Napa Valley Investment Opportunity... Residential Monster

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Napa Valley Investment Opportunity... Residential Monster

Aaron Forness
Santa Rosa, CA · Member since 2015 · 19 posts · 3 votes

I'm working with a homeowner in the Napa Valley, he is eager to sell and I am eager to flip this thing.

General info:

It's a niche property in a niche area of the Valley, up in Angwin. The Estate values around $4.25M sitting on 15.2 acres with 5,200 SQFT, and it is absolutely stunning. Immaculate. My business partner and I have gotten it for a good price, but with that sort of price tag my partner and I are having a hard time with it. We don't know this area the best, holding costs could plummet our profits within a few months, and finding the right buyer seems to be a challenge as well. 

If anyone invests in this Realm I would love to hear from you, get your feedback, and possibly work with you. If you have any tips or ideas that could help, I'm open to listening. Message, me for more info!

Thank You!

- Aaron K. Forness

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  • Michael Plante
    Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
    9y
    Originally posted by @Aaron Forness:

    I'm working with a homeowner in the Napa Valley, he is eager to sell and I am eager to flip this thing.

    General info:

    It's a niche property in a niche area of the Valley, up in Angwin. The Estate values around $4.25M sitting on 15.2 acres with 5,200 SQFT, and it is absolutely stunning. Immaculate. My business partner and I have gotten it for a good price, but with that sort of price tag my partner and I are having a hard time with it. We don't know this area the best, holding costs could plummet our profits within a few months, and finding the right buyer seems to be a challenge as well. 

    If anyone invests in this Realm I would love to hear from you, get your feedback, and possibly work with you. If you have any tips or ideas that could help, I'm open to listening. Message, me for more info!

    Thank You!

    - Aaron K. Forness

     What do you mean when you say your having a hard time with it?

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    these properties sell but usually take some time.. Angwin is not the real hot spot in the valley for executive type homes.. although as you know many ( like 75 to 100) multi million dollar homes burnt down.. 25 or more were friends of mine..  but I don't see any of them running up to Angwin to buy.. I suspect the seller also had a hard time thats why a wholesaler even has a shot at this.. 

    Good luck with it though.. Best bet for seller is to list with a top broker.. who sells estate properties. 

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  • Aaron Forness
    OP
    Santa Rosa, CA · Member since 2015 · 19 posts · 3 votes
    9y

    Thank you @Jay Hinrichs You couldn't be more right. Specific location for a specific buyer. He's had it listed with a broker for over 99 days, which is why he's now responding to me. Many of the brokers I have contacted have not even heard of the area he is in. Granted it's a gorgeous area with a lot to offer, but only a 14 home community with Estates that rarely get listed to sell. Thank you for your input!

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  • Ryan Heywood
    St. Helena, CA · Member since 2016 · 147 posts · 59 votes
    7y

    @Aaron Forness how did this work out for you? I grew up in Angwin, its a weird microcosm in the Napa Valley. Was this out in La Hota?   

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