Package Properties

[Thirdcoastinvestments.net]

Third Coast has been bombarded with emails and phone calls in response to our package properties program in Houston.

In case you haven't heard :

* Third Coast is selling fully rehabbed investment properties at 90% of A.R.V. or no less than 200.00 a month return from rent.
* We can package these deals in a single family, or multi-single family homes (1-10).
* This allows the true investor to buy properties that are already cash flowing day 1, with no money down.
* We will not only arrange for the deal to be put together we can also manage the properties for you, or collect the money yourself.

Don't wait five years to retire when you can do it in five months.
Third Coast has helped newbies and seasoned investors turbo charge the drive to investment success what can we do for you?

Third Coast really is "The Solution to Real Estate Investing"

* wholesales
* hard money broker
* property management
* property analysis
* rehab / restoration
* project management
* cash flow analysis

Call or email us today to get more info on this and any other program Third Coast offers.

[Aldo]

Are you saying that you have SFH's that will show $200/mo positive cash flow? Unless those properties are in a war zone, I just don't see that happening. At current prices, $200/mo is unlikely in a four-family property. Then we must consider the ongoing price correction. Even at 90%, I can see investors being upside down less than one year from now.

[Thirdcoastinvestments.net]

Well actually the properties are already leased w/ a postive cash flow of 200 a month prior to sale. (pre-leased if you will)

[Debbie]

Well actually the properties are already leased w/ a postive cash flow of 200 a month prior to sale. (pre-leased if you will)

I'm not clear on this----are all leased properties combined is showing a positive cash flow of $200/month?

OR

Each of these leased properties are showing multiples of $200/mo positive cash flow?

[Aldo]

.....cash flow of 200 a month prior to sale.....
Okay, that's cool. What's the cash flow after the sale?

[Thirdcoastinvestments.net]

The short version is that I am an investor who just has to many deals w/out whole selling some of them. But with so many "whole sellers" bending numbers and totals and ANYTHING they can do to inflate the "cash flow", I was tired of business partners of mine getting screwed. So they partner with us, we find the deal, we tie it up, we do the due diligence, we come up with a project report, we present the different options, i.e. flip, rent, retail, etc. to the investor. Then we facilitate whatever the project needs to have the end result that we planned out in advance of purchase. We make money when we buy units not when we sell them.
We can get the financing arranged, then get the unit repaired, and finally rented or sold what ever that project plan calls for.
We mostly work with out of state investors or ones with no time to do all that needs to be done in real estate investments to be VERY successful.

We maximize the rental return with the smallest amount of equity left in the project possible. When the investor makes there payment at the end of every month and collects rent they will have no less than 200 cash flow after the sale.
There is no mystery as to how we do this we just buy the deal so that we can.

[InvestorJoe]

Perhaps you could post the "whole story" on one of your offerings like...

1) zip code
2) property details square footage, number of beds/baths, garage/carport/off street parking, etc.
3) expected purchase price
4) current lease details like term, starting date, payment, current deposits held, is there a management company involved, etc
5) financing offered - interest rate, term, escrow requirements, balloon payments, etc.

In other words, the whole ball of wax. That way the deal could be evaluated to confirm your projections.

[Thirdcoastinvestments.net]

No problem

1) We are talking about properties in the Houston TX and surrounding areas, and Gulfport MS and its surrounding areas which encompasses almost 50 zip codes.
example: 77511
2) We offer single family, multifamily, and commercial the 200 a month was on a typical 1300-1900 sq.ft. single family. Duplex's get 150 a unit typically and 4 units plus get 100 a door. (we offer 15-25 deals a month)
example: 3-2-2 1350 sq.ft. no carport, driveway parking for 4 cars, complete rehab, new tile in entry, kitchen floor, bathroom floors, new tile tub surround, new plumbing/electrical fixtures, new entry doors, ceiling fans in beds and living, new carpet, new two tone paint, marble counter tops/back splash, nicely landscaped, six panel doors w/ new hardware throughout, new appliances, storm windows, etc.
3) Our prices range from 50k-3m but we will not sell for over 90% of A.R.V.
example:106,000 A.R.V. Asking 94k
4) The leases range in all aspects depending on location and unit type and all have a management contract standard 5%.
example:1yr, Oct. 1, 2006, $1,125.00 (there is an additional 100 per month towards the washer and dryer on a separate agreement.) There is a 2k deposit, w/ no pets. There is a management company involved and there rate is the standard 5%.
5) We offer no sort of financing for long term. We do have contacts that will finance long term 90% no out of pocket. Or 100% for construction loans.

I hope this is indeed the whole ball, if not please feel free to ask more questions or I will be back in my office on Monday Sept 11, 2006 <(God bless America) and we can talk on the phone.

[InvestorJoe]

No problem

1) We are talking about properties in the Houston TX and surrounding areas, and Gulfport MS and its surrounding areas which encompasses almost 50 zip codes.
example: 77511
2) We offer single family, multifamily, and commercial the 200 a month was on a typical 1300-1900 sq.ft. single family. Duplex's get 150 a unit typically and 4 units plus get 100 a door. (we offer 15-25 deals a month)
example: 3-2-2 1350 sq.ft. no carport, driveway parking for 4 cars, complete rehab, new tile in entry, kitchen floor, bathroom floors, new tile tub surround, new plumbing/electrical fixtures, new entry doors, ceiling fans in beds and living, new carpet, new two tone paint, marble counter tops/back splash, nicely landscaped, six panel doors w/ new hardware throughout, new appliances, storm windows, etc.
3) Our prices range from 50k-3m but we will not sell for over 90% of A.R.V.
example:106,000 A.R.V. Asking 94k
4) The leases range in all aspects depending on location and unit type and all have a management contract standard 5%.
example:1yr, Oct. 1, 2006, $1,125.00 (there is an additional 100 per month towards the washer and dryer on a separate agreement.) There is a 2k deposit, w/ no pets. There is a management company involved and there rate is the standard 5%.
5) We offer no sort of financing for long term. We do have contacts that will finance long term 90% no out of pocket. Or 100% for construction loans.

I hope this is indeed the whole ball, if not please feel free to ask more questions or I will be back in my office on Monday Sept 11, 2006 <(God bless America) and we can talk on the phone.

Using your example numbers...

Asking 94K
5% Management fee (Is there any other fee, like when a new tenant leases or a lease renews?)
1125 per month rent

Then taking the normal property tax and insurance rates for Houston I don't understand how you get to the $200 per month cash flow.

Perhaps you could run the numbers for us and show exactly how you determined that a property that fits the example you gave will cash flow $200 per month.

[Aldo]

......there rate is the standard 5%.
Perhaps you can tell us what services you receive from your property management firm(s) which charge half of the national average for minimal property management services.

[Thirdcoastinvestments.net]

They provide the standard management duties, but my numbers were wrong they do charge 10% I am truly sorry for the misleading text.

[Thirdcoastinvestments.net]

I am working on a deal to turn a 1.2m apartment complex, in Galveston TX, into a 6.4m dollar deal in under 18months. (condo conversion)
I have 3 other BIG $$$$ makers so if your big dog, drop me a line to be part of my next trick.
office@thirdcoastinvestments.net

[Randy (SELA)]

Where can one get a listing of properties that are for sale?