Hello everyone in the Real Estate Investors Group, This is a good opportunity for every RE investor (new or experienced). For new investors you could flip the property to reap the profit and not have to worry about property management/tenants (single family homes or condos are better for newer investors because you are working with Property Management in managing 1 tenant instead of 4 in this 4 PLEX).
In any case, I look forward to working with all of you. I have 6 years experience in investing in real estate. Please ask questions and I will do my best to answer them. That is what we are here for. Sincerely, Frank Lee [EMAIL PROTECTED] INCREDIBLE REAL ESTATE INVESTMENT OPPORTUNITY PRECONSTRUCTION 4 PLEX IN LEE MILL HEIGHTS (MANHATTAN, KANSAS)! Approx. $100,000+ EQUITY* BEFORE CLOSING Sept. 2007-Feb. 2008** (flip for quick profit or hold as long term investment) Refrigerator, Range, Dishwasher, Micro Hood, Garage Door Opener, Washer and Dryer 2% CLOSING COSTS PAID HOA FEES PAID FOR 2 YEARS PROPERTY MANAGEMENT PAID FOR 2 YEARS *$100,000+ equity is base upon current appraisal. Values may fluctuate dependent upon market conditions. ** Completion of construction is planned for Sept. 2007 - Feb. 2008 but may be sooner or later. Please refer to our ebay ad for pictures/links or you can email us for PDF files of the actual appraisals, plat map, specs and plan images. EBAY AD LINK: (copy and paste entire link or enter item number "150084687392" in search box) http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=005&sspagename=STRK %3AMEWA%3AIT&viewitem=&item=150084687392 SUMMARY: Interest list now open for this RARE - RARE - RARE opportunity (1/20/07). These Two Story 4-PLEXES located in LEE MILL HEIGHTS (Manhattan Kansas) will go quickly. Take the time to understand this investment opportunity but ACT FAST! When investors understand what an incredible investment it is this will sell out fast. This development in LEE MILL HEIGHTS is PHASE II of V~VI. This is an incredible product available $100,000 below actual comps ($100K in equity = $100K in your pocket if you sell immediately at closing -dependent upon value at the time of closing which may be more/less). If you take the time to understand this investment you will see that it is an rare opportunity for any Real Estate investor. Normally, investors may run into deals with a few thousand dollars to $20,000 of equity. To be able to have over $100,000 equity for a Preconstruction 4 PLEX in a desirable rental market is unheard of. Take the time to learn the details below. If you believe that this is an investment that you could qualify for contact us to get one under contract. Only 52 Two Story 4-Plexes will be available and projected to sell out before the end of February '07. The surrounding development where the 4 PLEXes will be built will be finished by August 2007. From that time the construction & completion of the 4 PLEXes will begin until January-February 2008. Total Appraised Value: $606,000 (as of 01/2007 appraisal and likely to increase by completion approximately 09/2007-02/2008) SALES PRICE: $492,000* + MANY INCENTIVES *Sale price is dependent upon the presale of all 52 4 PLEXES before August 2007. We believe that all 4 PLEXES will be sold within the next 60 days. In the case that the 4 PLEXES are not sold (not likely with this incredible deal) the price may be increased and you will have the option of withdrawing from the deal and having your deposit returned. >From an investor point of view it beats investing in -Higher risk fixer uppers (need up front fix-up costs) -Older homes (little equity hoping for future appreciation) -New construction (with no equity hoping for future appreciation) In this case you are starting with a serious amount of equity in a market with high housing demand with great future potential. With the expansion of Fort Riley it is very likely that your reserved 4 PLEX will already be rented before completion and as soon as property management is in place advertising availability. One short term strategy: Close on the property and sell immediately to make over $100K (approx. amount depending on appraisal)- making this opportunity a NO BRAINER. A qualified buyer with a deposit of $10K can create $100,000 of profit if he/she sells immediately after closing. How simple and lucrative can real estate investing get?? INVESTMENT DETAILS: New development of 52 Two Story 4-PLEXes in LEE MILL HEIGHTS area (zip 66503) of West Manhattan, Kansas which is located about 8 minutes Kansas State University. Each Two Story 4 PLEX (approx. 5300 SQ FT) has: (2) TWO - 2 BDRM/1.5 BATH (1259 SQ FT) - Appraised at $143,000 (2) TWO - 3 BDRM/1.5 BATH (1415 SQ FT) - Appraised at $160,000 Each individual unit has (1) ONE 12'x 21' Single Car Garage Total Appraised Value: $606,000 (as of 01/2007 appraisal and likely to increase by completion 09/2007-02/2008) 9 other appraisers have looked at the appraisal and there have been no complaints from any of them. LOCATION: Location of development is 0.99 miles Southwest of here (Yahoo Maps). Manhattan, Kansas (Northeast Kansas) website. Colbert Golf Course (The Largest Public Golf Course in the State of Kansas-7,525 yds from back tees and co-designed by PGA Pro Jim Colbert) is located approximately 6 miles North of Lee Heights Development. About 30% of the people who play there come in from out of state! SALES PRICE: $492,000 + MANY EXTRA INCENTIVES INCENTIVES: Property Management paid for 2 years (Approx. $250/month or $3000/yr) HOA fees paid for 2 years (Approx. $300/month or $3600/yr) 2% Closing Costs paid by Builder (Approx. $10,000) Includes: GE Refrigerator, GE Range, GE Dishwasher, GE Micro hood, Garage Door Opener, washer and dryer. Additional Options: About 14-16 units will have walk out basements which add approximately $8K-$10K to the sales price per 4 PLEX. Please notify us if you would like to have a 4 PLEX with basements. Each 4 PLEX Unit is built with 8 FT ceilings. If 9 FT ceilings are desired it will possibly be an additional $5K (Highly recommended and would be an extra incentive for a tenant to rent. Cost of 9 FT ceilings has not been finalized yet). RENTAL INCOME RANGE TOTAL: Each 2BDRM/1.5BA will rent for $975-$1075 Each 3BDRM/1.5BA will rent for $1100-$1200 Monthly Rental Income: $4150-$4550 These units will be adjoining a very active residential development where construction for $400,000 to $500,000 homes are being constructed. This west side Manhattan location has great appeal in the market. It is close to shopping, restaurants, Kansas State University and Fort Riley as well. Project Improvements may include a 20ft by 40ft inground pool with dressing rooms. HOUSING DEMAND/ECONOMICS: Manhattan, Kansas is nicknamed "Little Apple" after New York City's "Big Apple" Manhattan in 1977. Kansas State University: 4 PLEX Properties are located 7-8 minutes away from University and there is growing demand for student housing. Fort Riley: 8 Miles west of Manhattan is Fort Riley United States Army Post and it expects an influx of 40,000+ troops this year (already started now until 2010). Upgraded Ft. Riley to a training hub for troops coming in. 1400+ families arriving on top of the total 40K people for this summer. New Elementary school being built within walking distance from development creating more of a family oriented community. Appreciation: Approx. 6%-7% in this area (Manhattan's average may be different) EXIT STRATEGIES: Short Term: Close on the property and sell immediately to make over $100K (according to appraisal 01/07)- making this opportunity a NO BRAINER. A qualified buyer with a deposit of $10K can create $100,000 of profit (according to appraisal 01/07).How simple can real estate investing get?? Mid Term: Buy, Hold and sell to make over $100K (according to appraisal 01/07)+ Appreciation + Tax Incentives (consult your Tax Expert) (Excellent Investment). Long Term: (3-5 years and beyond is perfect timing): Buy and Hold for Appreciation + Tax Incentives + Residual Income/Cash Flow (Excellent Investment) This investment was intially created for the intention of meeting the rising student housing and local community demand. With the announcement of the expansion of 40,000+ troops to relocate to Fort Riley (right next to this development) there was no better timing for this! The expansion will not only affect Manhattan but it will create a ripple effect to boost all business in and around the cities surrounding it and throughout parts of the State of Kansas. This investment opportunity is definitely in the right place at exactly the right time. Due to the expansion of Fort Riley, it has DRAMATICALLY reduced the risk of the investment for mid-term and long term investors. QUALIFICATIONS/REQUIREMENTS: -We will need to prequalify you but you may use any lender you wish -Complete Purchase Agreement after prequalification -$10,000 Deposit Required ($2500 per each unit of 4 PLEX) -FICO scores of 670 Median and above (we will try to work with those who have lower scores on a case by case basis) Our preferred lender is Select Mortgage. They can offer 100% financing programs and excellent rates for 5% or 10% down financing. They are extremely competitive and may be a better choice so it doesn't hurt to find out what they can offer. WHAT TO DO NEXT?: 1. Write down any additional questions or details you need answers to. We understand that not all questions have been answered and you may need more details. 2. Contact us directly via phone or email to discuss this investment. We have the actual appraisals, plat map, specs and plan images in PDF files that we can send to you for you to look over. We are opening dialog to see if this investment does work for you. If this investment does work for you and you can qualify then congratulations! If not we thank you for your time and interest (we may have other investments available in the future and will keep you updated). There will be no pressure sales tactics or spam (we never believed in that). Our philosophy is to create an incredible product/opportunity that is so much better than the norm and it will sell itself. We only strive for a WIN-WIN situation for everyone. We will provide information to you to help you decide if this investment is a good fit for you. We wholeheartedly believe that this one of the best investments for any investor, short term, mid term or long term. 3. Contact us and get a property under contract, complete purchase agreement and send in with your deposit* *No properties will be held for anyone until deposit is received. All properties are placed under contract on a first come first serve basis. 4. If you have additional questions please email or call anytime. We are here to assist you. CONTACT: Frank Lee Senior Marketing Manager For Sale By Developer CELL(951)756-8117 (available after 10am PST-8pm PST) Email: [EMAIL PROTECTED](will reply as soon as possible) Please email us if possible and provide your contact info. Sometimes messages left on voice mail are not clear so please repeat your info twice if possible or email us with your information. If you reach voice mail (we are constantly on the phone for this project) please leave a message with name & phone number & preferred time to call. I or one of the partners will return your call. We look forward to speaking to you. OUR PHILOSOPHY: WHY ARE WE OFFERING THESE INCREDIBLE PRICES? We extensively research and locate emerging markets that have high housing demand in the near term and long term. With that knowledge we create a quality product/construction with our partners and have property management in place setup for the investor. We choose a price point that will be a WIN-WIN for everyone and will move quickly. Once an entire project is sold we will continue onto our next project/ strategy. Our goal is a long-term relationship with our investors. They will see that we offer an excellent investment each and every time. There will only be a few projects annually so please take the time to do your due diligence and understand the details of each project so you can make your decision to invest quickly. Our investment opportunities go very fast once investors understand what we are offering. Investors that have invested in our offerings will be highly satisfied and continue to invest in our future projects. WHAT DO WE NOT WANT TO DO? We do not believe in saturating the housing market in any area (this would be self defeating for us and the investor both in the short term and long term). Our projects only alleviate a miniscule amount of the housing demand, which adds security to your investment (making it easy to rent out). We understand that Property Management is KEY to any long-term Real Estate investor. Without excellent property management the investment begins to deteriorate. We want our chosen property managers to strictly qualify potential tenants to avoid potential future problems for both the property manager and investor. They must communicate well with our investors and build a strong, long term relationship. ABSOLUTELY NO PRESSURE SALES FROM US. We are not here for a one time sale nor do we give our valued customers any pressure. We look forward to creating long term business relationships with our clientele and continue offer excellent future investment opportunities. You will find great value in working with us. KNOW OTHER POTENTIAL INVESTORS? 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