A word from the broker

Hello G’s,

 

Guys I have something very important to say, so please do not blow this email off or take this information lightly. It is important to me to see all of my agents/peers to be successful in real estate. If we work together and bring new and important information to the table we will all profit. We need to have an outlook of helping each other out and not just helping ourselves out, Why? because the pie is infinite and it is never too small. You can never have all the business in out there in the market place.  It is very easy for people to pick up on whether you are in it for yourself or if you are in it for others. If people realize that you are in it for yourself  they will stop sharing information with you and that is bad! You individually cannot have all the information. You need others to help and support you.  Information & action are the single most important things you must have to be successful.

 

Here is some information I will like share with you all and please let me know if it happens to increase your bottom line, it is important to me to know If I have helped. The reason why some of you have not already began to take some of the steps that I am going to talk to you about; is because you have not yet had that Awe! moment or you have not yet tried it out or worked it. I am telling not to take this info lightly

 

It is very very very very important to work the internet. Why? Because that Is where everyone is going! No one is no longer making money by sending out flyers or advertising in a magazine, newspaper, radio, or even TV. Trust me I know! That is old news. If you are in the service industry you cannot reach out to someone through a postcard or a TV ad there just is not enough information being exchanged.  I have made more contacts and relationships in one day on the web than I have by advertising any other way. Here is the important information I wanted to give you, some of you might already know about it but have not yet worked it.  

 

You must join and learn everything there is to know about these social networking sites. The cool thing is they are FREE! And the most effective way to get your name out there.

 

Facebook.com

Meetup.com

Youtube.com

Activerain.com

Blogger.com

Get a website | Microsoft has a free one @ http://smallbusiness.officelive.com/

*Please email me if you know of any others

 

Also advertise yourself on Craigslist. Meetup.com will help you do that

 

Join and work these sites and you will all make double or triple what you are making now. You can’t just join them you have to have a plan. Specialize in one thing that has to do with real estate set yourself up as the expert and let others know that on these social networking sites.

 

I really do appreciate you all and I hope we all have a sense of comradery here at Gentry. I heard we have a great reputation out there through the grapevine and the reason we have that reputation is because of you!

 

I promise if one agent here is making lots of money we should all be making lots of money because we all share our information with each other. It just takes ACTION!

 

Thanks,

 

Elliot Caldwell, Designated Broker    

 

 

 

 

New Homes (Queen Creek AZ)

VILLAS AT MAGIC RANCH

INVENTORY HOMES

 

 

 

#158 Churchill Downs 1539 sq. ft.                                                                                                     $118,970

Huge pie shape golf course lot, 4 bedroom, 2.5 baths, vaults at master, covered patio.  Approx. 2 months to complete.

#221 Churchill Downs 1539 sq. ft.                                                                                                     $118,656

Corner lot, 4 bedroom, 2.5 baths, microwave, 2” faux wood blinds.  Approx. 30 day close.

#225 Churchill Downs 1539 sq. ft.                                                                                                     $121,039

Corner lot, 4 bedroom, 2.5 baths, washer/dryer, fridge, microwave, covered patio, LowE windows, vaults at master, soft water loop.  Approx. 30 day close.

 

#138 Crown 1948 sq. ft.                                                                                                                     $123,565

Golf course view lot, 3 bedroom, 2.5 baths, extended loft option, washer/dryer, fridge, LowE windows            Approx. 3 month build time.

#209 Crown 1948 sq. ft.                                                                                                                     $152,668

Oversized lot, 3 bedroom, 2.5 baths, extended loft option, stainless steel fridge, dishwasher, range, microwave, front loading washer/dryer, maple cabinets, covered patio A&C, slab C, garage service door, 2 tone paint, dual sinks at master, 2” faux wood blinds throughout, LowE windows.            Approx. 45 days to complete.

 

#211 Carefree 2179 sq. ft.                                                                                                                 $137,148

4 bedroom, 2.5 baths, washer/dryer/fridge, covered patio, LowE windows. Approx. 45 days to complete.

#223 Carefree 2179 sq. ft.                                                                                                                 $140,686

5 bedroom, 2.5 baths, vaults at family room, washer/dryer/fridge/microwave, garage opener, covered patio, LowE windows. Approx. 45 days to complete.

 

 

 

$500 Total Move in Program with Preferred Lender*

*$500 total move-in available with down payment assistance.  Not all borrowers will qualify for all programs.  

Terms and conditions subject to credit approval, market changes and availability.

 

ALL PRICING AND OPTIONS SUBJECT TO CHANGE WITHOUT NOTIFICATION

A DETAILED LIST OF OPTIONS IS AVAILABLE UPON REQUEST

   PRICES EFFECTIVE 7-5-08

Contact Elliot at elliot@gentryaz.com for more info.

Single Family Home w/ Lease Purhcase producing positive cashflow

This single family residential home currently has a lease purchase option with a lease amount of $1,200 being paid. With current interest rates on loans at the purchase price this home is going to produce a monthly positive cash flow as it does now. The properties neighborhood is in in Circle Cross Ranch which is one of the highest valued communities in Queen Creek. In the neighborhood there is schools, shopping centers and ingress and egress are better than average. There is also a large sport facility within walking distance of the home which has volleyball, basketball court, playground equipment, etc. The home has lots of upgrades such as: Upgraded Cabinets, flooring, epoxy flooring in garage, vaulted ceilings, upgraded fixtures, fans, etc.

Call me today if you are interested 480-248-0209 or email me at elliot@gentryaz.com

Download Property Profile (click here)      Queen Creek Info (click here)

• Address: 1303 W. Matthews Dr Queen Creek Az 85243
• Purchase Price: $160,000
• Details: 3 Bed / 2 Bath / 1550 sq ft / Built 2007 / Vaulted ceilings / Many Upgrades
• Current tenant pays: $1200 monthly w/ option to purchase @ $195,000

San Simeon (20% cash on cash return)

 

We have just been assigned to handle the lease to purchase program for Monaco  (San Simeon). This project is in its final close out and we have 5 units that we are offering.

You will be required to enter escrow with a contingency that they will have a lease tenant that will eventually (within 6 to 12 months) purchase the condo form you at a 7% increase from the price you paid.  The return to you is in the mid 20% cash on cash (see attached spreadsheet). This program works because it insures that your have an exit strategy to the purchase. This investment comes with the following aspects:

 

1.       Developer will guarantee rent for a period of one year at 8% of the total purchase price.

2.       Developer will pay all HOA for a period of one year.

3.       Developer will manage the property for free for one year.

4.       Developer will warrant the condo against any mechanical defects for one year.

5.       Investor is placed in a priority position for all future deals.

6.       Investors re-invest time and time again because of the success. (creating residual income for the agent)

 

Before you close you will have a tenant and a purchase contract from that tenant to purchase the unit once they qualify.  Historically the tenant qualifies 85% of the time.  If the tenant does not qualify they are evicted and another tenant is put in their place.

 There are a limited number of units available.  This program works and has been in existence for over 7 years.

  

Click Here for Larger View

Property Profile & Pictures

email me for more details elliot@gentryaz.com  or call 480-248-0209

 LENDER for the project

      Sarita Vidal
        senior loan officer
          p. 602 326 0964
          f. 602 441 4417
  saritavidal@hotmail.com

Brick at the Commons – Condos

*If you have any questions please comment and i will reply  (comment tab is just above)

Gentry clients get a special exclusive incentive for buying these units through us.

$10,000 off the price of the unit ~ 2 year lease back ~ 2 year taxes ~ 2 years HOA & insurance paid for ~ 2 years property mgmt paid for

This home is located near downtown Phoenix Arizona which is a great area to be buying at click here to find out why: whydowntownphoenix

prices start out at as low as $149,950

For more information con act me at elliot@gentryaz.com or call me 480-248-0209 also download this profile: brick at the commons property profile

Smart Questions asked by Gentry Investors

Question: Can we assume that all lease backs and payments will be held in an escrow account should the builder go under? 

 

Answer:  The builder is going to have a special reserve account in which there will be enough money reserved for the 2 year lease back.

 

Question: Would we be able to rent the unit out during and after the 2 yr lease back period?

 

Answer:During the 2 year leaseback you will receive market rent from the builder based on the formula below, whether it is occupied or vacant, during this time they will also manage the property for free. They will place and screen the tenant for you. After the 2 years is its up, we will need to find another property management co. 8% of monthly rent is a typical cost for property management. (gentry can help you find a good property mgmt company)

 

Question: How will rent be calculated?

 

Answer: Leaseback rate will be calculated as 90% of purchase price times 7.5% divided by 12.  So for example if you were to go with a 2 bedroom you take the purchase price of say 224,950 if you take one as is: would be $224,950 X 0.9 X 0.075 divided by 12 = $1265.34 (for the lease back rent paid by seller to you for 2 years)

 

Question:I know that the HOA and Taxes are paid for in the next 2 years, but what is the current cost of HOA and taxes so i can make a good judgment of what those cost will be after the 2 years is up

 

Answer:

HOA:  Merlot 111.09,  Shiraz 120.45,  Chianti 172.19, Cabernet 177.89  if a unit has a garage the HOA increases by $5 per month. 

07 taxes for the year were:  Merlot  $440.38 per year,  Shiraz  $477.50 per yr,  Chianti $682.56 per yr,  Cabernet $705.78 per yr

 

Question: Is there an incentive for using there preferred lender

 

Answer: Yes $1000 towards closing cost. Below are the preferred lenders

Mike Tompkins

Director Builder Development

State Mortgage

480-648-2200 office

480-362-1326 fax

602-329-6591 cell

mtompkins@statemortgage.net

 

Lisa M. Wright
Home Mortgage Consultant
Wells Fargo Home Mortgage
S3851-011
20830 N Tatum Blvd Ste 100
Phoenix, AZ 85050
480-515-7607 Tel
480-502-9236  Fax
lisa.m.wright@wellsfargo.com
Apply online at:  www.wfhm.com/lisa-wright     

 

Ashlee Widdup

Evolution Financing

602-388-4300 Office

480-710-0806 Cell

602-532-7560 Fax

Ashlee.widdup@evofione.com