🏠 Property Details:
Single Family
2111 south state st
westville , IL 61883
2 Bed
1 Bath
1100 sq ft
Lot: .77 ACRES
Built in 1950
### 1. Long-Term Holds
Property Appreciation:** Estimate annual appreciation (e.g., 3-5%) over time.
**Holding Costs:** Taxes, insurance, and maintenance.
**Example:**
- Appreciation: 3% annually on $150,000 = +$4,500/year
### 2. Section 8 Rental
- **Standard Monthly Payment:** Provided by the government, based on local market rents.
**Example:**
- Estimated Rent: $1,200/month
- Annual Income: $1,200 x 12 = $14,400
### 3. Traditional Rental
- **Market Rent Estimate:** Based on local market data.
**Example:**
- Rent: $1,500/month
- Annual Income: $1,500 x 12 = $18,000
### Cost Considerations (Applies to All Rental Strategies)
- **Property Management Fees:** Typically 10% of rental income.
- **Operational Expenses:** Around 30-40% of rental income.
**Example for Traditional Rental:**
- Gross Income: $18,000
- Management Fee (10%): $1,800
- Operational Expenses (35%): $6,300
- Net Income: $18,000 - $1,800 - $6,300 = $9,900 annually
#####Fix and Flip strategy:
-PP:60k + cc
-rehab:45k
-ARV:170k+
### Conclusion
1. **Long-Term Holds:** Invest for appreciation, tax benefits, and long-term capital gains.
2. **Section 8 Rentals:** Regular and reliable income stream, may rent slightly below market.
3. **Traditional Rentals:** Steady, dependable income with less turnover compared to STR.
for more questions feel free to reach out to my direct line
3239161737
-------------------------------------------------------------------------
📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍📍
This Disclosure Statement is provided by Optimized Holdings, LLC ("we," "us," "our," or the "Company") to all potential buyers ("you," "your," or the "Buyer") interested in purchasing wholesale deals from us. The purpose of this statement is to inform you of important information regarding our business practices, the nature of our wholesale deals, and your responsibilities as a buyer.
Company Information
Name: Optimized Holdings, LLC
Nature of Business
Optimized Holdings, LLC is engaged in the business of sourcing, acquiring, and reselling real estate properties at wholesale prices. Our primary focus is on identifying undervalued properties, negotiating favorable terms, and offering these properties to buyers at competitive prices.
Disclosure of Material Facts
Property Information: All information provided about the properties, including but not limited to, descriptions, photographs, financial data, and other relevant details, is based on the best available information at the time of listing. While we strive for accuracy, we cannot guarantee that all information is completely free of errors.
As-Is Condition: Properties sold by Optimized Holdings, LLC are offered on an "as-is, where-is" basis. We make no warranties, expressed or implied, regarding the condition, marketability, or fitness for a particular purpose of the properties. Buyers are encouraged to conduct their own due diligence and inspections prior to purchase.
No Agency Relationship: Optimized Holdings, LLC is not acting as a real estate agent or broker. We are the principal in the transaction and are selling our own equitable interest in the properties.
Third-Party Services: We may recommend third-party service providers such as title companies, inspectors, contractors, or lenders. These recommendations are provided as a convenience and do not constitute an endorsement. Buyers are responsible for conducting their own research and selecting service providers.
Earnest Money and Deposits: Any earnest money or deposits required to secure a property are non-refundable, except as explicitly stated in the purchase agreement. Failure to close on the property in the specified timeframe may result in the forfeiture of your deposit.
Closing Costs: Buyers are responsible for all closing costs, including but not limited to, title insurance, escrow fees, transfer taxes, and recording fees, unless otherwise agreed upon in writing.
Assignment of Contracts: In some cases, we may assign our contract rights to third parties. Buyers acknowledge and consent to the assignment of contracts as part of our business operations.
Legal and Tax Advice: Optimized Holdings, LLC does not provide legal or tax advice. Buyers are advised to consult with their own legal and tax professionals regarding the implications of purchasing real estate.
Buyer Responsibilities
Due Diligence: It is the buyer's responsibility to perform their own due diligence on the properties, including inspections, appraisals, and verifying all information provided.
Financing: Buyers must ensure they have the necessary funds or financing in place to complete the purchase.
Compliance: Buyers are responsible for complying with all local, state, and federal laws and regulations related to the purchase and ownership of real estate.
Acknowledgment
By proceeding with a purchase from Optimized Holdings, LLC, you acknowledge that you have read and understood this Disclosure Statement and agree to the terms and conditions outlined herein. You further acknowledge that you have had the opportunity to seek independent advice and conduct your own due diligence.
For any questions or additional information, please contact us at: dylan@raloptimized.com or call (303) 552-2660