Great Deal

Price
$80k

Bedrooms
4 BR


Bathrooms
2.00 BTH


Living Area
1,353 SQ. FT.

Currently this property estimated value is 186k

Great Opportunity for building Net Worth

Currently this home is priced for 50k

The current estimate value is 186k

This property has an estimated equity amount of 136k

This is a 4/1 with 1276 sq ft of living space

The following properties which are within a mile radius were sold in the past 90 days

On 10 /28/08 this 4/2 , 1778 sq ft home sold for 147k est worth was 204k

9/30/08 this 4/2, 1329 sq ft home sold for 260k. Est worth at time of sale was 254.5k

9/30/08 this 3/1, 1945 sq ft home sold for 260k. Est worth of home at time of sale was 277k

9/24/08 this 4/2, 1408 sq ft home sold for 250k. Est worth of home at time of sale was 243k

This week deals

Currently this property is 45k and the estimated value is 183k.

This is a 2/1 with 872 sq ft. of living space

The estimated amount of equity in this property is 138k.

Other properties within 1 mile radius sold recently for the following prices

2/1 sold on 7/28/08 for 200k

2/1 sold on 7/10/08 for 180k

3/2 sold on 10/21/08 for 205,000

3/2 sold on 8/21/08 for 230,000

3/2 sold on 8/4/08 for 265,000

As an investor, you could convert this home into a 3/2 and increase the property value by as much as 30 to 40%

Also as an investor, you may hold on to this property and leverage the equity or perhaps just add an aditional 100k to your net worth.

This Weeks Deals

Here is where you can find deals that i'm working on every week. I will be showing the benefit of this deal and how I will be using this market to build my net worth hundreds of thousands of dollars at a time.

The New Real Estate Investing Model " Build Net Worth !!! "

Hello every one, my name is Jay Washington and I decided to start a blog to let every one know about my real estate investing consulting services. This blog will ultimately show case deals that are available here in Florida, my home state. I will also be offering my opinions and philosophy regarding real estate investing and ways to build your wealth in real estate regardless of the market conditions.
Personally I believe that in the real estate investing business, men/women should recognize the many ways to make money in investing in real estate. As entrepreneurs, we ought to be able to see deals in places where the average person sees problems. This is why we are entrepreneurs, because we have a 3rd eye or perhaps a 6th sense when it comes to opportunities in real estate.
I do not have a real estate license but I hire people that do. I also have a real estate attorney, a banker and an accountant who are personal friends of mine with whom I work with. This means that we became friends before we ever done business together. This is the best practice. Let me explain further. For the services that I receive from my friends during casual conversation, they probably would bill their clients 25 to 30 bucks an hour. Basically I’m saying that having some friends in these professions would save you money and keep you in the network of professionals.
Let’s talk about investing in the real estate market, particularly the Florida market. 1st let me give you guys a quick rule of real estate. Real estate is local in market. This means that real estate conditions in your city or county my experience different conditions than that of neighboring cities or counties. For instance, let’s look at the price of gas. Gas is forever increasing and therefore affecting how people are buying homes. The way it is affecting how people are buying homes is that people who want to purchase homes are buying them closer to their work place. Because they want to purchase their new home closer to work, homes may sale quicker if located near major metropolitan areas. As a result, homes that are further away from major metropolitan areas may be on the market for longer periods of time.
So, let’s get to the meat and potatoes of my blog. In this blog I will be introducing opportunities for individuals to build net worth. I say build net worth because in most cases that is what you will be doing. This is how the rich got rich. This is not a blog about becoming rich over night or how to “cash out”. In the business environment particularly the banking industry, you are measured by your net worth. Net worth = assets – liabilities. For instance, if you are in debt 50k and suddenly you own something that has 250k worth of equity, then you would have a net worth of 200k. Basically that’s it. What I do is find property with equity and leverage the equity and repeat the process. So that’s it, from here I will be posting deals on this blog for anyone to view. I will offer assignment of contract to anyone who is interested.