Top Cash Flow Investment Properties

Get a peek at some of our top cash flowing investment properties, as Jorge and Stephany show you images of the properties and discuss the details.

Related:

• Top 10 Physical Characteristics Identifying the Best Cash Flow Properties
• Cash Flow Real Estate Investing Builds Long-Term Wealth
• Improve Cash Flow – Monitor Your Debt-Service Coverage Ratio (DSCR)

Video Transcript

00:00 Jorge Vasquez: Stephanie. Good afternoon, Facebook friends. My name is Jorge Vasquez, CEO of Graystone Investment Group. And today we have somebody very special. Our Office Manager Stephanie is gonna be with us today. Stephanie.

00:15 Stephanie: Hello. Hi everyone. My name is Stephanie. I’m the Office Manager here at Graystone.

00:21 JV: Awesome. Awesome. Stephanie’s been working with us for…

00:25 Stephanie: Going on three years now.

00:27 JV: Three years. Awesome. She’s the one battling clients and taking all the calls and doing a good job for us. Thank you so much.

00:35 Stephanie: Thank you. Thank you.

00:36 JV: Awesome. We wanna give a shout out to Rafi, he’s not here today. He left me doing this by myself. Rafi, he’s on vacation right now. He’s our COO.

00:50 Stephanie: Yes.

00:51 JV: And I don’t feel bad for him. [chuckle]

00:53 Stephanie: No, he’s loving it. He’s out there. Where was he? I think on a cruise or something. He’s out there. I hope you’re having fun. Hello, Rafi [chuckle]

01:01 JV: What’s up? Okay. So today we’re gonna have an awesome topic. Today’s topic is gonna be the five of the best cash flowing properties we have. This is something that a lot of people have been asking, popular demand. “Jorge, we listen to your videos and we look at so many articles but can you show us some examples of some other properties you guys have?” Today’s the day where we’re gonna be going over the actual properties. We’re gonna show you before/after pictures. We’re also gonna go over the details like the rents, how much we pay for the properties, and the cap rate. We’re gonna be doing that today. Anything else you wanna add to that?

01:55 Stephanie: Nope. Nope, that’ll be it. As we show you pictures of before and afters of properties we have remodeled for our VIP clients, you have a little bit more of a demonstration of how we find our cap rates in the properties we buy.

02:10 JV: Absolutely. And before we get started, before we go through the part that you’re looking for, which is some examples of the properties, we wanna tell you guys a little bit about us. We’ve been doing this for about 15 years. Stephanie, you started working with me back when you were 18, right?

02:28 Stephanie: Just about, yes.

02:30 JV: We’re not gonna disclose how old she is right now, [chuckle] I’m not gonna put her on the spot but that was a little bit ago.

02:36 Stephanie: Yes, yes. It’s been a while now.

02:39 JV: We’ve been doing it for a while. We’ve done hundreds of transactions. The idea of this videos is for us to transfer some of the knowledge that we have gained through the years of doing this for so long, transferring that knowledge to you guys and hopefully you can enjoy our videos, okay? So with that said, let’s jump into the properties. Before we do that, I forgot, I wanna thank all the people that share our video today.

03:16 Stephanie: I’m seeing here, Eric’s saying he can’t hear us. Is anyone having problems hearing us?

03:21 JV: Okay, okay, that’s not good. Guys, are you guys hearing us? Alright, let me see if…

03:43 Stephanie: Okay. Thank you, Eric, for that message. I guess you’re able to hear us now.

03:50 JV: Okay. Awesome.

03:52 Stephanie: Thank you, Jason, too, for sending us a comment you can hear us. Awesome.

03:57 JV: Awesome. With that said, let’s start with the properties. I think this is very exciting. We’re gonna get to look at some of the properties today. Which one is the first one?

04:08 Stephanie: Awesome. Well, right here we actually have a before picture. This is a property in New Port Richey. It’s 6634 Batea Terrace in New Port Richey.

04:18 JV: Wait a second, you sure you wanna show that house? Look at that. Look at that guys.

04:22 Stephanie: Oh, yes.

04:24 JV: Look at that.

04:26 Stephanie: That property, actually is a three-one and we sold it to a VIP client of ours, actually, for $44,950 and that’s including our fee, Jorge. They actually had a repair range quote of between, I would say, $25 to $30 thousand. It was actually being rented for about $850. Gave us a great cap rate of at least 14.1. Are they ready to see the after picture?

04:54 JV: So Stephanie, you’re telling me that this piece of crap, we were able to… The client was gonna pay only $50,000 and rent it for $850?

05:05 Stephanie: Absolutely.

05:06 JV: So guys, I dare you. Let me ask you a question. If you see a property like this, would you dare to invest on it?

05:15 Stephanie: Absolutely.

05:16 JV: The answer is yes because we’re gonna show you what this property looked like after we were done with the repairs, right? Voila! That’s what the property looks like now.

05:29 Stephanie: Absolutely. There you go.

05:30 JV: Stephanie, who bought this property? I can’t recall. Who was the investor?

05:36 Stephanie: Our VIP client, Mr. Armstrong. Mr. Armstrong actually is the owner to this property, a VIP client of ours that lives in Canada.

05:45 JV: So once again, look at that guys. You gotta have the vision to be able to see beyond this jungle and be able to say, “Okay, I can make something out of this.” This is a perfect example. Look at that. Look at that. And this is an area where you can see a lot of opportunity. This is where we see a lot of opportunity looking at properties that the worse they look the better, Stephanie. Based on my experience, the worse the property looked, the better. And there’s always more equity that way. Obviously there’s certain things that are gonna be a no-no like a sink hole and stuff like that, that we tend to stay away from those properties but awesome first property. Once again guys, just to summarize this property real quick, under 50, rents of $850 a month and the cap rate of 14%, 14%. So, for those of you that are new into investing, the cap rate means pretty much the interest rate, Stephanie. How much you invested in the property minus your liabilities and how much are you getting a month. That’s pretty much how we calculate the cap rate and it’s just like the return you earn in a savings account and stuff like that, makes sense?

07:14 Stephanie: Makes sense.

07:15 JV: Okay. All right. Let’s move to property number two.

07:18 Stephanie: Here we have another property in New Port Richey. This is actually the before picture of this property. It’s actually a two-one. We sold it to a different VIP client. This one actually got sold for $45,950 with the range of between I would say, $20,0000 to $25,000 in repairs. This one actually is already about to be rented, if I’m not mistaken, at least at 870, giving us a cap rate of 12.2. And this actually… Property belongs to Mr. Pagan.

07:57 JV: Oh, Mr. Pagan? Oh, oh.

07:57 Stephanie: Mr. Pagan, Yes. Yes. And this property they actually gave it a new garage.

08:04 JV: Oh, awesome, awesome, awesome. So you guys ready to see what it looks like now? Alright, here it is. Boom. So it’s another example of another property that we took. It looked also like crap. Actually this one, if I’m not mistaken Irene? Okay. Stephanie, this is one that we converted from a two-one to a three-one. So here’s another opportunity, something that we always looking for is, if the property has the potential to be converted, we’re gonna go for that. And this is our client in Thailand. Right?

08:43 Stephanie: Absolutely. Mr. Pagan.

08:44 JV: Mr. Pagan, thank you for the investment. He’s gonna be coming from Thailand actually Monday to preview the three properties that he bought and this is one of them. And I know that he’s extremely excited but perfect example of our property once again. $56,000 and we’re renting for 870 a month and it’s yielding a cap rate of 12.2%. So you’re earning 12% a year. Obviously, that’s including… You also have to take in consideration taxes, insurance, property management, vacancy, and also any reserves that you might want to have per property. But awesome investment. Guys, we’re gonna pause it here real quick. If you guys have any questions about any other properties, let us know. We’re gonna be jumping on property number three, correct?

09:44 Stephanie: Absolutely.

09:46 JV: And so far, most of the properties we have seen are in Pasco but I wanna let you guys know that we’re doing Pasco. We’re doing Pinellas, we’re doing Citrus, and we’re doing Polk County. So our goal is to find the high end of the low end, so we’re looking for… These type of properties. Under 50, under 60 and in good neighborhoods, areas that we could say the tenant is gonna be stable. The property has curb appeal. The whole idea of having a stable income.

10:29 Stephanie: Absolutely.

10:31 JV: So, I just wanted to make sure that you guys know that those are all the areas where we are investing. Okay. Let’s jump into the next one, this is property number three, right?

10:44 Stephanie: Uh-huh. Property number three. Property number three is also a New Port Richey property that we have.

10:51 JV: Wow.

10:51 Stephanie: There you go. This one is 6413 Pueblo. Pueblo is actually a three-one. This is how we actually picked it up when we sent our GC to look at the property just like that and that’s how we actually sold it to one of our VIP clients as well, Jorge. This one got sold for $32,900. It needed roughly about $24,000 in repairs.

11:14 JV: Awesome.

11:15 Stephanie: It had a range of, I would say, $830 to $890 in rent. And was able to get it rented for at least $850 with a cap rate of, an awesome cap rate of 14.1%, Jorge.

11:28 JV: Wow. I mean guys, out there you look at this property and say that you would… That your first reaction to it would be to invest on it. Because if you don’t have the experience, you’re gonna look at this and say, “This is a piece of crap. This property is beyond repair.” You got to bulldozer or do something with it, used a lot. But if you can see beyond that and if you have the experience that we do, this is what the property looks like now. You guys are ready?

12:03 Stephanie: I don’t know if they’re ready.

12:04 JV: You guys ready? Okay. Bam.

12:08 Stephanie: 360.

12:10 JV: So that’s what the property looks like now. Once again, like we mentioned in the past, the areas of opportunities that we have mentioned so far are the property conditions, the worse the property is, the more opportunities there are. And also if there’s a property where we could increase another room, those are the two areas that we like and we benefit the most from. So anything else you wanna add, Stephanie?

12:43 Stephanie: No, no.

12:43 JV: Oh okay, this was Jennifer.

12:46 Stephanie: Yes, yes that was Jennifer and that property actually… She’s probably in process of getting it sold as well.

12:55 JV: That’s right. Actually guys, the client picked this property for 30 something, was it? 30 something… Can you recall, Stephanie, what was it?

13:02 Stephanie: Three.

13:03 JV: 33. We have it in the MLS for 82 and I think it’s under contract or he has to receive a few offers?

13:11 Stephanie: Absolutely. He’s somewhere in the process of reviewing.

13:13 JV: Here’s another example of the properties that we do here at homes4income.com. We forgot to mention that homes, the number 4, income.com. So let’s go to the next property.

13:26 Stephanie: Alright the next one’s gonna be our last property. This is actually a before picture of a property we have in New Port Richey. It was sold to one of our clients as well. This one’s 8628 Velvet Drive in New Port Richey. It’s a 2-1 and let’s see, this one actually got sold for $49,900. It had repairs roughly between, I would say, 12,000 to 17,000 and actually it had a rent range of 875 with a cap rate of 12.3. This property was sold to one of our VIPs, Mr. And Mrs. Clark.

14:06 JV: Awesome. So we’re gonna look at the after now. This property wasn’t in too bad of a shape, at least outside, so you can’t tell the difference too much but awesome rehab. The guys did an awesome job, the guys at Graystone Development, great, awesome job. By the way I wanted to mention Jason [14:27] ____ is saying that this property is under contract, good job Jason. Jason is our partner broker from Graystone real estate, awesome job man. So just to summarize, this one also another property under 50, that the rents could go anywhere from $850 to $900, another perfect example of the properties you could find, you could get at homes4income.com, Graystone investment group. Wouldn’t you want to own that? It’s a beauty man, under 50, alright?

15:05 Stephanie: Alright.

15:05 JV: We have one more, right?

15:07 Stephanie: Actually this one is a different property since you mentioned, we do buy houses in Clearwater, New Port Richey and other counties as well. This is a property we have in Clearwater. This property is Terrence Road in Clearwater, it’s actually a 3-1. It’s already been remodeled. It was a property we picked up for 60,000 and actually we have it for sale under contract for 129,000 right now and we put in like 20,000 in repairs and at one point it was being rented for at least $1200, something like that. But right now, like I said, it’s under contract for 129,000 and hopefully closing by the end of next month.

15:51 JV: So guys this is a perfect example of what Rafi and I were always talking about, flipping the rental? This is flipping the rental. We picked up this property a couple of years ago, we’d rented it, rented the property for a couple of years, collected rent and then decided to flip it recently. So for taxation is better, always talk to your CPA but for taxation, it’s better to sell after one year. So we collect the rent, we’re gonna flip it once we gain some equity. So a perfect example. And this property was in really bad shape as well but awesome deal. So we wanted to make sure, guys… We cover in the whole Tampa Bay area, we’re doing Pasco, Polk, Hillsborough, even Citrus County sometimes. And we’re really good at what we do, about finding good deals and helping you with the whole process of the acquisition that we have in the management.

16:57 JV: You don’t have to do nothing, we got clients in Europe, we have clients in Asia, we have clients in California, we have clients in New York and they’re sitting at home in the lazy sofa doing nothing and we’re doing the whole process for them and we love to do that. The less they do, the better for us, right?

17:18 Stephanie: They call us a one-stop shop, Jorge, is what I hear a lot when I speak to them since we deal with the acquisition part and also have the property manager involved and also the project manager. So it’s like a one-stop shop, we do it all here especially for a lot of our investors that are not here locally in the Tampa Bay area.

17:39 JV: Awesome. So that’s pretty much all the properties we have. We have one more property.

17:47 Stephanie: Special property.

17:48 JV: Special property. This is a property that we actually have available for sale and we’re only gonna have this property available for sale in the next 24 hours off-market deal. After that, it’s gonna go in the MLS. Right? Stephanie?

18:04 Stephanie: Mm-hmm.

18:05 JV: So tell us a little bit about this property.

18:07 Stephanie: That property is actually a property we have in Lakeland. It’s a 3-1. It actually has a new roof. They actually just put a new roof on this property.

18:17 JV: Awesome. Awesome. Awesome.

18:19 Stephanie: And the rent range for this property, actually we’re looking at maybe somewhere around the $900. Needing roughly about $35,000 in repairs to get this property rent-ready. Giving us a cap rate of at least 13.5%, Jorge.

18:34 JV: Nice. Nice.

18:35 Stephanie: And I’ll let you disclose what the great asking price or the special asking price is for this property today.

18:43 JV: Okay. So we’re thinking of placing this property in the MLS maybe 50, maybe 55, 60. I’m waiting on the CMA. But for our viewers, if you decide to buy this property, you’re interested in investing with us today. This is an off-market deal, nobody has it. We’re gonna be selling it to our viewers for $39,000. So just $39,000. So once again, $39,000, three, nine. $39,000. And it’s a property you’re gonna be able to rent for $900 a month.

19:22 Stephanie: $900.

19:24 JV: It’s gonna have some repairs, and the repairs are gonna be kinda high. But you can have a couple of quotes, a couple of people, you could do it yourself if you’re handy. So, great deal. If you’re interested about this property, we’re gonna put a link.

19:37 Stephanie: Yes. I just placed a link there for the investor profile.

19:41 JV: Tell them what they have to do.

19:42 Stephanie: The investor profile has just a few basic questions. Getting to know a little bit about your profile, what you’re looking for, your expectation on homes and real estate. With that, we would be able to create an investment profile on you, and get in contact and see if this is probably your next ideal first investment home.

20:01 JV: Awesome. Awesome. So once again, off-market property. Monday, we’ll be in the MLS. So, if you wanna jump, this is an exclusive deal for only our Facebook Live viewers only. So make sure that you jump. You fill out the investor profile, and let us contact you as soon as possible if you’re interested. Imagine Stephanie, what this property’s gonna look like after it’s done.

20:30 Stephanie: Oh. We just have to sit tight and see but it’s gonna look amazing.

20:36 JV: Yeah. I think it has a lot of curb appeal. It has a big lot and I think it’s gonna look great when we’re done with it. So that’s pretty much our session of showing you our houses. I don’t know if any of you have any questions. Anything else you want to add, Stephanie?

20:57 Stephanie: Nope. That’s it. If you want more information, you can find us at homes4income.com. We have recent sold properties there as well. The next step will be filling out an investment profile and speaking to someone on our sales team and seeing if we can find that ideal property for you. But that’s it, Jorge.

21:19 JV: Once again, homes… The number? Four?

21:22 Stephanie: Four. Not five, four. [chuckle]

21:26 JV: Income.com and I want to thank you guys for continuing supporting us and viewing our videos. Most of our videos are reaching almost a thousand viewers, each of them. And everywhere I go, people tell me, “Oh, you’re the guy from the videos. You’re the Latino Blues Brother”. And we’re passionate about it. We wanna educate as many people as we can, especially those that are rookies and are starting to enter the investor arena. So, thank you so much. And Rafi, wherever you are in the Caribbean, hope to see you here next week. Too much of a vacation, too many days. So we want you back as soon possible. This is Jorge, CEO of Graystone Investment Group.

22:21 Stephanie: And Stephanie, the office manager here at Graystone.

22:25 JV: Thank you for your time and support and see you next week. Bye.

22:28 Stephanie: Bye-bye.

Graystone Investment Group

Graystone Investment Group is an experienced real estate wholesaler in Tampa Bay. We serve clients who flip homes in as little as 30 days, as well as clients who hold high cash flowing rental properties.

Unlike other wholesaling groups, we provide clients with a turnkey process at no extra charge. We find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years.

To learn more about profitable real estate investments in the Tampa Bay area, fill out our Investor Profile or contact us direct.