Updated over 9 years ago on . Most recent reply
Wholesaling Contract for SFR in Batavia IL. Buy/Hold Deal
Contract for large ranch home in desirable Lorlyn neighborhood of Batavia. Home only needs surfaces and appliances. That is it! No brainer rehab, just updates. Great candidate for buy and hold BRRRR strategy or even better as a house-hack. Rentometer has rent income at $2,300 monthly, Zillow has it a 2,200 a month. I've got it pegged at a 12% cash on cash return after financing, if you manage the rental yourself. Possible candidate for whole-tail? Have a broker license? Put this one on the market as-is for $285,000 and make a quick $10,000. I'm certain someone willing to put in the sweat equity and has a panache for inexpensive design will get this property to turn for much less than $10,000 in rehab. Roof is three years old, newer water heater, newer furnace, newer windows, sump with no water issues, huge unfinished basement, 80s built. Hell, I'm going to hold it if nobody takes it.
ALL CASH BUYERS ONLY!!! HOUSE CONTRACT SOLD AS IS. $5,000 non-refundable cash deposit to secure contract. I am letting this add run until Thursday June 30th, the end of June. All offers to be in by then. The closing is set for the July 12th. MY LAWYER WILL CLOSE TRANSACTION, NON-NEGOTIABLE. I've already secured funding to take on the project myself, so you had better be serious if you want this contract. I have a breakdown of the work that needs to be done in a PDF flyer, if interested.
Estimates of house value from the websites:
Z- 290
Red-340
Tru-287
Real-291
Want to be on a my buyers list? Looking to secure 12 or so solid buyers. I do not play games. I'm running a real business for the long term. Please follow the link below, fill out the form and I'll add you to the list. Let me know what types of properties you are interested in and any other pertinent buying criteria. Have a great rest of the week! Maybe you just found a nice rental?
http://www.bigredbuyshouses.com/
Want more pics? Check Craigslist posting...
https://chicago.craigslist.org/wcl/reo/5649856953.html