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
