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South Florida Investors, Issue 06-12-07
June 12, 2007
South Florida Real Estate Investors


Palm Beach, Miami Dade and Broward Wholesale Properties / 06-12-2007

1009 S 15th St
Fort Pierce, FL 34950

3/1 Frame Construction
1100 Sq. Ft.

Wholesale Properties Cost $82,000
Rehab Estimate $10,000
After Rehab Value $150,000

3/1 Frame larger than tax records with two porches and a storage sheed. This Fort Pierce Wholesale Property has lots of curb appeal and is well landscaped. 70% rehabbed with new roof and some new windows.
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2007 S 10th St.
Fort Pierce, FL 34950

3/2 Frame Construction
1344 Sq. Ft.

Wholesale Properties Cost $95,000
Rehab Estimate $10,000
After Rehab Value $140,000

3/2 Frame SFR in Sunrise Estates. Owner is a cat lover!!!. Exterior in good shape. Interior in need of carpet and tile, kitchen update plus appliances, and bathroom touch ups.

DRIVE BY ONLY!!!!! CALL FOR APPOINTMENT!
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1541 W 9th St
West Palm Beach, FL 33404

*Single Family*
3/1 Block Construction
886 Sq. Ft.

Wholesale Properties Cost $110,000
Rehab Estimate $8,000
After Rehab Value $150,00

Equity Spread After Rehab $37,000

Nice 3/2 CBS house in Riviera Beach. This Palm Beach Wholesale Properties needs minor repairs throughout and will be vacant at closing. Located South of Blue Heron between Australian and Congress.
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4302 Greenwood Ave.
West Palm Beach 33407

*Quadraplex*
4/4 Block Construction
1646 Sq. Ft.

Wholesale Properties Cost $223,000
Rehab Estimate $20,000
After Rehab Value $300,000

Quadraplex on large lot in a great rental area. This Palm Beach Wholesale Property in need of interior cosmetic work. Tile, kitchen and bath updates, reshingle roof and central a/c. Quad consists of 4 1/1's. This unit will cash flow!
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634 55th Street,
West Palm Beach 33407

*SINGLE FAMILY*
2/1 Spanish style Frame House with Stucco
960 Sq. Feet

Wholesale Properties Cost $115,000
Rehab Estimate $5,000
After Rehab Value $165,000

This Palm Beach Wholesale Property needs very little work. Just a little updating and painting. Located West of Broadway off 55th

Located West of Broadway just north of 45th St.
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3618 Spruce Ave.
West Palm Beach. 33407

*MULTI FAMILY*
Located in historic Northwood

6/4 Multi family 3396 sq. ft.
Frame/Stucco Construction

Wholesale Properties Cost $380,000
Rehab Estimate $150,000
After rehab Value $750,000

EQUITY SPREAD $220,000

Spanish style 4/2 main house with detached two story "in law" unit or possible two 1/1 units. Property gutted and needs complete rehab. We have a structural report and bids of contracters for complete rehab.

Located East of Broadway in very nice area.
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1640 39th Street,
West Palm Beach 33407

*SINGLE FAMILY*
3/2 Block Construction
2554 Sq. Feet

Wholesale Properties Cost $455,000
Rehab Estimate $20,000
After Rehab Value $600,000

Equity Spread $125,000

This Palm Beach wholesale Property needs very little work. Located on the North shore of Lake Mangonia. Hard property to comp. Has a new roof and a seawall being installed. MUST SEE!!!!!!!!!!!!!!

DRIVE BY ONLY!!!!!!!! CALL FOR INSPECTION!!!!!
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2320 NW 2nd St. Boynton Beach, FL 33435 *Single Family* 3/1
Block Construction
968 Sq. Ft.

Wholesale Properties Cost $140,000
Rehab Estimate $10,000
After Rehab Value $190,00

3/1 CBS house in Boynton Beach off Gateway Blvd. Rented by Section 8 Tenants for $1150/month until October. House needs minor touch ups.
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365 NW 35th St.
Boca Raton, FL 33431

*Single Family*
4/2 Block Construction with POOL
2159 SQ FT

Wholesale Properties Cost $330,000
Rehab Estimate $15,000
After Rehab Value $465,000

Very clean family oriented neighborhood just East of FAU. Sits on large lot with pool, jacuzzi and large deck surrounding. Inside updated with wood floors, tile, remodeled kitchen and baths.

Drive by only! Call for access!
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4959 SW 5th Ct.
Margate, Florida 33068

*Single Family* 4/2
Block Construction w/ a pool
1684 Sq. Ft.

Wholesale Properties Cost $235,000
Rehab Estimate $15,000
After Rehab Value $315,000

Property needs a new roof and some cosmetic repairs throughout. One of very few properties with a pool in the neighborhood.
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1416 NW 9th Ave.
Fort Lauderdale, FL 33311

Fort Lauderdale Wholesale Properties

3/2 Block Construction
965 Sq. Ft.

Wholesale Properties Cost $265,000
Rehab Estimate $3,000
After Rehab Value $325,000

Bank Foreclosure in Fort Lauderdale (Progresso). Very Clean 3/1 with laundry room which could easily be converted into a second bath. Ceramic tile flooring and a clean kitchen. Has barrel tile roof which could be cleaned and painted to make house look like new!

Conventional Loans OK for THIS property!
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3430 NW 95th ST.
Miami, FL 33147

3/1 Block Construction
1052 Sq. Ft

Wholesale Properties Cost $143,000
Rehab Estimate $40,000
After Rehab Value $250,000

Fire Damaged property. Interior needs everything. Exterior in good condition. Located in a great neighborhhod!
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6208 SW 59th Pl.
Miami, Florida 33143

*Miami Wholesale Properties*

4/2 Block Construction Duplex
1387 Sq. Ft

Wholesale Properties Cost $265,000
Rehab Estimate $12,000
After Rehab Value $325,000

Nice Wholesale Duplex located next to University of Miami, both are 2/1's. Will rent Sec 8 for $1100/mo or can rent to students for more. Basic updating needed.
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1847 NW 70th St.
Miami, FL 33147

3/1 Frame Construction
1392 Sq. Ft.

Wholesale Properties Cost $105,000
Rehab Estimate $30,000
After Rehab Value $185,000+

Large 3/1 Frame in Liberty City. One of the larger homes in the immediate are. Property in need of complete rehab. Kitchen and Baths, carpet and tile, drywall work and roofing.
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38 NE 50th St.
Miami, FL 33137

4/3 Block Construction
2100 Sq. Ft.

Miami Wholesale Properties

Wholesale Properties Cost $210,000
Rehab Estimate $60,000
After Rehab Value $390,000

4/3 CBS shell. Property much larger than tax rolls. Needs flooring, plumbing, electrical, paint, kitchen and baths.
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17821 SW 103rd Ave.
Miami, Fl 33157

3/1 Block Construction
1371 Sq. Ft.

Wholesale Properties Cost $102,000
Rehab Estimate $30,000
After Rehab Value $190,00

Large House...big enough to make it a 3/2 or 4/2. Needs quite a bit of work but price is 50 cents on the dollar. Neighborhood is filled with brand new houses selling in the mid $200,000.
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All these wholesale properties MUST be bought with CASH or a Hard Money loan. Hard Money loans are used for "quick sale" real estate because conventional lenders will NOT loan on distressed properties, assignments of contracts or houses that don't meet FHA standards. Distressed or investment properties carry to much risk for conventional lenders. Once investment property is rehabbed you can refinance, with no penalty into your own conventional loan.

If you are interested in our Hard Money loan program to finance the rehab of your property please request pre approval forms to speed up the process.

First down payment of $5000.00 gets the property. If your serious bring the check to your inspection.

Contracts not contingent on financing and are NOT assignable.


4621 NW 84 Avenue
Laudehill, FL 33351

Single family house with a pool, very large back yard, on a canal, 3+2+1, gross area app. 1,500 sq.ft., living area app.1,300 sq.ft.(back half garage was converted into a bedroom and a storage room). Brand new fences around the property and the pool. Regular rehab needed, including reparing the roof.

Wholesale Properties Price: $ 235,000, or 180.8 $/sq.ft.

Comps (3/2, with pools, but not on the canal):
1. 8720 NW 48th Street, sold 3/22/07 for $308,400, or 242.8 $/sq.ft.
2. 8431 NW 44th Court, sold 2/8/07 for $300,000, or 252.3 $/sq.ft.


8442 Dynasty Drive,
Boca Raton, FL 33433

Beautiful, well-kept single family house, 2+2+1, gross area 1,545 sq.ft., living area 1,100 sq.ft.
Only cosmetic repairs and updates needed. It is a CBS house. Do note that most most comps in the area are of frame houses.

Wholesale Properties Price: $ 219,900, $199.9 /sq.ft.
Comps:
1. 23117 Old Inlet bridge Drive, sold 4/26/07, $355,000, 2+2, 1,120 sq.ft. , $316.96/sq.ft.
2. 8371 Garden Gate Place, wood frame, sold 4/26/07, $275,000, 2+2, 1,233 sq.ft., $223/sq.ft.
3. 8338 Dynasty Drive, wood frame, sold 3/1/06, $315,000, 3+2, 1,230 sq.ft., $256.1/sq.ft.


Miami Wholesale Property for Sale:
3113 NW 21st Ct
Miami, FL 33142

This Wholesale Property needs complete rehab. Lot size is 5700sqft
The frame work and plumbing is in place, but nothing else. Needs all new drywall. Can also knock down and rebuild. No open permits, and clean with city (as per Owner)

Wholesale Price: $140K
Estimated ARV: $240K

Call Frank for more information (954-822-0796)
Property is Vacant.

Terms: No Inspection, there is nothing to inspect other than exterior structure and Red Pine roof framework. 5K in non-refundable deposit, Cash or Hard Money.
Miami Wholesale PropertiesMiami Wholesale PropertiesMiami Wholesale PropertiesMiami Wholesale Properties

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