OFF MARKET


2 SFR Rental Package Deal

(Homes are next door to each other)


*HUGE Equity*

*Strong Cash Flow*


Value-Add/Repairs Included


In-House Property Management

(We manage over 200 doors in this area)


New Castle, PA


ALL CASH DEAL


Property 1 is VALUE-ADD

Vacant

Needs renovations


Property 2 is TURNKEY

Rented/Cash Flowing

Great Condition


*Properties have been thoroughly vetted and operational/physical value-add outlined to achieve realistic pro forma*


Package Pro Forma Numbers

Price: 151k

NOI: $13,912

Cap Rate: 9.2%

Equity: 54k (26%)

Property 1: Value-Add (BRRRR)

Front View

Picture Collage

Both Properties

Aerial View of Both Properties

(same parcel prior to subdivision)


1008 E Washington St New Castle PA 16101



OFF MARKET


BRRRR Property


Good Bones


Renovations Included


Vacant

(ideal so we can perform value-add + screen/place new tenant at market rent)


Tertiary Linear Market


Proper T Managemint offered


One Stop Shop - we handle the heavy lifting for you





Property Description



4 Bed/1.5 Bath


2,048 sqft






Cash Price


Purchase: 87k



Includes the following Scope of Work (35k)



Exterior


New roof

Paint where needed porches

Repair paint porch steps

Replace railings where needed

Paint existing shutters black

Add black shutters to windows

Paint existing green trim black

Paint the rest of the trim/frames black

Paint door black





Interior


Cleanout

Remodel kitchen

Remodel bathroom

New lighting entire interior

New white switches, plate covers, and receptacles

New flooring (vinyl plank) and or refinish hardwood

Carpet bedrooms

Repair and paint all walls, ceilings, doors

Paint all registers (white on walls, black on floor)

Scrape and paint entire basement walls and floors

Service HVAC

Ceiling fans in bedrooms

Deep clean entire house




Timeline Estimate


3 months



Game plan is to add value/equity, get this property rent-ready, and achieve market rent





ARV Projection


110k

(supported by COMPS and a local appraiser)






Equity Projection


23k (20%)






Market Rent


$950/mo


*lease-up fee = 1 month's rent*






Pro Forma Numbers:



Monthly Rental Income: $950

GOI: $11,400


Annual Expenses:

2022 Taxes $1,204

Insurance $480

Maintenance/Vacancy Reserves (10%) $1,140

Proper T Managemint (10%) $1,140


Total: $3,964



NOI: $7,436

Cap Rate: 8.5%





Prudent Advice


Set aside some funds for incidentals, just in case (we recommend 10% of the purchase price of the property). Owning a rental property is like owning a car (except you're letting someone else use it). Things can happen and repairs can become necessary unexpectedly. Your property is your responsibility. Although we do our best to thoroughly vet properties, we cannot always ensure that we will find every issue. Until a property/unit is tenant occupied, we cannot foresee everything. Real estate investing is not a perfect science.



PICTURE LINK HERE
CMA LINK HERE
New Castle, PA Community Link Here

Property 2: Turnkey

Front View

Picture Collage

Both Properties

814 E Lutton St New Castle PA 16101


TURNKEY


Underpriced (built-in equity)


Tenant Occupied (rented)


Excellent 5 yr tenant!


GREAT condition - Well maintained


No rehab needed


1 car attached garage


Proper T Managemint offered


One Stop Shop - we handle the heavy lifting for you




Property Description



3Bed/1.5Bath


1,008 sqft




Cash Price


Purchase: 64k





ARV Projection


95k

(supported by COMPS and a local appraiser)





Equity Projection


31k (32%)





Current Rent


$650/mo





Market Rent


$850/mo




Game plan is to implement rent raises (likely in phases to mitigate tenant attrition) and cash flow with existing tenant. If/when tenant leaves, we can perform any updates desired (additional cost).





Pro Forma Numbers:



Monthly Rental Income: $850

GOI: $10,200


Annual Expenses:

2022 Taxes $1,204

Insurance $480

Maintenance/Vacancy Reserves (10%) $1,020

Proper T Managemint (10%) $1,020


Total: $3,724



NOI: $6,476

Cap Rate: 10.1%




Prudent Advice


Set aside some funds for incidentals, just in case (we recommend 10% of the purchase price of the property). Owning a rental property is like owning a car (except you're letting someone else use it). Things can happen and repairs can become necessary unexpectedly. Your property is your responsibility. Although we do our best to thoroughly vet properties, we cannot always ensure that we will find every issue. Until a property/unit is tenant occupied, we cannot foresee everything. Real estate investing is not a perfect science.

PICTURE LINK HERE
New Castle, PA Community Link Here

Proper T Managemint

*Lease-up fee is one month's rent*

Tenant Placement Process

Tenant Application

Background Check

Eviction History

Credit Check

Job Verification

Walk the property with team

Tenant approval


Our goal is to find a great tenant that will qualify for your property. Qualification includes no felonies, good credit, no previous evictions and job verification, this can take a couple of weeks depending how

many applicants we receive for your property.

If any of these applicants have a red flag but still seem like a possible candidate, we will contact you for further approval.


Otherwise, we handle everything from A to Z for you.


Upon purchase of a property you will receive

Investmint Properties Welcome Package

***For most questions, Please refer to the Welcome Package***


This explains our process and answers a lot of questions you may have. Please review this Welcome Package prior to your onboarding call. After reviewing the Welcome Package please make a list of your questions to present on your call with our onboarding specialist.


Proper T Managemint Onboarding Call


We will enter you into our Proper T Managemint Software

This is where you will have your own portal and can view all activities on your property as well as print reports for tax purposes.


Send and Sign our Proper T Managemint Agreement


ACH Set up


Confirm and discuss the choices you have made in the Welcome Package

Utilities

Pet Preferences & Deposits

Smoking/Non Smoking

Landscaping/Snow Removal


Please trust the process, we have gone thru trial and error along the way and our goal is to save you a lot of headaches. With any investment there are risks and we will always try our best to avoid them! I've learned, nothing goes as smoothly as we hope, new things pop up along the way. We will always try to make it easy from start to finish for you.


So....Let's work together to create a strong investment for you and a

wonderful home for someone else.


CEO - Amie


Community Description

The City of New Castle has been referred to as “Little New York City” because of its rich ethnic, religious, and racial diversity. Families enjoy a quiet community with a low crime rate with the benefits of the major City of Pittsburgh less than an hour away where entertainment is plentiful.


A full range of municipal services, the low cost of living, and excellent opportunities for quality housing in beautiful homes located in long established neighborhoods provides a most important attraction. Traditional family values, close knit families, and community pride are among the attributes of the people of New Castle.


Business is welcome to New Castle through the Department of Community Development where a full range of financial and relocation services and assistance is available to interested businesses. Established enterprise zones and commerce parks, coupled with financial assistance and tax incentives create an excellent opportunity and environment for new businesses and existing businesses wishing to expand or relocate.



Most Recent Testimonial

It is my pleasure to stress how much of an amazing experience I have had working with Investmint Properties LLC. Amie and her team have been extremely helpful and vital in my business’s growth through their amazing evaluation and management of my properties. I have been working with the company for over a year and have purchased several properties that Amie and her team sold to me and successfully manages.

 

As an out of state investor it is hard to find a company you can trust to lead the way while you grow your portfolio. Amie took it upon herself to walk me through the process and put me at ease for each transaction. The peace of mind that this company provides is extremely valuable. Through Amie’s approach and involvement, we have established an amazing partnership that I truly appreciate.


-Rashad C

Las Vegas, NV



WANT THIS PROPERTY?
HERE ARE DETAILS TO HELP YOU!


INFO NEEDED FOR TITLE
PERSONAL NAME

OR

LLC NAME

PLEASE INCLUDE THE FOLLOWING IF
PURCHASED IN YOUR LLC


  1. Operating Agreements
  2. Article of Organization
  3. Certificate of Good Standing
  4. EIN#
  5. Your Contact Information



OUR PROCESS
PURCHASE AGREEMENT IS TO BE SIGNED AND FUNDS WIRED WITHIN 24 TO 48 HOURS. THESE LOW COST PROPERTIES COME IN QUICKLY AND GO OUT QUICKLY. UNFORTUNATELY
WE CANNOT HOLD ONTO A PROPERTY.

ONCE WE RECEIVE YOUR SIGNED DOCUMENTS AND FUNDS ARE WIRED, WE FORWARD EVERYTHING TO TITLE.

THE TITLE WILL BE TRANSFERRED INTO YOUR NAME. IT USUALLY TAKES 7 TO 10 BUSINESS DAYS AFTER CLOSING. HOWEVER, DUE TO COVID, THE CITY IS TAKING LONGER
THAN USUAL.

WHILE TITLE IS WORKING ON YOUR CLOSING DOCS, INVESTMINT PROPERTIES WILL EMAIL YOU AN INVITATION INTO A PROGRAM CALLED, "MONDAY". THIS IS WHERE YOU WILL RECEIVE ALL YOUR PROPERTY UPDATES, COMMUNICATE WITH THE EXECUTIVE TEAM AND BE ABLE TO TRACK ALL PROGRESS ON YOUR PROPERTY. THIS ALLOWS THE ENTIRE TEAM TO BE ON THE SAME PAGE AND HAVE ACCESS TO THE MOST UP TO DATE INFORMATION ON YOUR PROPERTY.


ONCE YOU HAVE CLOSED ON THE PROPERTY WE WILL HAVE YOU SET UP THE UTILITIES FOR THE RENOVATIONS TO BEGIN.

IT IS OUR GOAL TO MAKE SURE YOU AS THE INVESTOR IS IN THE KNOW EVERY STEP OF THE WAY. YOUR ACCOUNT MANAGER, WITH THE HELP OF THE PROJECT MANAGER WILL KEEP ALL COMMUNICATION AND UPDATES IN MONDAY.

IF THE PROPERTY HASN'T SOLD PRIOR TO RENOVATIONS BEING COMPLETED AND THE...

RENOVATIONS ARE NEARING THE END (WITHIN A WEEK) WE WILL HAVE ONE OF OUR PREFERRED TOP AGENTS WALK THE PROPERTY AND GIVE US ANY LAST MINUTE DETAILS TO ADD TO THE PROPERTY TO GET THE PROJECTED ARV.

STAGING IS AVAILABLE BUT IS A SEPARATE COST. THIS CAN EXPEDITE THE DAYS ON MARKET (DOM) BUT NOT NECESSARY.



We look forward to working with you!

Amie Lindvall

CEO - Investmint Properties, LLC

http://www.investmintproperties.com/


TESTIMONIALS

"You guys absolutely rock. You guys made it so passive that I almost forgot about the property haha."


- Nick E

Colorado



"Working with you guys was ABSOLUTELY seamless and a breath of fresh air. I would love to connect others to the business opportunities and platform that you guys have. Thank you!"


- Nathaniel H

Washington



"I was skeptical when I first heard about Investmint. But long distance real estate investing is the way to go. I was able to trust in the expertise of the company and rely on them to know the area, which renovations add value and how to best market and sell the home quickly. They took care of everything. No headache, no decision making. I would recommend Investmint to anyone who wants to get involved in real estate investing. It doesn't take as much money as you think and it's very profitable. I can't wait to do work with them again."


- Michael P

Arizona



"Working with the team at Investmint Properties has been a great experience! They know the market and have been spot on with each of my properties. They make the process easy and communication is excellent! They truly care about you and strive to make your investment successful. Highly recommend!"


-Sherri K

Orange County, California



"As a full-time employee, full-time dad and husband, and a part-time entrepreneur, I don’t have time to be a full-time real estate investor. I’ve interviewed and purchased from several real estate service providers out of state with mixed results. The toughest part of being an out of state investor is trust. I can genuinely say that I can trust Amie and Amanda. Amie and Amanda are real partners who won’t turn their back on you when things get tough. They put their customers before their profit, which is rare in this business. I will invest with them for many years to come."


-Nate P.

Denver, Colorado



“Amie and her team at Investmint Properties have been absolutely wonderful to do business with. They are extremely professional and diligent with their work. As investors, it is so important to have trust and feel completely comfortable and confident working with a company on out of state investments. Amie and her team check all the boxes when it comes to being trustworthy and reputable. We are so happy to continue to work with them and follow their guidance on our investment needs!” 


-Jesse D.

San Diego, California



“We are proud to announce that we have partnered with InvestMint Properties! Amie is amazing at what she does and will be a huge asset to our clients. We will be collaborating in markets that we are both in as well as opening up brand new markets!”


-Mike McCulley & Randal Polse

Phoenix, Arizona, Spartan Property Group



“Amie is the real deal. We have worked with her before in PA and will again.”

-Keith G.

Nashville, Tennessee