National Realty Investment Advisors, LLC has completed 900+ equity-rich investment homes in the past 10 years. The latest addition to the NRIA portfolio is the remarkable 75 unit complex, Bridgeview at the Waterfront!
Great News for Bridgeview Owners!
The Builder has finished the last of the asphalt binder coat last week for all driveways. The full complex infrastructure is now complete with just a few minor punch list items left. All tenants have full access to parking lots and driveways.
Additionally, over 1/2 of complex has already been occupied by the tenants. With the arrival of spring the is sure to fill up in no time! The property manager, Premiere Access is holding three weeks of Open Houses with loads of advertising through the Philadelphia Magazine Open House Tour beginning on April 9. This will give ample exposure to the complex and will result in a better response from prospective tenants.
Commercial Aspect of the Finished Complex
All the homes have valued at/near the projected value and many have even surpassed the projections (as always with NRIA). The rents are now being raised around the complex with certain key units getting $3500 per month of rental income.
Refinance Opportunity for Investors
The high market value of these properties will allow the owners to refinance at 75% of a typical $800,000 - $850,000 value. They can thereafter get back 98% of all their cash and have the tenant pay them off (all perfect reality strategy proven by National Realty Investment Advisors, LLC over 10 years and 900 homes).
There are dozens of owners who have already refinanced all their cash back for other investments. The tenants have been paying them $1400 a month or so PRINCIPAL PAY DOWN on the mortgage. After getting all their money back in a number of cases, the owners have made their homes FREE to them in cost and TENANT PAID FOR. Even if there are any delays or any extra interest charge, a lot of that can come back to you (if not all) at the time of refinance. You can ask at refinancing time if you want your cash back out.
Both the Builder and Property Manager are pressured on your behalf for YOUR UNIT daily for finishing and renting. Due to our automatic process flow, we continuously work with the various firm contracts on these vendors pushing them to complete all. You can request updates once every month from the entire client services team above with your address and Unit # in the header.
The topmost goal of National Realty Investment Advisors, LLC is to make properties highly valuable for investors from the viewpoint of equity and returns. And, our delivered projects have demonstrated the successful completion of our goals in past ten years. Know more about NRIA or Call 201-210-2727 for any query pertaining to our properties.
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