Greg Traub

Our newest deals are just days on the market, and in the lower price ranges that yield the higher returns! (Still keeping us in the great area’s that attract great renters of course)

Link to all Deals of the week, click the top left of the screen for a drop down of all 6 - 02-Res Customer Synopsis

13205 Briar Forest asking $110,000

Across from the prestigious Stoneybrook East Golf community and in the highly attractive 32828 zip code this property will rent very well with little needed to get rent ready between $1200-$1300/mo. giving it far above average returns.

530 Pinebranch Cir #530 asking $99,900

Located within highly sought after Seminole County school districts, this suburb of Orlando is just a few minutes to major employment centers, set in a developed but extremely quiet, rural feeling town of Oviedo. This property is sure to provide above average returns renting for between 1100-1200/mo.

296 Solaris Wharf asking $102,000

Also in highly desirable Seminole County, across the street from the Tuskawilla Town center. The builder is successfully building the last few units in the neighborhood, and selling them at 137K+! Renting at $1100-$1175/mo providing average to slightly above average returns while holding, and the built in appreciation potential gives this property quite an edge.

277 Short St asking $152,900

This single family home located in the city of Lake Mary is one of the lowest priced newer homes in the city that was voted the #4 best place to live in the nation by CNN and Money Magazine. With an estimated rent between 1500-1700/mo this home has what a good investment likes. Unfortunately this home already has offers on it and the seller is closing out bids first thing Monday 3/12/12!

831 N Ferncreek #101 asking $154,900

This downtown condo is just north of all the hustle and bustle of the city, but still biking distance to all it has to offer. Very quiet and safe area of higher end homes, this high end condo will attract all the tenants you will want with rents estimated between 1350-1500/mo. With no-where else to build in the area, this type of property definitely can’t be built for this low a cost, pressuring future appreciation. Additional pictures available.

13935 Daniels Landing asking $96,900

One of the most consistent neighborhoods to produce “deals of the week” this one is a rare 3 bedroom unit that demands a premium rent between 1150-1250/mo and rents within days. Be prepared to compete for properties in this neighborhood though, especially with this bank owner not accepting offers from investors until 3/23/12.

Your Orlando Home Expert

Direct: 407-222-7281

GregMTraub@gmail.com

MANY deals to talk about this week. Unfortunately there would have been even more, but homes today have been selling sometimes within hours of being put on the market. Prices are definitely rising in these areas with many selling prices being 5-20% above asking prices if underpriced, and even selling for up to 5% over estimated values! The numbers still work out though to buy and hold these homes as rentals while still making a good positive cash flow, but be prepared to move FAST and be competitive! Especially in the $0-200K price range. *Starred* homes are likely to be my favorite deals and/or the ones most likely to sell within a day or two.

*12707 Somerset Oaks asking 99k - 02-Res Customer Synopsis

This townhome located walking distance to the Waterford Lakes Shopping super center has always proven to be a great rental area with nice townhomes for a great price. Not many sales in here recently meaning the listing agent priced it at a 6-12 month ago level, this one is going to sell QUICK. Corner unit, with tile flooring downstairs and granite counters. The house needs an exterminator, good cleaning, carpet replacement, Garage door Repair and light touch up paint to make an A+ rental. Additional pictures Available

*9833 Oak Crest asking 125k - 02-Res Customer Synopsis

Great Single homes at this price simply don’t come up for these prices anymore. Smaller at ~1500 square feet, this lee vista area home backs to conservation, has a private fence, tile flooring, and vaulted ceilings. Only needs carpet in the bedrooms and this house could be rented next week. Highly recommended! Additional pictures Available

*248 Winter Nellis asking 120K - 02-Res Customer Synopsis

In one of my favorite townhome communities in Winter Garden, this larger than normal 2 car garage townhome also backs to a rare conservation lot, and has proven to be an A++ rental area. Only needing minor handyman work and appliances to make rentable, this home has a very high ROI.

*9663 Fenrose Terrace asking 135K - 02-Res Customer Synopsis

One of my Favorite neighborhoods in the Lake Nona area of Northlake Park, this townhome has a great view of the pond and park from it’s front porch. Excellent condition as well with upgraded cabinets, counters, laminate and tile flooring, all with an open floorplan. Additional pictures Available

13858 Phoenix asking 147K - 02-Res Customer Synopsis

SPEEDY! This townhome I thought was Way overpriced, I went out to see today, and was it a great looking home. It was a flip bought only 3 months ago for ~100K as a short sale in need of work, with just cosmetic upgrades done. To my immense surprise, when I got back, I found this home had gone under contract! If this ends up closing close to the asking price it would represent a ~20K increase in current values…..and still would provide a small return while renting. (will be writing more about this seeming trend later)

On to some Higher end Deals that provide moderate positive cash flow, and EXCELLENT appreciation potential. In the >200K range homes don’t sell as quick, but still within a few days when priced right.

12648 Cragside asking 193K- 02-Res Customer Synopsis

A great Windermere property that may have some negotiation room in its price. This home only needs appliances to be move-in ready in one of the fastest renting and sales neighborhoods in Central Florida. Newly Carpeted and Newly Painted, this bank owned home is ready to close ASAP. Additional pictures Available

1901 Kodsi Ct asking 250K - 02-Res Customer Synopsis

PREMIUM home in Winter Garden this Open Home has an extended lot with conservation and cul-de-sac to view from the front porch, a pond to the left, and hill to the rear. Inside is expansive living area’s with up to 20 foot ceilings, tile and carpeted flooring, and kitchen with granite counters, upgraded appliances and cabinets that opens to the living room. A pre-approved short sale in one of the best neighborhoods in Winter Garden. Additional pictures Available.

*6225 River Fruit asking 269K - 02-Res Customer Synopsis

One of the Nicest homes in the Summerport area with premium lot, upgrades and features. From the front porch of this home you can view a neighborhood open area/park with gazebo and private road. To the rear a conservation lot for privacy and beauty, a boat launch onto Lake Speer, and all in the gated community of Eden Isle, the third entrance to Summerport.

Inside it doesn’t stop, with premium real wood flooring, premium chair railing throughout the formal area’s and office, stone and tile flooring in the wet area’s and living room with 2 story ceilings and windows all the way up to provide lots of natural light. All with an open view from the kitchen and a downstairs master bedroom. A NORMAL sale, this home won’t need anything at all to be move-in ready. Negotiate the price a bit and this home will prove to be an amazing return in the short and long term. HIGHLY recommended and additional pictures available.

9445 Candice asking 185K- 02-Res Customer Synopsis

Not my favorite neighborhood in the La Vina neighborhoods but still nice with great location in Lake Nona. In good condition generally with mostly tile downstairs and the carpeting in the home being in good condition, only needing a steam clean. The interior walls however were very individualized and would likely need to be completely repainted a more neutral tone. The home backed to conservation, though there were not many upgrades inside. Additional pictures Available

9625 Moss Rose asking 189K – 02-Res Customer Synopsis

In east park neighborhood, this bank owned home was in good condition, Only needing ceiling fans, a refrigerator, washer/dryer, and blinds. The home looked to have new carpets, laminate flooring in the wet areas, tall cabinets, and an open backyard. Not to upgraded but nicely done large home for a great price in the Lake Nona area. Additional pictures Available

9738 Lake District asking 199k - 02-Res Customer Synopsis

Only on the market a day, this short sale already has offers (like all of the other homes likely as well) but the agent will be holding offers open until Sunday at 4pm. This one needed a bit of work, but must cosmetic things. A very good cleaning, new carpet, washer/dryer, ceiling fans, a few walls painted. Other than that the home has potential with laminate wood floors, upgraded cabinets, and back porch. Additional pictures Available

9818 Lake District asking 210k - 02-Res Customer Synopsis

Just on the market today, this pool home looks great with laminate wood flooring, open floor plan, and great shape. Home likely just needs a few rooms re-carpeted, and maybe paint over the faux paint in the kitchen (though may want to leave it). I usually don’t recommend pool homes, but this one has great potential for resale down the road. Additional pictures Available

Your Orlando Home Expert

Direct: 407-222-7281

GregMTraub@gmail.com

Link to Properties - 02-Res Customer Synopsis

208 Sandhill Crane Runin East Orlando. This home is in the Eastwood neighborhoods in the general Waterford Lakes area. Eastwood itself is a large golf course community with planned oak shaded streets, neighborhood grocery center, “A” rated schools and proximity to all of the east Orlando employment centers.

The home itself is in excellent condition, needing nothing to put directly on the rental market. Upgrades were throughout the home as well, from the kitchen cabinets, counters, and appliances, to the bathroom vanities, laminated wood and tile flooring all throughout. I give this home an A+. Built in 1996, the home likely has about 5 years left until the roof will need to be re-shingled, but otherwise the home looks nearly new with the advantage of being in an established mature neighborhood. Rents between 1200-1300 with the higher end being likely, provides up to 5.5% cash return without financing (based on my ROI estimate including vacancy factor, maintenance, taxes, insurance etc….) with excellent potential for appreciation. Additional pictures available and this home is NOT a short sale or bank owned so a quick and easy closing is available!

13211 Moss Hollow Ctin East Orlando. This home also is an absolute gem with more upgrades than any other I have seen in this neighborhood. On a cul-de-sac, this home is also Move-In ready with nothing needed to put it on the rental market. The kitchen has been entirely professionally re-done with cabinets and stone countertops and stainless steel appliances. The flooring is slate tile and laminate wood throughout the entire home for durability and beauty, only the secondary bedrooms are carpeted. The upgrades continue in the master bathroom and are topped off with a large fenced in back yard.

Estimated rents for this 4 bedroom home are between $1250-$1325/mo providing up to 6% on cash return with great potential for appreciation. Additional pictures available

9588 Silver Buttonwood Stin the Lake Nona “Medical City” area. This townhome offers the chance to get into the lake nona area for well below 150K…currently asking $129,500, this property will contract quickly. Practically new, built in 2007 this townhome was quality built with lots of upgrades in the kitchens and baths as well as laminate wood flooring downstairs. A short sale that is likely to go relatively quickly as well, this home can be rent ready with just adding a washer and dryer. The only downside to the property is that it does back to a brick sound wall to which the other side is Narcoosee Rd. Additional pictures available.

Other than that, rents estimated to be $1200-1300/mo for this home as well, providing potential returns of up to 5.5% for cash purchases; and the appreciation potential of Lake Nona

30 N Lawsonais a diamond in the rough in Downtown Orlando. An amazing property in one of the best parts of Downtown, the interior is modern with upgraded kitchen cabinets and solid surface counters, a Jacuzzi garden tub with separate shower in the bathroom, and vaulted ceilings with recessed lighting throughout. This property is physically a detached single home with 1 bed, 1 bath, and plenty of room, the property is legally a condo…which is where the rough part comes in. The other detached single family home in the condo (just the 2 properties) is also in distress, not paying for any association dues or the upkeep of the common area’s (lawn and reserves for roof/painting), showing on the MLS as the HOA dues are $400/mo. This property will require legal legwork to get the association in order and to provide additional upside and ability for the new owner to get first crack at the other unit in the condo. This property is not for the casual investor and will require professional assistance to maximize. VERY worth the effort. Additional pictures available.

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Your Orlando Home Expert

Direct: 407-222-7281

GregMTraub@gmail.com

The market has been moving to quick too write up to much about my DOW on the best properties. So all I can send out nowadays is a quick blurb on the best ones I come across. If interested contact me ASAP for additional information and pictures if available.

Link to the Deals of the Week - 02-Res Customer Synopsis

First up, Three in the Suburbs:

10065 Oak Quarry Dr @ 220K asking price is definitely the #1 deal of the week! Go in with a strong offer and quickly because this one is not going to last. This HUGE 5/4 3157 Square foot home with tile roof and quality construction also has no rear neighbors backing to a pond with fountain. Right in the Lake Nona “Medical City” area these properties have great potential as real growth happens in the area. For now rents only support a 3.8-4.8% all cash return but with lots of appreciation potential at this price point on this level of home! A Short sale so prepare to wait for the banks approval, but WHAT A DEAL. Contact me immediately about this one.

12210 Upstream Ct @130K asking in The Waterford Lakes Area of East Orlando. Just about move in condition, great fenced in yard, very well maintained. Just a bit outdated cabinets in good condition for rental, should be re-faced for re-sale. Offering a 5-6% All cash return. Financing is available for this single family home offering positive leverage to raise cash on cash returns to 7-9%. Pictures Available

14222 Sonco Ave @160K asking in Windermere. This3/2 townhome offers the uniqueness of an additional rental apartment above the garage making the property a total of 4 bedrooms and 3 baths with second kitchen in the rental apartment. Property is rare in the neighborhood so rent comps aren’t available, but other 3/2’s rent for $1200-$1300, and the previous owner rented the separate apartment for 600-800. Estimated total rental income at 1500-1700/mo Cash returns of 5-6.5%. Financing possible for cash on cash returns up to 6%-10.5%. Pictures available.

Now to Downtown Gems:

The Vue Unit 6S-11 @129,900 these studio lake side units always sell quickly and rent VERY quickly at 1100-1200/mo. For those that don’t know of or haven’t toured the VUE with me before, this is one of the top 2 premier high rise condos in downtown. Call for more information. Cash returns of 4-5% currently, financing is also available (rare for condos) for 3-6.2% possible returns.

Lowball Specials:

1409 Minnesota St @250K Asking is likely overpriced for this single family home in downtown Orlando. But offers amazing potential with huge 2000+ sq ft, and additional lot to expand. No HOA to pay for this property. @ 230K however the cash returns on 1950-$2000/mo rent estimated at 5-5.25% financing is of course available to increase returns, with possible under-estimated rent

101 Eola #808 @ 146K Asking price, currently in line with what these units sell for from the developer “as new”. Meaning This property as a short sale should go for a good discount. A larger true 1 bedroom condo in downtown Orlando’s High end Thornton Park District, this unit should sell closer to 125K-130K. Cash returns between 4-5% and FINANCING IS AVAILABLE in this building.

9763 Doriath - 02-Res Customer Synopsis

This home is located in the 32825 zip code, right between the Waterford Lakes and UCF retail and employment centers and the new Lake Nona Medical Center. In an excellent, quiet community that rents very quickly. This short sale may take some time to close once we get it under contract but would be well worth the wait. In EXCELLENT condition, all this home needs to be ready for rental is a carpet clean and washer/dryer. Huge backyard, tiled throughout the common area’s for easy maintenance, and fenced for tenant privacy in there large backyard. Priced under market value currently at $135,000 with likely rental between 1300-1400/mo. Additional pictures available by emailing me @ GregMTraub@gmail.com .

546 Hardwood - 02-Res Customer Synopsis

You can’t get in a better neighborhood than this one. In the heart of Waterford lakes in a well kept, low distressed neighborhood. This short sale is move-in ready, nothing needed. Showing as a 3/2, the master bedroom has an attached office/nursery for making a practical 4^th bedroom. Laminate floors are throughout for easy maintenance and on a rarely sold premium lot that backs to the community pond. Currently priced a bit high at $157,000 it may go for as low as $145-150K, and rents for between $1300-1400/mo. Additional pictures available.

2733 Wild Tamarind - 02-Res Customer Synopsis

Avalon Park townhome with lots of room. In great condition only needing some appliances, carpets to be cleaned and light touchup paint. The home has lots of upgrades throughout, from the higher end carpeting, higher quality wood laminate flooring, granite counter tops, and a professionally converted garage into a theatre/recreation room! All in a short sale that is being worked under a special program that likely ensures approval and a relatively quick process. Excellent returns as well with rental rates likely to be $1200-1250/mo. Additional pictures available.