Fortune Foreclosures, LLC - Investor Presentation
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Transcript of Fortune Foreclosures, LLC - Investor Presentation
"Your Premier Supplier of foreclosed, distressed,
and undervalued homes at wholesale prices."
“…Pittsburgh, which didn't have much of a housing bubble to begin
with and is the only market projected to grow next year, up 0.41%.”- CNN Money, Housing Outlook for 2010 – 12/09/09
Welcome
DJ Thielen– 5 year in professional baseball– Real Estate as a wholesaler in bulk buying groups for a National
Clearing House. – Successfully bought and sold over six hundred properties including
single family, multi-family, and large complexes– Concentrate on relationships with repeat buyers and referrals– Being investors ourselves we have developed a system to remove
worries and concerns with a true “Turn-Key” system.
Services – We analyze every property extensively including the
neighborhood, condition and market value of the home. – Purchasing good homes in good areas
You will have many exit strategies such as rent and hold with cash flow, fix and flip or rent to own/lease options.
Process
Selection– Single family homes, duplexes, tri-plexes, and larger
complexes starting as low as $20,000 in nice neighborhoods.
– “Cheap” doesn’t mean “Value”.
Profits – Flips - Many investors flip properties and earn annual
returns of 50%-100% returns on their money.
– Rentals - many investors earn an average of 10%-20% on their rental cash flow properties with us.
Return on Investment
Example: Sumner AvePurchase PriceClosing Costs & RenovationTotal Invested
SOLD in 45 days of listing:
Minus Realtor Fee’s (6%):Minus Holding Costs:
NET Profit
Time Frame A-ZAnnualized ROI
$65,000$21,585
$86,585
(Gross) $119,000
$7,140$650
$24,625
4 months? close to $100%
Return on Investment
Example: Single Family Rental– Bedrooms: 3– Bathrooms: 1– Kitchen: 1– Living Room: 1– Dining Room: 1– Forced Air Heat– Central AC– Public Sewer– Public Water
Purchase Price: Renovation:Monthly Income:Annual Income: Market Value:
$24,900$8,500
$550$6,100
$60-70,000
Return on Investment
Example: Single Family Rental– Bedrooms: 5– Bathrooms: 2– Kitchen: 1– Living Room: 1– Dining Room: 1– Forced Air Heat– Public Sewer– Public Water
Purchase Price:Renovation: Monthly Income:Annual Income: Market Value:
$29,000$14,700
$650$8,000
$80-90,000
Return on Investment
Example: Triplex Rental– Bedrooms: 3/2/1– Bathrooms: 1/1/1– Kitchen: 1/1/1– Living Room: 1/1/1– Dining Room: 1– Forced Air Heat– Public Sewer– Public Water
Purchase Price:Monthly Income:Annual Income:Market Value:
$54,500$1,200
$14,400$75-85,000
Before and After
Only one market -- Pittsburgh –is expected to turn positive in 2010.
- FORTUNE Investor's Guide 2010
The best place to buy right now:
Pittsburgh.-Forbes.com 02/19/10
Before and After
“The area's economy has transitioned from steel to services, finance, bio-med, health care and other more sustainable industries.
This diversification has enabled the area to muddle through the recession with less angst than many other places.”
- CNN Money, Housing
Outlook for 2010 – 12/09/09
15413 First Ct. S - Suite #104
Tacoma, WA 98444
Phone: (888) 250-8742
Fax: (253) 539-0216
E-Mail: [email protected]
Web: www.FortuneForeclosuresLLC.com