New Money to purchase (not exchange)
939 Moraga Street, Anaheim
SFR, 3 bed/ 1 bath 1,103 sq. ft., 7,200 lot
Had existing workshop, 38’ x 25’ approx950sq. ft.,
built 1973.
Closed Escrow 8/7/2020.
Purchase Price of $595,000 ($150,000 cash down)
$0 to repair front unit
$135,000 to convert the workshop & permit as an
ADU
Total cash: $285,000
Currently rented for $5,700 per month
Monthly Expenses of $3,786
Current cash flow of $1,314 per month
Harold knew that property management was no longer for him. So, we showed him a series of investment grade commercial properties which are leased to large companies. He was familiar with most of the company names, but was especially impressed when he learned that the tenant managed the property for him and paid all taxes, maintenance and insurance. Harold would finally be out of the property management business.
Once Harold became aware of net leased commercial properties he had Realty Pro 100 make a study of what properties were available in his price range and where they were located throughout the United States. He even found out that he could buy just an interest in a property which would let him diversify his investment across several properties to reduce risk and create a solid, blended monthly income that was reliable.
At the same time Harold was actively looking for property he met with his lawyer and created a Living Trust in which he could title every new property interest he was acquiring. This allowed him to create a long term monthly cash flow which could easily be passed along to his children along with the tax benefits of a stepped up cost basis when Harold and his wife passed. He actually created a legacy of wealth.
We were able to acquire a tenant in common interest in a brand new Advanced Care Medical in Georgia.
We netted $1,300,000 after tax by selling our rental home. By placing it into the program we now earn 6.25 percent.
Our Advanced Care Medical building interest now earns us $6,770 in reliable monthly cash flow.
The location of our building was based upon excellent demographics. We expect 7% annual growth, plus our cash flow.