SPECIFIC BUYING CRITERIA ON BACK OF THIS FLYER
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WHAT WE DO: Buy and Hold Fix and Flip The 20/2 Program Syndications Hard Money Loans WHO WE ARE LOOKING FOR: Agents Brokers Wholesalers Motivated Sellers Joint Partners WHAT WE ARE LOOKING FOR: INFORMATION WE REQUIRE: 2-4 units Larger Apartment Buildings (5 & up) Condos and Townhomes Single Family Residences Los Angeles and Surrounding Areas Possible Out of State Properties Rent Rolls Comps REAL After Repair Value (ARV) Cap Rates / Rental Ratios Rent evaluation (via Rentometer.com) Property information (BR/BA, sqft, etc...) Since 2003, Sam’s Real Estate Club has been committed to real estate education, power networking and helping investors prosper! We are looking for properties that meet our specific criteria to provide quality joint ventures to our investment partners. If you can find properties matching our criteria, we will buy them! 1112 Montana Ave., #390 Santa Monica CA 90403 800-998-9930 www.SamsREClub.com SPECIFIC BUYING CRITERIA ON BACK OF THIS FLYER
Transcript of SPECIFIC BUYING CRITERIA ON BACK OF THIS FLYER
WHAT WE DO:
Buy and Hold
Fix and Flip
The 20/2 Program
Syndications
Hard Money Loans
WHO WE ARE LOOKING FOR:
Agents
Brokers
Wholesalers
Motivated Sellers
Joint Partners
WHAT WE ARE LOOKING FOR:
INFORMATION WE REQUIRE:
2-4 units
Larger Apartment Buildings (5 & up)
Condos and Townhomes
Single Family Residences
Los Angeles and Surrounding Areas
Possible Out of State Properties
Rent Rolls
Comps
REAL After Repair Value (ARV)
Cap Rates / Rental Ratios
Rent evaluation (via Rentometer.com)
Property information (BR/BA, sqft, etc...)
Since 2003, Sam’s Real Estate Club has been committed to real estate education, power networking and helping investors prosper! We are looking for properties that meet our specific criteria to provide quality joint ventures to our investment partners. If you can find properties matching our criteria, we will buy them!
1112 Montana Ave., #390 Santa Monica CA 90403 800-998-9930 www.SamsREClub.com
SPECIFIC BUYING CRITERIA ON BACK OF THIS FLYER
Property information (BR/BA, sqft, etc...)
1112 Montana Ave., #390 Santa Monica CA 90403 800-998-9930 www.SamsREClub.com
WE ARE CASH BUYERS!Not only are we investors but our club members look to us to help them secure Investments for long term buy and hold and/or possible fix and flip opportunities. We are looking for real estate professionals to join our network of property hunters. The more deals you find that meet our criteria, the more we will buy and the more money you can make! Let’s buy some properties and make a lot of money together!
REPAIRS/REHAB COSTSThe cost to bring a property to good or superior condition after purchase.
CRITERIA: We typically buy properties that need $5-$10K max per door. We do not buy teardowns.
AFTER REPAIR VALUE (ARV)The fair market value of the property after it’s been rehabbed and ready to be sold or rented.
CRITERIA: We look to buy properties 15-25%+ below current “as is” market value.
COMPARABLESTo calculate ARV, you must look at recently sold and current listed properties with similar characteristics.
CRITERIA: We look for closely matching number of bedrooms and baths, sqft of improvements and lot sizes.
LET’S WORK TOGETHER AND HELP EACH OTHER SUCCEED!
GROSS RENT MULTIPLIER (GRM)Gross Rent Multiplier or “GRM” is the ratio of the price of a real estate investment to its annual
rental income before expenses.
CRITERIA: Under 8.
EXAMPLE: Gross Income is $120,000 and therefore we will pay $960K or less.
CAP RATEThe ratio between the Net Operating Income (NOI) and property Value or Purchase Price.
CRITERIA: 8-10% Minimum Cap Rate.
EXAMPLE: if NOI is $90,000 and we want a 9 CAP, we’ll pay 90000/.09=$1,000,000 for it.
