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For Sale 2 REO-SFH-$285K-Pays 50% ROI-6 Months SoCa
Posted by: Craig Rhodes on 8/8/2010 10:22:13 PM
Funding Available:
$250k - $500k 		Category:
Real Estate / Construction 		Website :
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Location :
Los Angeles, California, USA 		Viewed : 470 times
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Description:
For Sale 2 REO-SFH-$285K-Pays 50% ROI-6 Months SoCa

I Am The Financial Marketing Agent For A Local SoCa Property Developer...

The Developer Has Option To Acquire 2 New ( 2008 ) Semi-Finished ( 80% ) Bank Owned Homes , 15 Minutes From Downtown Los Angeles..Each House 2,300 S/F - 3B-2.5B With Hilltop Views.

Developer Is Seeking Investment Renovation Capital Of.. $285,000 For 6 Months And Is Offering To Pay The Investor ... 50% ROI... Preferred Return On Capital .

New Bank Loan Buy REO SFH And Renovate........$515,000
Investor Cash -Renovation Completion Budget... $285,000

REO Purchase Price $225,000 Each House X 2......$450,000
Renovation Completion Budget:$175,000 X 2.......... $350,000

Total Cost Per House $400,000 / Current Market Price $549,000

Gross Profit Per House $132,530 X 2 = $265,060.

Investor Estimated ROI… $142,500 = 50% Paid Off 6 Months

Total Cost To Acquire & Renovate.. 73%.. Of Market Value !

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