I am looking for the following:
Looking for new construction or pre-construction houses in " positive growth" , metropolitan areas. Single family, 15% toward costs or discount. Values between $125k and $175k.
Anybody got anything?
raider
I am looking for the following:
Looking for new construction or pre-construction houses in " positive growth" , metropolitan areas. Single family, 15% toward costs or discount. Values between $125k and $175k.
Anybody got anything?
raider
Hello, my name is Jon Linville and I am a licensed real estate sales associate in SW Florida. I work for Florida Pre-Construction Brokers LLC and have some good deals for the beging and seasoned investor. These deal are limited and are moving fast. I have Pre-Construction Duplexes I can get you into with only 1500.00 and a 680 or better credit score. The price of the duplex is 208000.00, with closing costs and construction interest rolled into the loan you will be financing around 225,000.00. The area where they are going is getting appraisels between 250k and 260k.
My company is a coraspondant lender as well as a property management firm. For more details please contact Jon Linville
Thank You Very Much for Your Time.
I am a Mortgage Broker and I own a Mortgage Company with two branches that specialize in Non Owner Investment, Construction and Pre Construction Investment Mortgages. shield mortgage
Since I have taken this route, I have met many Real Estate investors and many investment groups.
One of the groups I am working with has a Realtor that locates lots and coordinates the building of homes for investors in Pahrump NV. We are financing these investors to buy the land and build the home with no cash out of pocket and no payments during construction. The Realtor that finds the lot is also selling the home after construction. These investors are making $20- $30k a piece with only their $5k reservation fee. (in 5 months)
The Group that I wrote this posting about is a large development group based out of Kirkland WA that has building projects in resort areas all over the Northwest; Bend OR., Kellogg ID., Roslyn WA., and many more. They buy very large parcels of land, subdivide it and then build homes. Since they buy the land in such large lots they get the land for around 50cents on the dollar. The 30% return for the investor is already made with the purchase of the land way before the homes are built and sold. There is so much money in this type of project, 30% return on money invested is very easy to guarantee.
They are pros at what they do and there is ALOT of profit in these types of projects, as you all know. There is great profit but there is also alot of room for error. So any " real estate investor" should not attempt to do projects of this magnitude.
They are offering to let investors invest their capital into their projects and are guaranteeing 30% return on money invested.
The type of investor that would be interested in this program would be a Doctor or some other Professional that would like to have their 100k be 130k next year, not the standard real estate investor that is looking for larger returns with leverage.
The Pahrump (2nd fastest growing town in the US under 100k) deal is geared more towards the investor that wants to be more involved with the project and requires less cash investment. A 680 score pretty much qualifies a borrower for this program...
Possibly on the way west end of the Phoenix area. Lots of building going on there.
This is the fastest growing town in the US with less than 100,000 people.
60 miles from Vegas.
We have a builder/realtor and the financing already in place.
You need to have a 680 score. Each investor can do no more than 2 at a time.
VERY little money down. 20k to 30k net return in 5 months.
I have no problem finding the kind of transactions you're looking for. Here's the results of a quick 15min. search.
Hi Raider,
I build houses in the Antelope Valley which is in Los Angeles County, Northeast of LA. Currently I have 5 great entry level houses that I need to get rid of ASAP. Construction will be completed in less than 2 weeks.
I will sell them at 85% of appraised value to get them off my books fast. They are appraised at $310,000 each and I will sell them at $263,500. They are 3 bedrooms and 2 bathrooms with all the upgrades including: granite countertops in the kitchen and baths, 18x18 tile flooring, nine-foot ceilings, premium carpet, master suite, indoor laundry, automatic sprinklers and fully landscaped front yards.
Please email me and I will send you pictures.
Thanks,
Amanda
I know a project where investors are building homes with no money down on the coast of GA and they are sold before construction is complete. All builders, land, financing, back end sale, etc...are all in place.
Investors are building the homes for 510k and they will be sold before completion for 600k. 6% selling commission (36k) is taken from the profits leaving investor with $55,000 net profit.
I have deals in these area 2 years of incentives will pay 4% to licensed agent bring investors or foreign national investors. please respond
hello, i have preconstruction single family (only 18) surrounded by 200k to 1million + homes and well over 4million sq/ft of new retail. very close to major north/south and east/west corridors. very close to airport. comps on the conservative side are 212k. i would sell preconstruction at 180,500k
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Branson is hot. I am from Springfield and live in Gilbert, AZ. I have a couple of my investors looking into commercial deals out there. Look at how fast the condos sold on the new downtown waterfront. 8 million tourist a year. There is a huge need for housing.
Raider-
You might be wise to consider one or more Dolphin Homes in Mobile, Alabama. Mobile's economy is cooking, and is set to keep growing thanks to the aggressive buisness attitude of our state and local politicians. These houses in West Mobile are being snatched up by investors.
1387 s/f, 9 foot ceilings, great floorplan, double vanity master bath for just 149,900. They are priced at $107 per square foot.
If you email me i'll send you links to our craigslist ad and our website that will give you more information and photos.
Builder is paying closing costs, if you are paying in cash that gives us all more room to work with.
Thanks, Jordan
If you have any questions feel free to call me
I have 3 new construction homes for sale.
All in the Indianapolis, IN area.
Appraised value: 950K, selling for 820K
Appraised value: 660K, selling for 560K
Appraised value: 600K, selling for 500K. have a rent to own tenant ready to move into and he has 10K to put down. Refi to purchase in 2 years for 550K.
I've got new construction within your parameters in NW Florida. Our area is the beneficiary of the huge government BRAC program, bringing over 4000 new military jobs (along with countless defense contractor employees) to town in the next year.
Drop me a PM if you'd like more information.
Wes