Hello DG Family! OK, here is an opportunity RIGHT NOW to make $5,000! All you have to do is bring in a high end buyer that pays the assignment fee on this one. I challenge you to do this; this is a great opportunity to knock it out of the ballpark!
69% of ARV in HOT BEACH CITY IN SOUTH BAY OF CA??? NOT HEARD OF!!!
Custom homes, many variety of comps.
Comps range from outdated to upgraded to high end.
5/2 (and uncounted bathroom in garage) 2613 square feet (APPRAISER MEASUREMENT)
UPGRADES AND REARRANGING THE FLOOR PLAN: $85K (only repairs are termiting and termite damage)
**OR** $115K to add square footage over garage (existing structure; adding living area,
which increases ARV dramatically)
HIGH END UPGRADE WILL YIELD PRICE OF $1.125M verified by appraiser and realtors!
IDEA: ****Presell during update to have buyer choose their finishings
Gross profit: $255K
6 months holding costs: (taxes, insurance, utilities, permits, inspections): $21k
Realtor 4% (I have them if you need them): $45,000
Closing Costs (front, back and seller’s): $12,000
NET PROFIT WITH REALTOR: 177K (this is for NO ADDED SQUARE FEET ABOVE GARAGE)
Take advantage of this deal, remove the existing walls and rearrange to make an open and modern dream home for someone.
*****This city is smoking hot right now.*****
UNDER CONTRACT AND READY TO ASSIGN.
IF THIS DEAL’S NOT FOR YOU, I PAY $5K finder’s fee (at this price)
SELLER IS GOING THROUGH FAMILY ISSUES AND DON’T WANT ANYONE THERE WITHOUT US. CAN BE SHOWN BY APPOINTMENT AT MOST ANY TIME; WE HAVE THE KEY.
COMPS (both driven and checking pictures of)available:
HIGH END $/SQ FT= $434/SQ FOOT
(NOT INCLUDING ‘FOR SALE’ OR NEW HOME)!
FLOORPLAN MUST BE OPENED FOR THIS $/SQ FT & IS WHAT THE $85K IS FOR.
PLEASE KEEP THIS THREAD BUMPED (just post to it )
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