Large Portfolio of Rentals - The MORE You Buy, The MORE You Save

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Mike McLean

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Jan 19, 2007, 2:39:59 PM1/19/07
to Commercial-Real-...@googlegroups.com
 (To be added to our Investors List - respond back with your name and number)
(Please email back any properties in your current inventory you would like to sell)

 
Large Portfolio of Genesee County Michigan Rentals
Total Portfolio 225 properties – Value approximately 13.7 Million
 
Properties are available in the following groups:
 
Number of Properties in Group      20                     50                    100                   225
Value* (in millions)                          $1.215              $3.037             $6.075             $13.669
# Currently Rented                          16                     42                    86                    186
Est of Monthly Rental Income*      $6,992              $18,354           $37,582           $85,686
Purchase Price LTV                         65                     62                    59                    56
Avg. Price per Home*                      $39,490            $37,665           $35,845           $34,021            
Price*                                                $789,800          $1,883,300      $3,584,500      $7,654,800
 
*values based on average of total available portfolio.  Your group will be approximately the values shown above.
 
Proof of Funds and a Letter of Intent are necessary to get further detail on these rental properties. 
Please (scan and) email or fax to me at (248) 275-5503.
 
  We have so many deals available Nationwide - YOU WOULDN'T BELIEVE IT!
WANT LIST
        -- I have people looking for portfolios with 50 or more properties in MI, FL, CA, CO and TX.  Many other states are needed too.
        -- I am looking for a portfolio for Dallas / Fort Worth.
        -- I need one property that will appraise for no more than $1.3 Million.  The buyer would like be able to take $500,000 out at closing.  I would need detailed information about the property.  Pictures would be very helpful, and appraisal would be most helpful.  The property can be in need of repairs, but they can't be excessive and there must still be $500,000 left to put in the buyer's pocket.  I would rather it be in move-in condition.
            -- I also need a property valued under $1 Million and the buyer needs to be able to take at least $100,000 out at closing.  It can need repairs, but I would rather it be in move-in condition.  Again, pictures will be helpful and an appraisal would be desired.
            -- Hospital needed anywhere in the U.S.  I prefer a hospital that is currently operational, and one that has a good LTV.  I will also look at clinics, nursing homes, etc.
-- If it is a deal of some kind, send it on!  We can move it...
Mike....@SolutionAllies.com

Let us work for you.  Put us on your team and let us help you with your investment needs.
Mike McLean
Fireside Investments
"Your Real Estate Solution Allies"


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