Thursday, March 30, 2017

Wholesale Deal - 6502 W. Orange Drive, Glendale, AZ 85301

Wholesale Deal - 6502 W. Orange Drive, Glendale, AZ 85301

Fantastic flip or buy and hold opportunity in Maryvale.

5 bedroom, 3 bath, with mother-in-law suite attached. Mother-in-law suite has it own Family room, bathroom, kitchen, and bedroom.  Home is 2338 sq ft, lot size is 9512 sq ft, built in 1960.


Wholesale Price:   $145k
Estimated Rehab:  $25k
Estimated ARV:    $200k

Escrow is open a First American Title, Geri Fortune is Escrow officer (623)537-1608.  First contract and $5k non-refundable deposit to title wins.  GO!


See below for fun disclaimers, ESTIMATED budget, pics, and comps:

Fun disclaimers:





All Prices based on cash sale with $5k non-refundable deposit to secure property. 

eIMPORTANT 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.


Pics link:
https://www.dropbox.com/sh/y0nuhway6gsv5ql/AAB8qXeup7t50QyjgdNMh5h4a?dl=0


Comps:




Estimated Budget:
Purchase Price 145000
Front side
Hard Mony loan  116000
Hard money down payment 29000
Interest hard money 
- 18% 6month term - 4 months 1740 6960
Closing costs 1500
Remodel 25000
Insurance 700
APS/Water 700
Total cash invest 63860 63860
Total Frontside costs 179860
Backside
Estimated renovated sales price 200000
Realestate commission 0.05 10000
title fees 1500
total fees 11500 11500
total frontside costs 179860
Total Earnings 8640
ROI 0.135296

Tuesday, March 28, 2017

Wholesale Deal - 3913 W. Maricopa Phx, AZ 85009 - Estimated 43% ROI

Super cute 576 sq foot, 2 bed, 1 bath close to the airport and downtown entertainment.  Has great bones and a pad to add extra square footage.  Nearly 7000 sq foot lot, built in 1948.

Needset:
Add on master suite and covered patio
Minor interior touches - paint, clean, floors

Wholesale Price:   $75k
Estimated Rehab:  $25k
Estimated ARV:    $135k

Escrow is open a First American Title, Geri Fortune is Escrow officer (623)537-1608.  First contract and $5k non-refundable deposit to title wins.  GO!


See below for fun disclaimers, ESTIMATED budget, pics, and comps:

Fun disclaimers:






All Prices based on cash sale with $5k non-refundable deposit to secure property. 

eIMPORTANT 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.

PICS:
https://www.dropbox.com/sh/rf4b6ihsvugm8e5/AAAjouRgdtnx-R0VztRJNYoSa?dl=0


Comps:



Estimated Budget:

Purchase Price 75000
Front side
Hard Mony loan  60000
Hard money down payment 15000
Interest hard money 
- 18% 6month term - 4 months 900 3600
Closing costs 1500
Remodel 25000
Insurance 700
APS/Water 700
Total cash invest 46500 46500
Total Frontside costs 106500
Backside
Estimated renovated sales price 135000
Realestate commission 0.05 6750
title fees 1500
total fees 8250 8250
total frontside costs 106500
Total Earnings 20250
ROI 0.435484

Thursday, March 2, 2017

Multi Unit Wholesale Deal - 1402 W. Mercer Phoenix, 85029

Multi Unit Wholesale Deal - 1402 W. Mercer Phoenix, 85029

2 separate structures.  One structure has 2 bedroom, 1 bath unit and a studio.  Second structure has 1 bedroom, 1 bath unit.  Estimated CAP 13.3%.  Estimated flip potential of 100% ROI.

Here are some facts:

Built in 1984
Corner lot 7919 sf Zoned R-3
Livable sf per county records is 1240
Nice city light views at night.
Actually has a nice sunset view as well.
CAP at 14.8% currently .... potential to go up with renovation. 
The owner is responsible for water. All other utilities are paid by the tenants. There are separate electrical and gas meters.

Rent was $1425/month

2 bedroom                     $550
1 bedroom                     $525
Studio                           $350

Estimated rent after rehab $1650 .... Estimated CAP 13.3%

2bedroom                     $625
1bedroom                     $600
Studio                          $425
Estimated water exp      $150


The units empty and remodel has begun..

This is an easy turn as well.  Vacant property makes the rehab easy.... and by rehab we are talking very simple rehab.  There is a pent up demand and list of potential tenants.  

Need set:  CLEAN, paint, small handyman projects.

Wholesale Price:     $135k
Estimated Rehab:   $5k
Estimated ARV:      $195k

Escrow is open a First AZ Title, Kim Stembridge is Escrow officer (623)385-1004.  First contract and $5k non-refundable deposit to title wins.  GO!


See below for fun disclaimers, ESTIMATED budget, pics, and comps:

Fun disclaimers:







All Prices based on cash sale with $5k non-refundable deposit to secure property. 

eIMPORTANT 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.

PICS:
https://www.dropbox.com/sh/r6j877len3fvlei/AAAUjZrXDqCjFP9jXyQN0pGKa?dl=0




Comps:



Estimated Budget:
Purchase Price 135000
Front side
Hard Mony loan  108000
Hard money down payment 27000
Interest hard money 
- 18% 6month term - 4 months 1620 6480
Closing costs 1500
Remodel 5
Insurance 700
APS/Water 700
Total cash invest 36385 36385
Total Frontside costs 144385
Backside
Estimated renovated sales price 195000
Realestate commission 0.05 9750
title fees 1500
total fees 11250 11250
total frontside costs 144385
Total Earnings 39365
ROI 1.081902





Wednesday, March 1, 2017

Wholesale Deal - 4819 W. Mountain View Road, Glendale AZ 85302 - 32%ROI

Wholesale Deal - 4819 W. Mountain View Road, Glendale AZ 85302

Pre foreclosure deal - 4 bed, 2 bath with a pool.  Pool was redone with Pebbletech in 2009.  1864 square feet.  Lot size is 7924.

Lease back in place until 4/28/17 with a $20k hold back until seller moves out.

Need set:  Carpet, paint, counters, clean

Wholesale Price:  $195k
Estimated rehab:  $20k
Estimated ARV:  $265k



See below for fun disclaimers, ESTIMATED budget, pics, and comps:

Fun disclaimers:





All Prices based on cash sale with $5k non-refundable deposit to secure property. 

eIMPORTANT 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.

PICS:
https://www.dropbox.com/sh/vd5uqrjwrv4ybo9/AACzOsPJKTw-Z6F44AeMKHu8a?dl=0

COMPS:

 Estimated Budget:
Purchase Price 195000
Front side
Hard Mony loan  156000
Hard money down payment 39000
Interest hard money 
- 18% 6month term - 4 months 2340 9360
Closing costs 1500
Remodel 20000
Insurance 700
APS/Water 700
Total cash invest 71260 71260
Total Frontside costs 227260
Backside
Estimated renovated sales price 265000
Realestate commission 0.05 13250
title fees 1500
total fees 14750 14750
total frontside costs 227260
Total Earnings 22990
ROI 0.322621