5/25/12 IMPORTANT ANNOUNCEMENT: MAJOR BP Update Next Week!

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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » Discounted Luxury Home - Reduced $1.7 mil

Discounted Luxury Home - Reduced $1.7 mil Subscribe to Discounted Luxury Home - Reduced $1.7 mil

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Mark Bubloski

Residential Real Estate Broker · Naples, Florida


Forum_avatar_avatar-cerengeti

Aug 18 '10, 03:54 AM

Exceptional investment opportunity - Brand new WATERFRONT estate home in exclusive SW FL location. Over 5,700 square feet of luxurious living space. Needs approx $100k to finish.

Bank asking $3.3 million..Value in the $5 million range

Email me at [EMAIL REMOVED}

Edited: 08/18/2010 at 04:10AM by Moderator


Rich Weese

Real Estate Investor · sioux falls, South Dakota


Forum_avatar_avatar-venomousviper

Donor

Aug 18 '10, 04:07 AM

Hi Mark, I'm in same area. I know of someone on BP that might have an interest in this. You need to post more info. Where are you getting your value from? Who has done the repairs quote? Chinese drywall clearance?
In most areas of this price home, you need to be 50% on acquisition. I attended a seminar this morning and the foreclosure rate in this price range is more than twice the average in comparison with other price ranges.
If Vikram is awake, he would have some thoughts on this. He has studied it quite a bit. Rich




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