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#50: Milestone Edition: High-Cap Multifamily, BRRRR on a Budget, and a Flip in Lafayette!
Celebrating 50 Issues with High ROI Deals!
Kevin
December 26, 2024
In partnership with
Hello Investors,
Welcome to Dealsletter #50! We’ve hit a huge milestone, and it’s all thanks to you—our incredible community of savvy investors and deal enthusiasts! In this special edition, we’ve curated some of the most exciting opportunities across the country, from cash-flowing multifamily properties to a budget-friendly BRRRR deal and a profitable flip in Lafayette, CA.
Let’s dive into the deals that will propel your portfolio to new heights as we celebrate 50 issues of helping you find the best investment opportunities.
🔥 New Referral Program: Refer just ONE person, and you’ll receive the complete PDF of this issue, which includes our exclusive property insights.
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 7.04%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.42%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?
📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
Multi-Family in Oakland, CA
Property: 15th Street, 4 Units
Cap Rate: 6.15%
Multi-Family in Las Vegas, NV
Property: 13th Street, 4 Units
Cap Rate: 7.59%
House Flip in Lafayette, CA
Property: Michael Ln, SFH
ROI: 81.6%
BRRRR in Kansas City, MO
Property: 68th Street, SFH
Cap Rate(Post Refi): 10.75%
Multi-Family
Property: 1240-1248 E 15th St, Oakland, CA
Price: $825,000
Cap Rate: 6.15%
Units: 4 (2 x 2 Bed/2 Bath, 2 x 1 Bed/1 Bath)
GRM: 11.23
Why This is a Great Investment 👉🏼 This fully leased 4-unit property offers a fantastic opportunity to increase cash flow with Oakland’s Section 8 program, which pays above-market rents. Located near the desirable Lake Merritt area, the property is well-maintained with landscaped exteriors, off-street parking, and stable tenant demand. The future upside potential makes this a rare gem for investors.
The Stats (25% Down) 📝
Gross Rent (Pro Forma): $9,908/month
Operating Income: $8,917/month
Operating Expenses: $2,445/month
Net Operating Income: $6,472/month
Cash Flow: STRONG (Refer one friend to access the cash flow on this deal + MORE!)
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