All Forum Posts by: Rafael Cortez

1811 W Pima St, Phoenix AZ 85007

House Must Go! Tenants are in place at $760 per month. listed at 88K on the MLS. Cash price net to seller $69,000.00. Home was rehabbed 1 year ago and rented.

Follow the MLS link below for full info.

http://www.flexmls.com/link.html?15815g6cs955,12,1

Rafael Cortez
480 336 2704
[email protected]
www.prosperaivestments.com

Wholesale deal in Phoenix Az, Comps are 335K. Property is currently listed at 309K but I can get you in at 245K net to seller. it was vandalized and estimated rehab cost is between 15 and 20K 

Follow the MLS link below for full info... (No realtor fees in case you're wondering).

http://www.flexmls.com/link.html?15815f8pzm8d,12,1">Click

Link to Comps

http://1drv.ms/1MAKlOe

Rafael Cortez
480 336 2704
[email protected]
www.prosperainvestments.com

Thanks for reaching out. What do you have for multi-family?

-Rafael

Hello Guys,

I have a commercial property lined up for wholesale but I need to confirm the ARV. I have an Idea but I want to double check my numbers. I'm in Phoenix AZ and I have been seeing more commercial deals come up, I need to add a new Commercial Realtor to my power team the one I have right now has proven unreliable...

Please feel free to email me at [email protected]

Thanks!

Hello Guys, I got a zombie here, there is another price reduction on this Scottsdale 1 acre ranch property..

----------------------------

3rd PRICE DROP!! PROPERTY MUST GO!

Horse Property in the heart of Scottsdale: Offered as Wholesale

6120 E Shea Blvd, Scottsdale AZ 85254

(For additional Information Click on the property image)

Wholesale Price Reduced!: $417,000.00

$358,000.00

EST Rehab: $30,000.00
ARV: $500,000.00 +

Lot Size: 37,462 Sq. Ft. (.86 Acres)
Sq. Ft: 1500+
3 Bed 3 bath

Amazing Location!! Investor opportunity in the Heart of North Scottsdale! .86 Acre corner lot, horse privilege property with frontage on Shea Blvd (and access from both Shea AND 61St). Purchase Price reduced to $358,000.00 - Already $140k in equity, est 30K rehab. Or capitalize adding square footage on the existing floor and flip for 690k like the property next door. Current estimated ARV $525,000.00! Zone RE-35 (allows for guesthouse and group home development). This is a great opportunity for a fix & Flip investor looking for a quick turnaround. Needs work but has loads of potential, roof is in excellent condition, A /C works great, tile floor and all the advantages of a property with horse privilege, Phoenix taxes with Scottsdale address... LOWEST PRICE IN THE AREA BY OVER 100K ... Private access from Shea Blvd AND 61st St. Property is being sold "AS IS". Call us for additional information and access to the property.

THIS PROPERTY NEEDS TO MOVE, NO REASONABLE OFFERS WILL BE IGNORED..

Estimated ARV

Given the size of the structure and the properties around the area there are no exact comps the closest similar properties found according my realtor and my appraiser begin at around 2300 Sqft (with the exception of 1), we could only come up with 1 property with similar square footage which happens to be across the street and also needs rehab currently listed for 474K. We estimated value according to previously sold and recently sold properties within a .5 mile radius, also taking in consideration the size of the lots, location and recent upgrades. The estimated ARV for 6120 E Shea is at around $520,000.00 based on the following Properties.

Previously sold (longer than 6 months)

6408 E Clinton St, Scottsdale AZ: Sold for $625,000.00
Sqft: 2368 – 3B/2B - .8 Acres

6115 E Mescal St, Scottsdale AZ: Sold for $755,000.00
Sqft: 2839 – 5B/3B - .9 Acres

6119 E Gold Dust Ave, Scottsdale AZ: Sold for $625,000.00
Sqft: 2463 – 4B/3B - .79 Acres

Recently Sold (Within the last 6 Months)

6522 E Gary Rd Scottsdale AZ: Sold on 08/14/2014 for $529,000.00
Sqft: 2400 – 3B/2B - .79 Acres

6521 E Gary Rd, Scottsdale AZ: Sold on 05/23/2014 for $593,000.00
Sqft: 2400 – 5B/4B - .79 Acres

Currently Listed for Sale

6134 E Shea Blvd, Scottsdale AZ: Listed for $474,000.00
Sqft: 1350 – 3B/2B - .82 Acres
Needs Rehab and Perimeter Wall.

6220 E Clinton St Scottsdale AZ: Listed for $630,000.00
Sqft: 2585 – 4B/2B - .99 Acres

TERMS:

* PRICE IS NET TO SELLER, BUYER TO COVER ALL CLOSING COSTS.
* REALTORS ADD YOUR FEE.
* NON-REFUNDABLE SECURITY DEPOSIT OF $2,500.00 REQUIRED TO SECURE THE PROPERTY.

FOR ACCESS TO THE PROPERTY PLEASE CALL RAFAEL: 480 336 2704- [email protected]

www.prosperawholesale.com

Download Contract Package

Submit an offer via e-mail at: [email protected]

FOR ACCESS TO ANY OF THE PROPERTIES PLEASE CALL: Rafael Cortez - 480 336 2704 - [email protected]

I've been investing on my personal portfolio and doing wholesale deals for a while, but I've always sourced my properties so I do not work much on the co-wholesale side. What is the best way to go about co-wholesaling? normally verbal agreements are common but trying to move a property when there is no real vested interest and pinky promises are not exactly part of my professional protocol .. any enlightenment would be appreciated.

Thanks

Rafael Cortez

HUGE PRICE DROP AND SELLER CARRY ON INVESTOR SPECIAL!

Horse property (.85 acres) New Purchase Price 385K - ARV 525K in the heart of Scottsdale AZ. Estimated rehab, about 30K - Seller financing available at 6% apr with 20% down.

Please visit www.prosperawholesale.com for the details.

Rafael Cortez
Prospera Investments LLC
www.prosperawholesale.com
[email protected]
Direct: 480 336 2704

Thank you Dick,

I've never used the "Address Service Requested" note on my mailings. I'll implement and keep you posted.

-Rafael-

Hello,

What are my options when I come across a vacant property and in public records the owner's mailing address is the same as the vacant property. Something tells me that these are good opportunities but how do I find the owners in this case?

Thanks Guys!

Thank you all for your contributions..

-Rafael-