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Acquisition & ValuationAll-in Basis (Land + Build) $1,500,000Appraisal-Backed ARV (Completed New Build) $2,700,000Gross Equity Spread (Before Selling Costs) $1,200,000As-Is Value (Existing 1952 Structure) $500,000
Construction Contract details: (Already executed and in place)Contractor: JN Development Group IncContract type: Fixed / flat-fee construction (not cost-plus)Payment timing: Draws due within 5 business days of milestone and/or lender releaseLate payment: 1.5% per month after 30 days
Product (What’s Being Built):“Longboat Key” Model2-story luxury new construction
Net profit after selling costs (est.): $957,000–$1,038,000 (assuming 9%–6% all-in selling costs). That is a 64%-69% ROI!
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.
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