West San Jose - Wholesale Opportunity! - 165k-203k PROFIT!!!

[Nathan B.]

WEST SAN JOSE - WHOLESALE OFFER!! - Los Gatos Almaden Road  - contact me -408-892-7484

Price to Purchase: $1,090,000

Net Profit: $165,581 ( IF you're a realtor 203k profit!!!)

ROI: 12.41%

ARV 1.5m

Very Clean home, well taken care of no trash, clutter,.

ONLY COSMETIC REHAB NEEDED!!- GREAT CONDITION!!

WILL GO FAST!

3 beds and 2 Full baths, Open Floor Plan

1233 SF of living space and 7000 SF lot with large backyard.

Amazing school district - very close to Alta Vista Elementary, Union Middle & Leigh High School (between 0.3 miles and 0.9 miles away)

15minutes to Apple and 20minutes to Googleplex

Highly appreciating area!

All estimates are conservative to include the following:

- 4 mo Hold Time

- 1st Lien: 75% at 10% + 2pts

- 2nd Lien: 15% at 12% + 0pts

- Buyer carry 10% plus float

- $3,000 in Buying Escrow Fees

- 5% Realtor Fee on back end sale

Price to Purchase: $1,090,000

Estimated Repair Cost: $96,000($80k + 20% Contingency)

ARV: $1,500,000

Net Profit: $165,581

ROI: 12.41%

Simply by listing yourself on the back end and reducing realtor commission from 5% to 2.5%…

Net Profit: $203,081

ROI: 15.66%

Important Notes:

- I signed a valid purchase and sale agreement with the seller of the property which allows me to assign my rights to purchase the property. I am not currently the owner of record of the property, so I am only selling the contract and my right to purchase the property.

- Close of Escrow planned for 9/20

- No deaths on property

Reason for Assignment: My funds are tied in other ongoing projects and I prefer to focus on those without spreading my bandwidth too thin.

Provide to Me:

- Proof of Funds

- Copy of Drivers License

Once Pre-Qualified I’ll Provide:

- Terms of Deal / Contract

- Property Card

- Repair Estimate

- Comparable Sales

- Pictures of the Property

Serious buyers only please! Great property with profit to be made. 

Contact me ASAP - 408 - 892- 7484 - Nathan