Menlo Gate LLC Group Investing

 

Menlo Gate, LLC's Latest Acquisition: 1227 Ebener St., Redwood City, CA !!!

Thank you to all for your continued support and feedback regarding Menlo Gate, LLC. We very much appreciate the words of encouragement and look forward to capitalizing on the present state of the Mid-Peninsula real estate market.

Menlo Gate's latest acquisition group closed last month. We are trying not to break our arms patting ourselves on the back, but this is truly a terrific group! The property was originally offered at a price of $1,700,000. The property was listed on September 10, 2008 and the listing expired on December 10, 2008. The property was listed by a widowed husband whose wife had previously managed all aspects of the building. He simply was not interested in property management. The timing of the listing, however, was unfortunate as the national real estate market tumbled. As a result, the seller did not receive much demand over the period of the listing. The interest that he did receive was tempered by the inability of buyers to receive loans for the property. In the end, the seller became disenchanted with his ability to sell the property and let the listing expire. That's where we came in.

We approached the seller and proposed a transaction wherein he would agree to carry the loan for the Property. We discussed the advantages of seller "carry back" financing and highlighted the benefits of "monthly payments" without the need to perform property management. We also discussed the benefits of an installment sale with the seller from a tax standpoint. Needless to say, the seller was receptive to our proposal. We negotiated a purchase price of $1,575,000 with seller "carry back" financing of $1,050,000 at 5.5% fixed for seven years! This property provides a healthy annual positive cash flow for all participants in one of the best rental income markets in the country according to recent national rental market reports issued by Marcus & Millichap and Colliers Parish. You don't have to be a real estate guru to see that this was a great deal!
If you missed out on this opportunity, don't despair. Menlo Gate, LLC is in the process of forming another group for its latest venture. We are presently analyzing pro formas for this property and anticipate delivery to the Menlo Gate, LLC mailing list this week. The property under review will present another seller "carry back" loan below six percent fixed for seven years. As with all Menlo Gate, LLC groups, this next group will also provide positive annual cash flow for the investor.

If you have any questions regarding our next group or Menlo Gate, LLC's structured real estate groups in general, please don't hesitate to contact us. Pro forma financials for our next group are available upon request to qualified participants. Inquiries may be submitted at http://www.menlogate.com or directly via email to invest@menlogate.com. The company can also be contacted at (650) 641-2226.

We hope to hear from you soon!

Menlo Gate, LLC Real Estate Investing for the Rest of Us