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17
Posts
7
Votes
Nathan B.
7
Votes |
17
Posts

Great Wholesale Opportunity Sunnyvale!! 3.5miles from Apple!

Nathan B.
Posted

SUNNYVALE WHOLESALE OFFER!!

150k+ Profit

1.75m ARV

Cosmetic rehab only!

Trustee Sale home in Heritage District. Seller is the Trust Executor of the parent’s home. Owned Free and Clear! Immaculate condition, hardwood floors, no visible damage, just needs updating!

3 bed / 1 bath 979 SF Single Family Home in Sunnyvale 94086 with recommended conversion to 3 bed / 2 bath plus converting 200 SF covered patio to livable square footage for total of 1180 SF.

Oversized garage with Laundry room and workshop space for Dad!

Only 3.5 miles from new Apple Park campus and 7 Miles to the GooglePlex!

Highly appreciating area!

All estimates are conservative to include the following (we don't wholesale unless the numbers make sense and there's a significant profit for other investors):

- 4 mo Hold Time

- 1st Lien: 75% at 10% + 2pts

- 2nd Lien: 15% at 12% + 0pts

- Buyer carry 10% plus float

- $3,000 in Buying Escrow Fees

- 5% Realtor Fee on back end sale

Price to Purchase: $1,319,000

Estimated Repair Cost: $108,000($90k + 20% Contingency)

ARV: $1,750,000

Net Profit: $150,237

ROI: 9.39%

Simply by listing yourself on the back end and reducing realtor commission from 5% to 2.5%…

Net Profit: $193,987

ROI: 12.47%

Important Notes:

- I signed a valid purchase and sale agreement with the seller of the property which allows me to assign my rights to purchase the property. I am not currently the owner of record of the property, so I am only selling the contract and my right to purchase the property.

- Close of Escrow planned for 9/13

- No deaths on property

Reason for Assignment: My funds are tied in other ongoing projects and I prefer to focus on those without spreading my bandwidth too thin.

Provide to Me:

- Proof of Funds

- Copy of Drivers License

Once Pre-Qualified I’ll Provide:

- Terms of Deal / Contract

- Property Card

- Repair Estimate

- Comparable Sales

- Pictures of the Property

Serious buyers only please! Great property with profit to be made. Contact me ASAP.

Nathan - 408-892-7484

Offering