Two great deals in Indianapolis!

Is there a bank or stock that can give you over 13% return on your investment?

I just bought one for myself and I'm planning on 2 more...:-).

1. 10126 Catalina Drive, Indianapolis

4 bedrooms/1.5bath, 1200 sqf

Purchase price: $48,500 Assessed value: $66,700
Rent: $800 per month (just rented for 2 years!)

Estimated monthly expenses: $216 ( tax, insurance, and management)

Monthly cashflow: $588

ROI: 13.3%

4141 Mellis Dr., Indianapolis, IN

3 bedrooms/1.5 bath, 1140 sqf, fully remodeled!

Purchase price: $48,500 Assessed value: $67.600

Rent: $800

Estimated monthly expenses: $278

Monthly cashflow: $522

ROI: 11.8%

You can buy for 30% down if you qualify for a loan.

Feel free to contact me for additional information.

Naomi.

naomiesal@gmail.com

Why Indianapolis?

Some information about Indianapolis- a city I'm just learning about myself...

Indianapolis is best known for being the "Racing Capital of the World" with the Indy 500.

It is the 12th largest city in the Nation and the capital of Indiana.

The metro area has the highest job growth in the Midwest, with an influx of technology parks, bio tech and medical research. Some of the major employers are Eli Lilly, Purdue University, Indiana University, Rolls-Royce, FedEx, and SBC Indiana.
The city has gone through a dramatic revitalization and a renaissance that makes it a different place than it was just a decade ago. Indianapolis’ economy has transformed from one of primarily government and industry, to a much more diversified economy, contributing to the fields of education, health care, and finance. Tourism is also a vital part of the economy of Indianapolis, and the city plays host to numerous conventions and sporting events.

Some economic positive trends for Indianapolis:

Unemployment Below National Average (April 2011)
7.6% vs 9.2%
Job Growth (March 2011 vs. March 2010)
Non-farm payroll up 2.9%
Housing Affordability
93.5% of homes affordable to median income families
Median Income 7% Higher than National Average
Population Growth of Indianapolis MSA
Increased 15% 2010 over 2000. Nearly double the U.S. rate.

For additional information: http://en.wikipedia.org/wiki/Indianapolis

List of cashflowing properties in Indianapolis coming up! Stay tuned....

Naomi.

naomiesal@gmail.com

It's all about the numbers- that's why I'm buying in a NEW location!

Hello friends!

I've been very quiet for a while as Phoenix, my preferred investment location for the last 2 years became very frustrating to invest at. In the East Valley, where the hi-tech companies are located, there are multiple offers submitted for every property. I made full price, all cash offers on 4 houses for my own portfolio in the last month- and none was accepted. Very frustrating!

So I started searching and finally found IT!

I am buying an investment property, 3/2 in a good school district, fully rehabbed and look at those numbers!

Purchase price: $45,000

Assesed at: $ 54,000

Rent: $775 per month

ROI: 13% (You can't see this ROI on Phoenix any longer).

Local and professional property management is in place.

Would you like one of those too? ??

The property is located in a nice neighborhood of Indianapolis, IN and I'll be happy to help you get one of those gems for your investment portfolio too.

Sharing is caring...:-).

Contact me directly for additional information about Indianapolis and specific properties-this is so exciting!

An investors tour to Indianapolis is coming up end of February! Let me know if you are curious to see...

Yours,

Naomi.

naomiesal@gmail.com

It's all about the numbers!

If you are one of those investors that look at the numbers- this is a great deal!

Cash purchase only!

3 bedrooms/2bath in Florence, AZ

Built 2001

1284 sqft

Purchase Price is $45k

Fees are $5k

Rehab is $5500

Closing cost$892

Rent 750/month

Taxes-78.60

Property Management-60

Insurance- 40

Maintenance- 30

Est ROI- 11.5%

Reply fast- this will go immediately...!

http://en.wikipedia.org/wiki/Florence,_AZ

My favorites

Had a great time in Phoenix before Christmas and I would like to share with you what I learnt:

Prices in Phoenix keep rising, in the East Valley (Intel and most hi-tech) houses are sold with multiple offers, so the chances of getting a house from the MLS are smaller that they used to be...

Inventory is decreasing so if you are serious about investing- don't procrastinate!

My favorites for January:

1. 4bedrooms/2bath- 2290 sqf in Tolleson (popular suburb, close to Phoenix).

Built in 2005!

Seller's price: $99,900

Repairs: 8,500 (already completed)

Renting out: no additional fee.

Total purchase expense: $108,500*

Rent: $1050

Pics: http://gallery.me.com/refaelinvestments#102320&bgcolor=black&view=grid

This house is one of my favorites because of the spaciousness of the kitchen and living areas.

The master bedroom and bathroom are huge! Tenants will love it!

_________________________________________________________________

2. 3 bedrooms/2 baths, 1340sqf in Laveen, AZ (nice suburb West of Phoenix).

Built in 2005!

Seller's price: $84,500

Repairs: $ 5,500 (already completed)

Renting out: no additional fee

Total purchase expense: $90,000*

Rent: $ 900

The reason I like this house is because its beautifully remodeled and in a very nice community 10 minutes from downtown Phoenix.

__________________________________________________________________

3. 3 bedrooms/2 bath, 1532 sqf in Queen Creek (East Valley).

Built in 2004!

Sales price: $94,900*

Est. repairs: minimal

Rent: $ 850

I like Queen Creek and San Tan Valley because the communities are beautiful, prices reasonable and tenants very stable!

______________________________________________________________________

* Closing costs to title company need to be considered.

Feel free to contact me for additional information at: naomiesal@gmail.com

best cashflow- cute condo in Phoenix,AZ!

Treat yourself to a great end-of-2011 investment in Phoenix, AZ!

2bedroom/1 bath condo completely rehabbed and with tenant-in for $33,900 0nly!

Monthly rent: $650

Est. monthly cashflow: $460

Est. annual cashflow: $5500!

Cash purchase only.

Contact me TODAY to secure this property and start getting rent by

1/1/2012!

Happy Holidays!

Naomi

naomiesal@gmail.com

Finally- the media reports what we actually see in Phoenix

Up to now I had to explain why prices in Phoenix were going up while the media reported they are going down...It seems like it's a matter of timing and they just get to see the full picture after a while.

So- please enjoy this 2 VERY relevant updates about the real estate market that finally reflect that we see and make your decision accordingly.

"Homes Available for Sale ( Supply ) Shrink to Four-Year Lows "
The number of homes listed for sale in October reached its lowest level in more than four years, according to MLS data compiled by Realtor.com.
About 2.12 million homes were listed for sale nationwide last month, which is down by 3.5 percent from September. And at year-over-year levels, that number is down by 21 percent. Inventories are declining due to banks taking longer to process foreclosures and sellers taking their home off the market after seeing their properties linger or getting low-ball offers from buyers, according to Zelman & Associates. Source: “ Housing Inventories Fall to New Four-Year Low in October, ” The Wall Street Journal (Nov. 21, 2011)

"Industry shadows continue to shrink"-
That ominous shadow inventory of repossessed and soon-to-be repossessed homes is getting smaller.
Standard and Poor’s (S&P) has released its third-quarter shadow inventory update, which shows both the volume of distressed assets and the amount of time it’d take to liquidate these properties is contracting.
S&P says the volume of distressed residential mortgages included in its shadow inventory estimate remained “extremely high” at $384 billion in the third quarter, but it has declined in each quarter since mid-2010. S&P’s third-quarter evaluation is down from $405 billion at the end of the previous quarter.
“We believe this points to a continued drop in the amount of time it will take to clear this ‘shadow inventory’ over the next year assuming national liquidation rates do not decline abruptly,” the analysts at S&P said in their report.
Regional default and liquidation rates varied widely in the third quarter of 2011, but overall improvements prompted S&P to lower its projection of the number of months to clear the supply of distressed homes on the market and coming down the pipeline.
The agency now estimates that it will take 45 months to work through the national shadow inventory. This assessment is seven months below S&P’s peak estimate of 52 months in March 2011, but is three months longer than the agency’s estimate a year ago.
S&P calculates shadow inventory as the number of properties for which borrowers are 90 days or more delinquent on their mortgage payments, properties in foreclosure, and properties that are REO. (Dsnews.com, Nov. 21st, 2011).

So do not procastinate if you are considering investing in real estate, as inventory shrinks, prices go up!

Our next tour to Phoenix, AZ: December 17th- 18th.

New houses coming up soon- follow this blog for more...

Naomi.
naomiesal@gmail.com