Our buyer fell through for this package and we have until today to close on it.
We have actual BPO values as well as a 3rd party AVM. In case you’re not familiar with AVM, it’s what most bulk REO buyers are using to quickly valuate REO portfolios before making offers.
For more info on AVM, checkout: http://en.wikipedia.org/wiki/Automated_Valuation_Model **More to follow about AVM**
Here are the details of the portfolio:
- 181 Properties in the Midwest / southeast
- Concentration in MI and OH
- Purchase price is $781,690.00
- BPO value is $9.8M – 7.9% LTV
- AVM value is $5.3M – 14.7% LTV
- All deeds are immediately available
Escrow must be opened TODAY.
If you are serious email / fax me your own signed contract and open escrow with the company of your choice.
I will ask you to sign my contract to complete the transaction once escrow has been opened.
As always, please feel free to contact me for any questions.
Have a great New Year and a prosperous 2009!
P.S. Our Tampa, FL package is still available – 7 doors for $410K
Click here for details: http://buybulkreosnow.com/?p=166
Think bulk REOs are drying up?? THINK AGAIN! We’re only through the first wave of defaults..
It’s important to get in now, build your relationships, and tweak your business model because you’ll be left behind when the second wave hits.
Check out this report..
5 Tampa properties:
- 3 Single Family Homes
- 2 Duplexes
- $409,999
- Warranty Deeds
- Conventional closing OK
Submit your contract with $20K refundable deposit for 3 day inspection period.
Addresses:
2433 N Ramona Cir, Tampa, FL 33612
- Single Family / 3/1 Block / 1,206 SF / No Rehab!
2740 Birdland Ct, Land O Lakes, FL 34639
- Single Family / 3/2 Block / 1,565 SF / Move in ready!
3602 N 54 St, Tampa, FL, 33619
- Duplex / 5 Bedrooms 2 bath!/ 2,000 SF / Great for cash flow!
2325 E 112th Ave, Tampa, FL 33612
- Single Family / 3/2, 1565 SF / Renters already lined uo for $900 month!!
2509 N Armenia Ave, Tampa, FL 33607
- Duplex / Two 1/1 units / 1 unit rented $750 / Minor Rehab (roof repair, otherwise rent ready). 1,050 SF.
Up to this point Sunrise Property Group has been focused on selling bulk blind REO packages to sophisticated investors.
This is not always easy business as there are many roadblocks to overcome, such as product consistency, BPOs, due diligence, title, funding, etc.
The fact is buying bulk blind is not for the faint of heart, although the discounts can’t be beat.
Everyone wants bulk REO pricing, but few can meet the requirements and we finally have a solution.
Soon, BuyBulkREOsNow.com will be revamped to reflect our new offerings:
- Bulk Blind Post-REO Portfolios (the packages currently listed on the site)
- Direct to Bank Custom Orders
- Turnkey, Cash Flow REOs
The most exciting and anticipated of the three has got to be our Turnkey Cash Flow REOs and here’s why:
- Discounts are 40%-50% of ARV*
- REOs maybe purchased ONE AT A TIME or in bulk
- Buyer will receive property pictures and checklist inspection
- Prices include clear and equitable title, and title insurance
- GUARANTEED: Properties are worth $45K or more*
- GUARANTEED: Properties to need NO MORE than $5000 in rehab
- We provide property management that will sell your properties for you, write a note for you, collect the payments, hold escrow for taxes and insurance, and even sell the note for you if you so choose
*As valued by online tools, such as Trulia.com, B of A (Cyberhomes.com) and Zillow.com
This is a full end-to-end, turnkey investment!
We are holding a debut webinar on 12-11-08 to present the opportunity in full.
Seating is limited and we’re already at 50% capacity even before this post. You really have to hear how we’re doing this.
Also, I know many of you are looking for OTHER people, i.e. agents, brokers, intermediaries, etc.
We have created a formal affiliate program just for YOU! Click HERE to read about it and make some money MUCH more easily than you have in the past.
Sunrise is committed to providing value to everyone we work with. We sincerely appreciate everyone’s support- we couldn’t have done it without you!
Don’t forget to register for Thursday’s Webinar by clicking HERE
To our extreme success,
Abdul
NOTE: This opportunity is being offered by a Sunrise Property Group Affiliate:
!…Performing / Non-Performing Note Package for Sale…!
Seller Wants This Sold!
Current 1st Trust Deed Balances $4,451,026.50
Asking $2,000,000 – Make Offer!
Appraisals completed on March 2008.
All loans are 1st Trust Deeds! Most Foreclosures are in process! Majority SFRs
- 20 States
- 99 Total Notes
- 79 Occupied
- 19 Vacant
- 1 Tenant
Email a completed NCND and proof of funds to receive the sanitized list and to be put in direct contact with seller’s representative.