Florida Flip with a Twist

[Edward Hall]

Hey all,  See below for a deal I'm working.  We traded offer and counter several times and I I now have about 30 days to finalize due diligence and square away funding.  Any thoughts, comments, critiques etc are encouraged and requested.  On or off BP.

Thanks ahead of time, Bob

Address of your property:211 3rd Street, Bonita Springs, Collier County, FL 34134

Is this a short sale? REO? :No

Purchase Price:$455,000

Rehab scope/budget:$25,000

AS IS value:$550,000

ARV Value:$650,000

Exit strategy: Split the property, sell empty canal lot for >/= $300,000, rehab house and separate canal lot, rent out house for cashflow and sell for >/= $350,000,

How long do you need the money for (average, maximum):6-12 months

How much can you put down:$50,000 closing, renovation, and marketing costs.

How much loan do you need:$450,000

Target Closing date:16 March 2015

Any other relevant information:See below Investor Marketing information.