All Forum Posts by: Kyle Stines

Stay updated with Preliminary Title Report and Home Inspection Report by Checking here:
https://drive.google.com/drive/folders/1qCo2UiIjHnEMbu099NHSvzOUvzFaqqHK?usp=sharing

Newberry Springs, Ca Investment Opportunity

WHOLESALE PRICE: $115,000.00

CURRENT MARKET VALUE: $160,000

Don’t miss out on this deal! The subject property is a single family residence that can be your next rental or a quick flip. The home sits on 10 acres and has a lot of privacy and a fenced yard. A bonus is that it’s down the street from Newberry Elementary School making the home part of the Silver Valley District one of the best districts in the county. SUBJECT PROPERTY INFORMATION:

3 bedrooms and 2 bathrooms

1,540 Sq. Ft.

10.05 acres lot

Built in 1996

Price: $115,000Price per Sq. Ft: $74.00

RECENT COMPARABLE SALES

C1- 46000 Siesta Ln, Newberry Springs, CA 92365

$155,000 6/30/16

3/2 2,000 Sq Ft

4.99 Acres

Price per Sq Ft. $76

C2- 30661 Jasper Rd. Newberry Springs, CA 92365

$140,000 8/27/17

1/1 1,416 Sq Ft

5 acres

Price per Sq Ft. $98

Days on market 90 days

C3- 30819 Athol Ln Newberry Springs, CA 92365

$161,500 8/11/17

4/2 2,306 Sq Ft

2.4 acres

Price per Sq Ft $70

Days on Market - unknown

C4- 32353 Harvard Rd Newberry Springs, CA 92365

$175,000 7/27/17

3/1.5 1,924

20 acres

Price per Sq Ft $90

Days on market- unknown

POTENTIAL MONTHLY INCOME- $1,100

CONDITION:

Pictures are available here:

https://drive.google.com/drive/folders/1ejE75DKk4z5qhXZNAKT5N5wGWF93R114?usp=sharing

Inspection: Home inspection completed. Waiting on report.

TERMS:

Property is being sold in “As Is” condition.Buyer pays all closing costs.In order to get this deal, you must follow these steps:1) Review information and run your numbers to make sure this deal make sense to you.2) Attend inspection if desired on DATE TBD3) Open escrow on or by 1/26/18 with $5,000.00 earnest money.4) Buyer must be able to close by 2/9/18.

Contact us if you’re interested in this property.

MyNextREI.com

Satellite View

Map View

Redfin

Zillow

Trulia

LOB Coatimundi, LLC DBA OfferOnMyHome.com is a principal party in a valid and assignable Purchase and Sales Agreement which allows LOB Coatimundi, LLC DBA OfferOnMyHome.com to purchase a home in Newberry Springs, CA. The decision has been made to offer this Purchase and Sales Agreement to another investor to allow you the opportunity to buy this home.

If you're interested in acquiring this Purchase and Sales Agreement, please contact us right away.

Not for public distribution. Private communication only.

The complete address of the property, an inspection report, a copy of the executed contract, and pictures of the subject property are available on specific request.

 PROPERTY INFORMATION:**

RARE OPPORTUNITY to bring in monthly cash flow from this desert oasis. It’s a SMOKIN HOT Airbnb opportunity or fix and flip. Surrounded by boulders, wild flowers and Joshua Trees--in the most beautiful section of Gamma Gulch
– 2 story cabin 
– 1300 Sq Ft home.
– 2 bed rooms and 1 bath

• -5 acres

REHAB INFORMATION:

70k-90K

Purchase Price: $160,000

*** Pioneertown is an old west town build in the early forties for filming of movies and TV serials. Visitors can experience Main Street, with a variety of restaurants, shops, and live Western entertainment. Pioneertown is a popular vacation destination for artists, hikers, biologist, couples and retirees.

ARV Comp 1-

51222 Gamma Gulch Rd, Pioneertown, CA 92268

2 bedroom/ 2 bath 1,000 sqft 5 acres

Sold on 5/22/17 for $545,000

$541.00 SQFT

Days on market: 1 week

ARV Comp #2

51535 Jalmar Rd, Pioneertown, CA 92268

1 bedroom/1 bath 624 sqft 5 acres

Sold on 11/21/16 for $360,000.00

$577.00 SQFT

Days of Market: Unknown

ARV Comp #3

53075 Boulder View Dr, Pioneertown, CA 92268

2 bedroom/ 2 bath 1,020 sqft

Sold on 3/22/17 for $470,000.00

Days on Market: unknown

ARV Comp #4

50650 Gamma Gulch Rd, Pioneertown, CA 92268

Studio 5 acres

Sold on 8/21/15

$474,900.00

Airbnb:

POTIENTIAL MONTHLY INCOME- $2,700.00

Estimate based on 50% occupancy, booking prices of listings with a similar location, season, listing type, and guest capacity. How much you actually make may vary with your pricing, type and location of your listing, actual occupancy rate, season, demand and other factors. Your local laws may also impact your actual earnings.

Serious Cash Buyers needed to make this deal happen.  

Current Market Value = $3.3Mil to $3.9Mil              Redfin = $3.9Mil             Tax Assessed = $5Mil

Repairs $0

Purchase Price $2,640,000

This home will be the most affordable option in elite community.  All you have to do is cash out the seller and list it on the market.

Gilbert Gomez did you ever figure out that list? I am in the same situation currently.

Did you ever get that list? I am dealing with same situation now. 

Real Estate Investors Las Cruces

Facebook Group: Real Estate Investors Las Cruces

They've had 2 meetings so far and the next one will be July 7th, 2016.

@Heather Beard and her husband are the organizers I believe. 

I just found out about the group tonight and am looking forward to attending the next meeting.

Congratulations on your first lead from your marketing direct mail campaign.  How Exciting!

A search for "Las Cruces" displays 88 members located here.  I think that's enough to arrange a meetup and network.  What do you think? We plan on getting started at the end of the year when we will be debt free and have more disposable income for marketing.  If no one plans a meetup or starts a club soon then we will probably arrange something.

@Elizabeth C.

Thank You! Did you use zero down payment with the properties obtained with VA loan program? If so, does the rent income cover the payments or create some cash flow? I know it depends on my area and the deals, but just curious about your experience.