Sunday, September 10, 2017

Celebrating FOOTBALL Sunday with 2 Amazing Wholesales ...

I know it's football Sunday ... however, here are two amazing WHOLESALE DEALS ...

Deal 1
102 S Riata drive Gilbert, AZ 85296
Single family home
Lindsay and Elliott

Price: $245k
ARV: $330k
3 bed/2 bath with a pool, 2012 sqft
1985, 9017 sqft lot
2 Car Garage, Pool already chipped out for resurfacing.

Comps:
• 103 E Smoketree Rd Sold @ $318,900 • 449 E Sage Brush St Sold @ $335k • 630 S Lanus Dr UBC @$325k

Deal 2

5100 N Miller Rd 3, Scottsdale AZ 85250
Townhouse
Miller & Chaparral

Price: $260k
ARV: $360k
2bd/2.5ba, 1,759 sqft
1975, 2,435 sqft lot
2 Car Garage, Community Pool

Comps:
• 7955 E Chaparral rd 96 Sold @ 365k • 7933 e Medlock Dr Sold @ 359k • 4931 n Woodmere Fairway 1004 Sold @ 420k • 7643 e Rancho Vista Dr UCB @ 375k

Call me for access. (623)237-2388

First contract and $5k non-refundable deposit to title wins.  Buyer to pay all closing costs.  GO!


See below for fun disclaimers:






Fun disclaimers:




All Prices based on cash sale with $5k 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 10-18% 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 cost

Friday, September 8, 2017

Wholesale Deal: 1613 W. Culver Street Phx, AZ 85057 - Projected 51% ROI and $90k+ earnings

Wholesale Deal:  1613 W. Culver Street Phx, AZ 85057 - Projected 44% ROI and $90k plus earnings

LOCATION, LOCATION, LOCATION ... Fantastic investment opportunity in the F.Q. Historic District.  3 bedroom, 2 bathroom, one car garage, with GUEST HOUSE or mother-in-law suite in back.  Lot is 6059 square feet, built in 1940, home is 1127 sq feet PLUS 240 sq foot GUEST HOUSE.  Total under roof is 1367.  Multi generational homes are in high demand across the Valley.  Close to all the revitalization efforts, choice dining, downtown night life, freeway access, Banner - University Medical Center Phoenix, Chase Field, and much more.  Two solid options for this property.

Option 1:  Keep same square footage, keep cabinets, change floors, counters, paint inside/outside, upgrade bathrooms, landscape

Options 2:  Bump the square footage by 200-300 square feet, add another master suite, complete modern features, floors, cabinets, upgrade kitchen, upgrade bathrooms.

Wholesale Price:  $250k
Estimated Rehab Option 1:  $30k
Estimated ARV Option 1:  $350k

Estimated Rehab Option 2:  $120k
Estimated ARV Option 2:  $500k

First contract and $5k non-refundable deposit to title wins.  Buyer to pay all closing costs.  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. 

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 10-18% 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 cost


Link to pics:
https://www.dropbox.com/sh/3m76kmhkxgv3uwc/AABxjUDfUrcB7vxPNNUgDNcfa?dl=0

Comps:



OPTION 1 Estimated Budget:

Purchase Price 250000
Front side
Hard Mony loan  200000
Hard money down payment 50000
Interest hard money 
10% 6month term - 4 months 2000 8000
Closing costs 1500
Remodel 30000
Insurance 700
APS/Water 700
Total cash invest 90900 90900
Total Frontside costs 290900
Backside
Estimated renovated sales price 350000
Realestate commission 0.05 17500
title fees 1500
total fees 19000 19000
total frontside costs 290900
Total Earnings 40100
ROI 0.441144

OPTION 2 Estimated budget:

Purchase Price 250000
Front side
Hard Mony loan  200000
Hard money down payment 50000
Interest hard money 
10% 6month term - 4 months 2000 8000
Closing costs 1500
Remodel 120000
Insurance 700
APS/Water 700
Total cash invest 180900 180900
Total Frontside costs 380900
Backside
Estimated renovated sales price 500000
Realestate commission 0.05 25000
title fees 1500
total fees 26500 26500
total frontside costs 380900
Total Earnings 92600
ROI 0.511885

Wednesday, August 30, 2017

Wholesale Deal - 1231 W Orchid Phoenix, AZ 85021 - Projected 87% ROI

Wholesale Deal - 1231 W Orchid Phoenix, AZ 85021 - Projected 87% ROI

Wow!  What a great find near Royal Palm Park.  Central corridor near 7th Ave and Dunlap.  Home was build in 1959 and is 1954 square feet with 296 square foot guest house and a diving pool.  Lot size is 17,093.  Homes are selling in 30-60 days.

Need set:  Updating, convert carport to garage, resurface pool

Wholesale Price:     $380,000
Estimated Budget:  $50K
Estimated ARV:      $600,000


First contract and $5k non-refundable deposit to title wins.  Buyer to pay all closing costs.  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. 

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 10-18% 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.

Link to pics:
https://www.dropbox.com/sh/ktvsblvas5bifkg/AAAmHIFRhWiqz3TFZZ5vqAVka?dl=0

Comps:

Estimated Budget:
Purchase Price 380000
Front side
Hard Mony loan  304000
Hard money down payment 76000
Interest hard money 
10% 6month term - 4 months 3040 12160
Closing costs 1500
Remodel 50000
Insurance 700
APS/Water 700
Total cash invest 141060 141060
Total Frontside costs 445060
Backside
Estimated renovated sales price 600000
Realestate commission 0.05 30000
title fees 1500
total fees 31500 31500
total frontside costs 445060
Total Earnings 123440
ROI 0.875089

Tuesday, August 22, 2017

Wholesale deal - 1705 N. Center Street, Mesa AZ 85201 - MULTI FAMILY Estimated 14.7% CAP, 19% ROI

Wholesale deal - 1705 N. Center Street, Mesa AZ 85201 - MULTI FAMILY Estimated 14.7% CAP, 19% ROI

Close to Mesa Convention Center, downtown Mesa, Mesa Community College, and Banner Desert Medical Center.  Nice rent district.  Sales are averaging less than 30 days on market.

Maricopa Assessor Parcel #136-23-157.
Zoned Multi family, high density = up to 2,499 square feet.  Lot is .24 acres, 10,400 square feet.  Lot dimensions are 65 x 160.  Can build up to four units.  Average rent is between $600-800/unit depending on finishes.

Need set:  Construct up to 4 units on property.  2 bedrooms, 1 bath, approximately 700 sq feet with covered parking.

Wholesale price:  $64,557
Estimated build price:  $195k
Estimated CAP:  14.7%
Estimated ARV:  $325k


First contract and $5k non-refundable deposit to title wins.  Buyer to pay all closing costs.  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. 

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 10-18% 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.

COMPS:



Estimated Budget:
Purchase Price 64900
Front side
Hard Mony loan  51920
Hard money down payment 12980
Interest hard money 
10% 6month term - 4 months 519.2 2076.8
Closing costs 1500
Remodel 195000
Insurance 700
APS/Water 700
Total cash invest 212956.8 212956.8
Total Frontside costs 264876.8
Backside
Estimated renovated sales price 325000
Realestate commission 0.05 16250
title fees 1500
total fees 17750 17750
total frontside costs 264876.8
Total Earnings 42373.2
ROI 0.198976

Thursday, August 10, 2017

Short Sale Opportunity - 35513 N 30TH LN, Phoenix, AZ 85086 estimated ROI 74%

Short Sale Opportunity - 35513 N 30TH LN, Phoenix, AZ 85086 estimated ROI 74%

LET'S MAKE AN OFFER TODAY:)  What would you offer to make this deal work for you?  It's a short sale ... you can offer well under list price.

Full disclosure - I am the listing agent.

Description:  Fantastic, well kept, CLEAN property in Tramonto.  Built in 2002, 4 bedroom, 2.5 bathroom, 3 car garage, 3057 sq feet, community pool, on a 6050 sq foot lot.  Close to freeway access and all the fun and excitement Carefree and North Phx has to offer. Open and airy with a very private back yard and mountain views. Home boasts NEW Trane AC and air handler, shade screens, new carpet and padding, upgraded cabinets, soaring 20' ceilings, granite counters, fresh paint inside and out, STORAGE areas, AMP panel, security system, downstairs Master suite, upgraded lights and fan package, walk-in closets in the secondary bedrooms, remodeled upstairs bathroom, media wall, custom hand rail, 3 car garage, and more. HOA includes - tennis courts, showers, lockers, heated pool, basketball, volleyball and more.

Need set:  
Option 1:  Master bedroom floor is painted concrete.  Needs carpet.  A few of the bedrooms are missing window treatments.  May need microwave and range.  Roughly $3k in work.  

Option 2:  All of Option 1 plus updating the two bathrooms.  Remove marble surrounds and counter tops.  Replace surrounds with modern tile and 1/2" shower glass.  Add quartz to kitchen and bathroom counters.  Roughly $15k in work.  

Current Market Value:  $350,000.  Already discounted $30k because of the short sale status.  What would you offer to make this deal work for you?  It's a short sale ... you can offer well under the list price.
Estimated ARV:  With Option 1 - $350,000.  With Option 2 $373,000.


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

Fun disclaimers:






COMPS/CMA:


Link to 35513 N. 30th Lane, Phx, AZ 85086 and comparable properties:  
http://bit.ly/2vSxPeS

Pics:


For more pics go to this link:
http://bit.ly/2vSxPeS

Estimated Budget:
Purchase Price 262500
Front side
Hard Mony loan  210000
Hard money down payment 52500
Interest hard money 
10% 6month term - 4 months 2100 8400
Closing costs 1500
Remodel 18000
Insurance 700
APS/Water 700
Total cash invest 81800 81800
Total Frontside costs 291800
Backside
Estimated renovated sales price 373000
Realestate commission 0.05 18650
title fees 1500
total fees 20150 20150
total frontside costs 291800
Total Earnings 61050
ROI 0.746333