All Forum Posts by: Raj Pat

Here is another one in Albany 15 mins of San Francisco

I have a deal in Albany CA (Off market coming up in 2 weeks) We own this property out right.. If you know anything about Albany it's one of the hottest towns in the East bay and close to SF. Schools are 10 out of 10! It's a wealthy old town. This property is located near downtown. There is not too many homes with this square footage! 

Current property specs: 

5/2 Bed & Bath

2800 sqft home lot size 5,000 - Zoned Duplex or SFR (Very rare)

We have plans and building permits in process to renovate the property. We added a legal in-unit within the square footage.

Purchase Price to be: $1,275,000

Renovation cost: $2300k to $265k (Seller has already paid $20k for permits and plans)

Resale value $1,850,000 to $2,000,000

Profits: Range

Commission at resale: If you need us to resell we can charge 1% on listing side and give 2.5% to buyers side this should save you money... If you need a private money loan we can fund up to 80% LTV at 9% 1pt and up to 60% on construction

Buyer to pay for transfer taxes, escrow and must purchase CASH, private money loan is fine. We have worked out a deal with our lender partners for the next buyer. Buyer must deposit $20k non refundable check. 12 to 15 day CLOSE. DM for more information, this is a home run deal for the right buyer!

Hello BP Family,

Here is another deal for you savvy investors/flippers/landlords

We have a property for wholesale in Berkeley CA. The property is off market and is located in a VERY desirable community in Berkeley CA

Purchase Price: $850k

Rehab: $40k to $50k

Resale Value: $1,050,000 to $1,100,000

EST Property Details: both units

  2Bedroom

1 Bathroom 

Rents: $3200 per unit

On a large lot one can expand and build 2 units on top of the building and or convert the garages into a 2/1 apartment.

Note: Property must be sold CASH, hard money is okay. We have escrow open, Buyer pays for title/escrow (transfer tax buyer pays) ... Property is subject to no contingencies and is SOLD AS IS. There is very limited showings for this property and we must close by next Friday. A $20,000 NON REFUNDABLE

EMD must be in escrow once into contract. There will be no reduction period. Looking for a seasoned investor/flipper. Buyer pays all fee's to escrow and transfer tax. Buyer must be able to close escrow within 7 days. Additional info available upon request. No dizzy chains and or lengthy whole-sellers.

DM for details.

Thank you

http://journal.firsttuesday.us/home-sales-volume-a...

Give me your insight on this guys!

Easy Chris LOL I am just writing what he is shopping for and no they're no in an LLC. I think it's very possible to find such rates and no point/no fee loans if you look hard enough. Always be optimistic in life my friend. Funny we had lunch the other day with a few agents we have purchased properties through. They all said "There is no more delays, it's impossible to find anything" 24 hours later my business partner locked in a 4plex for $585k which is worth $975k right now. Mindset, network, work hard and luck will come your way. Anyways here is one company that is pretty close:

http://sebonic.com/

However I think they're at 3.85% to 4%...... Send me over whom ever you have that might be a good outfit for this proposal if you do not mind. Thanks!

Hello, A buddy of mine needs to get 3 of his rental properties refi/cashout in the Bay Area. He's looking for a lender who will get him 3% to 3.65% no cost only title fees..... 

2 of the assets are a 4plex and one is a sfh with an inlaw unit. 

Thanks

Agree, I think certain communities, cities and or locations within a city will still thrive. The Bay Area has a TON of CASH, highly qualified buyers so it will be hard to see what happens. Long term we should be fine! 

Still on the market? Please DM us

Send us details.

Send me details we will buy

Please DM me property address and your phone number