PDX.
OffMarket Buyers Fee $2500 Contingent on Closing.
Agreement on reqeust.
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Above is the link that will direct you to the photos for the property in St Helens. When you run your comps, you will see 2/1 600 sqft homes selling in the $200,000 - $215,000 range. The homes in St Helens are not staying on the market for far too long as well. Properties are going pending within days.
Your scope of work will entail a full remodel. The home has a post and beam foundation. It is in decent shape. You can definitely save money on the rehab if you just do the small fixes to the foundation that it needs but I would recommend a new one. I would advise adding at-least another 100 sqft to the property. That is the only way to get the ARV up to 215k-220k. Numbers are below. This property is an amazing buy & hold opportunity if not a flip.
Buy: $95,999
Rehab: $70,000 ($45,000 inside/out & $25,000 for the foundation. I have a concrete guy willing to pour the foundation for $6500. Ram Jack will lift the home up for $15,000 and I have a structural engineer ready for $2200.)
ARV: $215,000 - $220,000
2.
I also have another property for wholesale in Estacada OR (Portland Metro).
My fee on this one is+5k. Agreement on request.
576 SE 4th Ave
Estacada OR 97023
Buy Price: $190,099
Rehab: $30,000
ARV: $280,000
Potential Profit: $40,000
If you are buying this property all cash without any HML, this property will make sense for you.
3.
Off Market Buyers fee $ 2% Contingent.
Attached is the Investment Opportunity PDF for the property that we have for wholesale. Numbers are below. Please make sure to take a look at the comps. There is a comp a mile away, 2/1 910 sqft that sold for $675,000. That is about $140,000 above what the Zestimate had it for. This property sold last month!
4405 NE 22nd Ave
Portland OR 97211
Buy Price: $375,090
Rehab: $60,000
ARV: $550,000 plus (very conservative)
Closing: January 11th, 2019
Please let me know your thoughts, Thank you.
Please let me know your thoughts. Thank you
Gordon & Rapy
Portfolio's & Investments
Yachats Oregon-Austin Texas
#512-387-0504 Text
oilandgasceo@gmail.com
https://propertywarehouseusa.blogspot.com/
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