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 | Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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Property Details |
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| Property Information |
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| Project Name : |
Fix and Flip $150,000 Profit to Investor |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
California |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
2556 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Sq. Ft. |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Good |
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| Property Description: |
Contract details:
The home is currently under contract for $535,000 with an ARV (After Repair Value) of this home of $750,000. The projected profit for this property is $164,000. This will be a great investment property, to flip. Estimated time to rehab and resale of this property is 2 to 3 months.
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| Surrounding Neighborhood: |
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| Purchase & Invesment Information |
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| Purchase Price : |
$555,000 |
| Investment Type : |
Silent Partner - Equity |
| Investment Amount Needed: |
$562000.00 |
| Equity offered to Equity Partner : |
95.00 |
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| Estimated Cash on Cash Return for Investor : |
Members Only |
| Contingency Expiration Date : |
Members Only |
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| Process Complete to Date: |
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 Members Only |
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| Why is the Property being Sold?: |
| Members Only |
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| Personal Invesment Details |
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| Personal Investing |
| Checking & Savings : |
$10000.00 |
| Equity Lines : |
$0.00 |
| Other Resources : |
$0.00 |
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| Other Sources Funds |
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| Will Seller Carry a Note : |
No |
| Rate : |
Members Only |
| Years Amortized : |
0.00 |
| Amount : |
$0.00 |
| Ballon Amount : |
$0.00 |
| Prepayment Penalty : |
$0.00 |
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| Familiarity with Property : |
Very Familiar |
| Familiarity with Neighborhood : |
Very Familiar |
| Time Inveting in Realestate : |
3 - 5 Years |
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| Property Documents |
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| Brochures / Flyer (0) |
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Market rent / Vacncy Information(0) |
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| Demo Graphics (0) |
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Floor Plan / Site Plan (0) |
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