5494 South Main Street, Akron

Transcription

1 SOUTH MAIN STREET SOLD! July 2013 Josh Cantwell Founder and CEO of Millennium Capital Investments & Sharp Concepts Realty 12% Returns or Better on Your Investments! Call Josh TODAY if you re thinking about buying or selling a house or you want to explore how to get 12% returns or better on your Retirement, Investment, CD, or Brokerage funds South Main Street, Akron 5494 South Main Street is a 3 bed/2bath ranch which recently sold for $113,000. At closing, we expect to net a total profit of $27,000 after $3,000 in seller concessions to the buyer, $3,200 in commissions to the buyer s agent, and minus closing costs. The ranch sits on a huge, private lot across from a lake and boat dock. The rehab included gutting the kitchen and updating it with stainless steel appliances, ceramic tile flooring, a tile backsplash and new countertops. We installed new carpet in the rooms, replaced the windows and doors. The property now has a new roof, new garage doors, a finished basement, updated plumbing and electrical. Rehab Costs Bathrooms HVAC Windows Flooring Kitchen Paint Building Supplies Labor PURCHASE PRICE $52,000 RENOVATIONS $22,000 SOLD $113,000 PROFIT $27,000

2 3954 Homestead Road, Ravenna This Homestead Road property is a large, 4 bedroom/2 bath ranch on huge private lot. We purchased it for $41,500 and put $37,000 into it for renovations. This house needed a lot of work so we completely gutted it. The front of the house has a newly renovated large deck. There are 2 decks overlooking the back yard. These decks have been completely redone. The kitchen has been updated with new ceramic tile flooring, countertops, all new appliances and a custom, tile backsplash. Both of the bathrooms were gutted. New flooring, windows, vanities, hardware and lighting were added. Additionally we put a new roof on, replaced the windows and siding and installed new garage doors. Purchase Price $41,500 Renovations $37,000 Total Investment $78,500 For Sale $144,900 GROSS PROFIT $61,400

3 1297 Steve Drive, Akron This Steve Drive property is a bank foreclosure. It will be renovated and ready to sell at a property launch scheduled for July 28 th. Purchased for $50,500 Renovation budget was $33,000 Investment $83,500 Private Money $90,000 Property Launch $149,000 (July 28 th launch) Net Profit Goal $40,000 Funded by private lender via Self Directed IRA 6415 Miller Road, Brecksville This 3 bedroom / 1 bath house is our most recent purchase. It sits on over 1 acre of beautiful land. Check back for updates on our progress! I ll be keeping you updated on our rehab progress through online videos and in future issues of this newsletter.

4 Recently, we partnered with Gary Elsmore, President of iplangroup for our $40k Flips program. Gary brings a wealth of knowledge about Self Directed IRA s. iplangroup is an independent Self Directed IRA administrator that processes the investment transactions you direct on behalf of your retirement account. iplangroup was founded on the belief that anyone, given the right tools can take control of their retirement and truly diversify their portfolio into other asset classes. This allows each investor to better position themselves against inflation and higher taxes. iplangroup is where Self Directed investors prosper by accelerating the Tax Deferred or Tax Free growth of their retirement assets. An IRA is an Individual Retirement Arrangement, more commonly known as an Individual Retirement Account, which allows individuals to put aside money for retirement. To encourage savings, there are many tax benefits associated with these retirement accounts. The term "self directed" simply means that you, as the individual account owner, have complete control over selecting and directing your individual retirement account investments. A self directed account will give you access to nontraditional assets, such as real estate, notes, limited partnerships, commercial paper, and many other alternative investments. With a Self Directed IRA, you can invest in a wide range of real estate and related assets. Your Self Directed IRA allows you to invest in things like rental properties, commercial buildings as well as international properties and mobile home parks. If you are ready to start making your money work for you, iplangroup is here to help. Explore the benefits of investing in Real Estate with your Self Directed IRA from iplangroup: Residential Commercial Bank Owned/Distressed Properties Improved or Unimproved Land Multi Family Properties Short Sale Properties International Properties For even more ways to invest in real estate and tons of other non traditional assets, schedule your free 30 Minute IRA Strategy Session with iplangroup today. iplangroup Clemens Rd. Ste 3 Westlake, OH info@iplangroup.com

5 - Follow Us Online - STRATEGIC REAL ESTATE COACH main blog: TOP REAL ESTATE INVESTOR blog: SREC FACEBOOK FAN PAGE: STRATEGIC REAL ESTATE COACH YouTube: JOSH CANTWELL Facebook Fan Page: JOSH CANTWELL Twitter: JOSH CANTWELL LinkedIn: SHARP CONCEPTS REALTY: Visit the itunes App Store and download the STRATEGIC REAL ESTATE COACH APP SREC PODCAST at itunes.apple.com/us/podcast/strategic-real-estate-ch/id ?mt=2 Millennium Capital Investments P.O. Box Middleburg Heights, OH Ph: Fax: jcantwell@srecnow.com P.O. Box Middleburg Hts., OH 44130