Updated almost 11 years ago on .
California - Carmichael Flip- 310k Acq, 55k Rehab, 455k Resale
Here is information on a wholesale flip on San Marque Cir in Carmichael CA.
Possible 95% Acquisition funding for experienced flippers.We've run multiple CMAs and looked at historical prices on San Marque Cir as well. Last home that was sold on San Marque that was similar to this property went for $419 in 2009, and it was over 500 sqft smaller than 4984. Comps are strong in the area with multiple over $450k.
This property was listed, but I do have it under contract. The transaction will be clean as it is a double close - an assignment would not work with the title agent that the seller preferred.
4984 San Marque, Carmichael
Current 6 bedroom, 3 bath, 2,849 sqft
Suggested 4 bedroom plus office, 3 bath (open bottom room to expand living room and kitchen).
Purchase Price: $310,000 (Seller covers closing)
Conservative ARV: $455,000
Rehab Costs
- 45-50k Standard
- 65-70k Gingerbread
http://tinyurl.com/sanmarqueinfo
In the above link you'll find:
- CMAs & Realist Reports
- 3 Up Comparison
- Map Report
- Contractor Bid
- Prelim Title Report
- Wire Instructions for Escrow
Link to inspection reports, including the pest, home, and roof:
http://tinyurl.com/sminspections
To hold:
EMD of $10,000.
Escrow has been opened at Stewart Title in Sacramento with Debbie Owens.
Wiring instructions in the first link.
Email offer to [email protected]
Quick Close preferred.
Contact Information for deal:
Tapan Trivedi
(916) 512-6600
(916) 919-8172 fax
[email protected]