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"TFA Tuesday" featured article: Leverage $$ & Get in the Game-- True Freedom Achievers' Weekly Newsletter -- where you get Top-Notch Info & The Best Deals! 
 

True Freedom Achievers, LLC
602-538-7331 - Mobile  Mike@MikeLima.com

www.TrueFreedomAchievers.com

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It's "TFA Tuesday":  True Freedom Achievers' Weekly Newsletter -- where you get Top-Notch Information & the Best Deals! 


Leverage $$ & Get in the Game:

By: Mike Lima 

You've found an investment that fits your model, whether it be Fix/Flip or Buy/Hold.  You've run your numbers and the deal pencils out well for you.  You're going to lock in your equity and take advantage of your good wholesale price as soon as you close on the property next week.  You've got it all figured out, except you're short on money to close the deal!

Unless you were born independently wealthy (which we weren't), it happens to all of us at one time or another.  Our company currently owns 13 projects in our remodeling pipeline, and 6 of them are leveraged with hard money loans, 4 are leveraged with seller financing and JV relationships, and the remaining 3 are owned free and clear with our cash.

The point is, we could just stick with the 3 properties that we had the cash on hand to complete, but then we would be passing up on the opportunity to leverage ourselves (& other people's money) to make incremental profits on the additional 10 properties!  So there are certainly times when hard money financing, even with their typical double digit interest rates, make really good business sense. We have used the services of many different hard money lenders over the years, and it has worked the way it was supposed to -- they made money and we did too!

We're in a good, stable market that rewards investors who buy and execute on good deals. If you are currently on the sidelines because you don't have the cash in
hand to buy a good deal, it's time to leverage your cash & get in the game. It's natural (and savvy) to want the lowest interest rate, but while hard money generally comes with higher interest rates, the tradeoff is that you get wholesale properties at hopefully many $1000's cheaper than you could otherwise get if you weren't able to buy on wholesale terms. If you like one our our deals but don't have hard money lenders in your rolodex, let us know and we'll try to help you out with our contacts.
 

Real Estate Humor:

Flashback to a few years ago; thank goodness the market recovered! :)

Featured "Pin" of the Week:



Quote of the Week:

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” ― Albert Einstein


Featured Homes
(Click on Orange Boxes Below for Full Inventory):

Featured Property #1 - Excellent Wholesale Chandler Home in Retail Condition - Just List and Collect the Profits! 

5833 W Gary Dr., Chandler 85226
 
Wholesale Price = $349.5k
Highly Desirable East Valley Area!
3151 sf Home in Chandler
Price = $349.5k  <<< Cash or Hard Money >>>ARV to $410k-415k
$5k Non-Refundable Earnest Money to secure it. 
Front Front
  
5833 W Gary Dr., Chandler 85226 -- Click Here for a MAP!!
 
Cross-streets: Kyrene & Ray Rd.
  • 4/2.5/3cg
  • 3151 s.f
  • Lot = 6,599 s.f.
  • Built 1993
  • APN: 308-07-063
  • Taxes: $2263.00 yr. (2013)
Features/Amenities:
  • Excellent Retail Condition W. Upgrades & Designer Touches Throughout
  • Soaring Vaulted Ceilings Throughout
  • Solar 
  • Nice Tile floors throughout
  • Pavers Front & Back w/ Professional Landscaped Front & Back Yard.
  • Granite Counter Tops & Upgraded Cabinets
  • Nice Bath Fixtures & Light Fixtures
  • Massive Master Downstair w/ His & Hers Walk In Closet & Beautiful Custom Bath
  • Must See to Appreciate!
Price = $349.5K Cash/Hard Money
$5k Non-Refundable Earnest Money to secure it.  
ARV = ~$410-415k

 
Repairs  Nothing - Excellent Condition - just give it a quick cleaning and list it!
Deal Structure: 
Traditional Sale. 

Access - NOW VACANT - Call or email for appt.

Pictures - Click here for Pictures of 5833 W Gary Rd.
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Featured Property #2 - Fix/Flip in Great Location by 7th Street & Missouri
 
5327 N 6th St., Phoenix 85012
PRICE REDUCED!!

Wholesale Price = $324k
5/2; ~2,416 sf with large yard in great area
Price = $324k <> Cash or Hard Money <>
$3k Earnest Money to secure it
Front Front

 
5327 N 6th St., Phoenix 85012 -- Click Here for a MAP!!
Cross-streets: 7th St. & Missouri Ave.
  • 5/2
  • 2,416 s.f (has enclosed garage & patio )
  • Lot = 16,779 s.f.
  • Built 1950
  • APN: 162-21-008
  • Taxes: $3,168.92/yr. (2013)
Features/Amenities:
  • Excellent Fix/Flip opportunity in great Central Corridor neighborhood, north of Camelback Rd!
  • Irrigated Lot
  • Fireplace
  • RV Gate
  • Over-Sized Lot
  • Walking Distance to Xavier & Brophy College Prep High Schools
  • Close to Restaurants, Biltmore, Indian Steele Indian Park, etc.
  • No HOA
Price = $324K Cash/Hard Money
ARV = $450-475k
Repairs needed: Typical updating needed throughout ~ $30k

Deal Structure - Traditional Sale
Access - 
Occupied - Do Not Disturb Residents - Call or email for appt.


Pictures - Click here for Pictures of 5327 N 6th St.
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Click the link below to view other homes that are available. 
      
 
-Mike Lima

Freedom Achievers, LLC
True Freedom Achievers, LLC
cell 602.538.7331
fax 602.801.2694

Mike@MikeLima.com
www.TrueFreedomAchievers.com


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-- Freedom Achievers & True Freedom Achievers are in the business of acquiring properties and wholesaling to investors or end buyers.  We acquire the properties through a variety of sources.
-- All prices are net to Seller;  Buyer pays all closing costs. Prices are based on quick closing of 7 days or less, unless otherwise indicated. 
-- Buyers are responsible for their own due diligence.
-- Properties are sold As-Is condition. 
-- Freedom Achievers & True Freedom Achievers do not own all of the properties that it offers.  Some of the properties it has an equitable interest in, and in such cases it is offering to sell such interest so that the Buyer can purchase the property.

-- Transactions are closed through a Title/Escrow Company, with Buyer receiving a title insurance policy.

 
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