San Jose Wholesale Deal! 180k profit!
San Jose WHOLESALE OFFER!!!
Total price to Purchase: $690,000 (including assignment fee)
Net Profit: $182,000
ARV $1,100,000
Rehab 130k
2 beds and 1 Full baths - Update to 3 Bedrooms - Has a 3rd bedroom that just needs a closet!
1200 SF of living space
Japan Town Neighborhood
- 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
- 4.5% Realtor Fee on back end sale
Price to Purchase: $690,000
Estimated Repair Cost: $130k
ARV: $1,100,000
Profit: $182,000
CONTACT ME : 408-892-7484
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.