage: no
Taxes: 3977
School District:  rocky point
Occupancy: vacant
Will be delivered : vacant
Condition: needs full reno
Starting price: 91500
For pics and public data click here
Inspection Date: Saturday Feb 18 11am -12:30
About the Deal: deal is an approved short . we will close and resell closing feb 28th

 

 

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Deal 9

43 Norfolk dr west, elmont  ( SOLD) 

Style :Expanded Cape
Beds / Baths  4/2
Basement: full
Lot size :  56×100
Garage: yes
Taxes: 6561
School District:  Elmont
Occupancy: vacant
Will be delivered : vacant
Condition: needs full reno
Starting price: $239,000
For pics and public data click here
Inspection Date: TBD
About the Deal: Brick cape in area where vales are between 430-450k Needs complete update

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Deal 10

81 wellington St Hemstead NY  (sold)

Style :  Colonial
Beds / Baths 4/2
Basement: full finished
Lot size : 6100
Garage: detached 1car
Taxes:  8500
School District: hemstead
Occupancy: currently occupied
Will be delivered : vacant
Condition: really good
Starting price: 202k
For pics and public data click here
Inspection Date: Thursday February 23rd from 2pm -3pm 
About the Deal: House is in great shape. newer roof siding boiler. Hardwood floors. Needs minor updates max 25k

 

Deal 11

 

Style :  contemporary
Beds / Baths  5br 3 1/2
Basement: full
Square foot of house -4286
Lot size : 1.16 ac
Garage: 3 c ar
Taxes:  35k
School District: port Washington
Occupancy: vacant
Will be delivered : vacant
Condition:  builder ran out of money 10 years ago- see pics
Starting price:  $1.2 m
For pics and public data click here
Inspection Date: 
About the Deal:  Builder ran out of cash.  You can either continue with the rehab or know this house down and star from scratch. House is an approved short- ready to go.

 

Deal 12

153 Robinwood Dr  Shirley

Style : contemporary
Beds / Baths 3/2
Basement: full finished ose
Square foot of house – 16
Lot size : 11761
Garage: no
Taxes: 7823
School District: william floyde
Occupancy: Vacant
Will be delivered : Vacant
Condition: dated
Starting price: $146,000
SF 1664
For pics and public data click here
Inspection Date: cancelled till further notice 
About the Deal: Needs updating. all cash . Must close in March Great flip or  great rental

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Deal 13

169 Noel Dr   Centereach SOLD

Style :  Cape
Beds / Baths 4/1
Basement: Full
Square foot of house –  1188
Lot size : 14375
Garage: no
Taxes: 6677
School District: middle county
Occupancy: tenant
Will be delivered : with tenant
Condition: needs everything
Starting price: 142500
For pics and public data click here
Inspection Date: TBD
About the Deal:Full gut needs everything

Deal 14

West Islip coming soon

Style :
Beds / Baths
Basement:
Square foot of house –
Lot size :
Garage:
Taxes:
School District:
Occupancy:
Will be delivered :
Condition:
Starting price:
For pics and public data click here
Inspection Date: TBD
About the Deal:

Deal 15

Deer Park coming soon

Style :
Beds / Baths
Basement:
Square foot of house –
Lot size :
Garage:
Taxes:
School District:
Occupancy:
Will be delivered :
Condition:
Starting price:
For pics and public data click here
Inspection Date: TBD
About the Deal:

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Deal 16

1263 HEMPSTEAD AVE SOUTH HEMSTEAD NY 11550

 still available as of 3/21/17

Style : OLD STYLE COLONIAL
Beds / Baths  7br- 3.5 baths
Basement:  full
Square foot of house – 3136
Lot size : 106×109
Garage: 2 car detached
Taxes: 12675
School District: ROCKVILLE CENTRE 
Occupancy: occupied
Will be delivered : vacant
Condition: needs full renovation
Starting price:$332k
For pics and public data click here
Inspection Date: Monday March 6th 130pm to 230 pm 
About the Deal: Killer house in Rockville Centre Schools. Needs full update

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Deal 17

102-34 220th St Queens Village 11427 ( sold ) 

READ THE BELOW Style : Brick attached colonial
Beds / Baths 3/2
Basement: Full
zoning r3-2
Square foot of house – 1496 2 floors
Lot size : 16×76
Garage: 1 car
Taxes: 3648
School District:
Occupancy: occupied
Will be delivered : vacant
Condition: good needs updating
Starting price: $305
For pics and public data click here
Inspection Date:Monday March 6th from 11-12 
About the Deal: simple rehab . Update interior

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Deal 18

395 bainbridge street Brooklyn ( Bedstuy)  NY

Style : Brownstone 2 story 2 family
Beds / Baths 5/3
Basement: yes
Square foot of house – 2289
Lot size :
Garage:no
Taxes:3258
School District: 16
Occupancy: occupied tenant
Will be delivered : occupied- 3 members are family member , 1 already found a place to live the other 2 are working on it. Upstairs there is a tenant 42 yrs old 2 adult kids paying 1200 on time each month  ..
Condition: good needs updating
Starting price: $855,000
For pics and public data click here
Inspection Date: Wednesday March 22nd 2pm -3pm 
About the Deal: tenant occupied comes with tenants > Comps are super strong in area

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Deal 19

607 PINTO STREET BABYLON (((sold )))

Style : HIGH RANCH
Beds / Baths 4 1.5
Basement:
Square foot of house -1597
Lot size : 60X95
Garage: 1 CAR
Taxes: 2802
School District:  N BABYLON
Occupancy: OCCUPIED
Will be delivered : VACANT
Condition:NEEDS UPDATING
Starting price: $ 249000
For pics and public data click here
Inspection Date: tuesday March 7 at 11am -12
About the Deal: EASY REHAB – has hardwood. Needs kitchen baths trim paint few windows roofing siding

 

Deal 20
HUGE PRICE REDUCTION

106 Midwood Street, Prospect Lefferts Gardens Historic District, Brooklyn NY (1 Block in from Park!)

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Style: 3-story Federal-Style Colonial  
Beds / Baths 4/3

Basement: yes
Square foot of house -2410
Lot size : (2) lots both 20×100 – combined 40×100
Garage: yes detached
Taxes:7000
School District: 17
Occupancy: SQUATTERS
Will be delivered : WITH TENANTS
Condition:
Starting price: $1,550,000  $1,385,000 ( next door house sold for $2,250,000 two years ago- see link below for comp) 
For pics and public data click here
Inspection Date: No access
About the Deal:House is in a trendy neighborhood on The most desired tree lined street one block in from prospect park. HUGE UPSIDE POTENTIAL Time of essence , $135k down payment 20 day time of essence close date no exceptions . House is  a HOT area of brooklyn

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Deal 21

116 casper st Valley Stream  SOLD

Style : c ape
Beds / Baths 3 /1
Basement: full
Square foot of house -1082
Lot size : 40×100
Garage: na
Taxes: 4913
School District: valley stream 30
Occupancy: vacant
Will be delivered : vacant
Condition: Good – needs updating
Starting price: $259k
For pics and public data click here
Inspection Date: TBD
About the Deal: easy rehab. Low cost rehab. Roof siding Windows a ll good. Update interior and possibly dormer rear.

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Deal 22
15 Faulkner ave N Babylon NY (sold ) 

Style : Ranch
Beds / Baths 3/1
Basement: full
Square foot of house -1211
Lot size : 70×100
Garage: converted
Taxes: 6612
School District:N babylon
Occupancy:  Vacant
Will be delivered : Vacant
Condition: Good
Starting price: 210k
For pics and public data click here
Inspection Date: wednesday  march 15th 4pm
About the Deal: Easy rehab over all house is in good condition . needs updating

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