~~For INVESTORS/REHABBERS~~ LUXURY FLIP DEAL WITH OWNER FINANCING!~~ (Riverside County, CA) This Rare Deal includes: INTEREST FREE SELLER FINANCING THAT SKYROCKETS END BUYERS ROI!!! LOW OUT OF POCKET TO PROFIT BIG! PROPERTY DETAILS: ** 3/3 *3,402sq *Blt 1993 ** Home is on a Golf Course ** Unobstructed Panoramic Golf Course, Mountain and Lake View ** The lake is just steps from the back yard ** PROJECTED ARV: $1,100,000-$1,200,000 ** PURCHASE PRICE: $745,000 (but its ALL owner financed!!) ** (PADDED) REHAB (ALL Cosmetic ONLY) $100K ** (PADDED 6 MOs) HOLDING COSTS: $25K Heres what needs to be done to buy this home: Put $50K Down--100K to rehab--$25K Holding Costs--and $1,670 Closing Costs!!) ** TOTAL OUT OF POCKET FROM START TO FINISH: $176,700!! Its that simple! Title/Escrow is already open & ready to plug you in for the closing! You close... Get title... and begin rehab. Once rehab is done, SELL IT & Collect PROFIT! (** Heres another awesome bonus that comes w/this deal... NO TIME LIMITS!!) A typical deal that involves hard money usually has high interest rates, points and TIME LIMITS... This owner financed deal has NO INTEREST, NO TIME LIMITS, and best of all... LOW UP FRONT COSTS that instantly create a HUGE ROI! ** WORST CASE SCENARIO ROI: 33% ** BEST CASE SCENARIO ROI: 90% !!!!! NUMBERS BREAKDOWN FOR CLARITY VERY RECENT COMPS: MLS #: 214010583 -- 413 WHITE HORSE TRL., $275.42 P/Sq (Partially Updated) - 91 DOM -COE: 7-15-14 MLS #: 214003609 -- 361 SADDLEHORN TRL., $355.72 P/Sq (Excellent Updates!) 75 DOM -COE: 6/24/14 MLS #: 214003609 -- 761 RED ARROW TRL., $273.72 P/Sq (Partially Updated) 102 DOM -COE: 5/9/14 MLS #: 214012148 -- 665 RED ARROW TRL., $350.93 P/Sq (Excellent Updates!) 31 DOM -COE: 7/10/14 Resale Value will highly depend on buyers rehab job!! The Home is already in great shape, BUT Upgrading is a MUST in this area!! (If you cut corners on the details, to save a buck, it will also cost you in the end! Thats why we put $100K in the rehab budget so buyer sees that NO DETAILS ARE LEFT OUT & our rehab estimate IS PADDED! Also, the rehab plan is available to give the buyer a better scope of detailed work that *should* be done in order to obtain the high dollar sales tag that its proven it already can sell for!) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ How holding costs are calculated: Buyer will be responsible for maintaining Sellers Existing Mortgage/HOA payments until rehab/resale is complete (BTW- There are NO TIME LIMITS/NO RESTRICTIONS!!!) Payments combined are: $2,950p/mo. So, $2,950 p/mo X 6 mos =$17,700 Total Expected Holding Costs... BUT weve still included padding for holding costs to = $25,000 so the buyer is covered either way!) BUYER *MUST* HAVE THE ABILITY TO CLOSE WITHIN 7 DAYS OR SOONER! NO EXCEPTIONS! For Serious Inquiries, Call 323-905-4289 ~ THANK YOU & HAPPY & PROFITABLE INVESTING!!
Posted on: Sun, 10 Aug 2014 20:31:09 +0000
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