Non-performing notes

I have come across a list of non-performing notes.  The properties are scattered throughout the U.S.  The total purchase price is $299k (including back taxes and foreclosure fees).  BPO is estimated at $951K. 

Wholesale price:  $299k

Estimated BPO:  $951k

Estimated ROI:  318%

For more information we will need a letter of intent, POF, and potential deposit.

With the above criteria met, we will provide BPO, owners encumbrance reports, and limited servicing data. 

Please contact me directly with questions.  Please see fun disclaimers below.

All Prices based on cash sale with $TBD non-refundable deposit to secure property. 

IMPORTANT INFORMATION

• All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.

• One of managing members is a licensed Real Estate Agent in the state of Arizona.

• If estimated values are provided, they are based on interpretation of MLS and Tax Data.
• Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
• Price is net to seller and Buyer pays all closing cost
• Buyer agrees to double close of escrow

Investors/buyers are encouraged to conduct their own due diligence. The members of the selling entity are not tax or financial advisers. You should consult with a certified financial and/or tax adviser on any investment you are considering. Buyer pays all closing costs.

Wholesale deal - 6702 E. Holly Street, Scottsdale, AZ 85027

Wholesale deal - 6702 E. Holly Street, Scottsdale, AZ 85027

3bed, 2 bath, 1926 sq ft, heated diving pool, 2.5 car garage, and workshop.  Fantastic find in the historic District of Village Grove.  Close to Fashion Sq Mall, down town Scottsdale, shopping, dining, and airport.   Take advantage of the jump in price point for classy rehabs.  Prices trending up in the neighborhood.  Needs interior cosmetic rehab.  40 days average on market - see CMA below.


Wholesale price:  $315k
Estimated rehab:  $35k
Estimated ARV:  $435k

First signed contract and $2500 non-refundable earnest money deposit wins.   Close of escrow is on or before 3/24/15 and buyer to pay all closing costs.

Fun disclaimers, ESTIMATED BUDGET with 39% ROI, Pics, and Comps below:

All Prices based on cash sale with $2,500 non-refundable deposit to secure property. 

IMPORTANT INFORMATION

• All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.

• One of managing members is a licensed Real Estate Agent in the state of Arizona.

• If estimated values are provided, they are based on interpretation of MLS and Tax Data.
• Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
• Price is net to seller and Buyer pays all closing cost
• Buyer agrees to double close of escrow

Investors/buyers are encouraged to conduct their own due diligence. The members of the selling entity are not tax or financial advisers. You should consult with a certified financial and/or tax adviser on any investment you are considering. Buyer pays all closing costs.

Estimated Budget:

 

Purchase Price 315000 Front side Hard Mony loan  252000 Hard money down payment 63000 Interest hard money  - 18% 6month term - 4 months 3780 15120 Closing costs 1500 Remodel 35000 Insurance 700 APS/Water 700 Total cash invest 116020 116020 Total Frontside costs 368020 Backside Estimated renovated sales price 435000 Realestate commission 0.045 19575 title fees 1500 total fees 21075 21075 total frontside costs 368020 Total Earnings 45905 ROI 0.395665

Pics:

CMA: