Awesome ! ! ! First Deal Locked Up in Canyon Lake, Ca

Yea! I finally have my first investment property locked up. It is in Canyon Lake, Ca. which is a guard gated lake community with swimming, boating, water skiing, wakeboarding, equestrian, tennis, golf, etc.

Three years ago this house sold for $730,000. The fair market value for this is $400,000 to $420,000 and we are selling it for $330,000. We need a cash buyer who can close quickly. To get the comps we used homes that sold in the past 3 months that were 3,000 sq ft - 4,000 sq ft. They ran around $108.00/sq ft for those not right on the water. We adjusted that upwards by $30,000 - $50,000 because it's right on a golf course and has a tremendous view. Make sure when you pull comps that your similar properties are inside the gate. Outside the gate prices are much lower. If you use the zip code or the city in your search it will give you both inside and outside the gate, which is not good.

The property is very clean inside and out. It sits on the top of a hill with a commanding view of the golf course and surrounding hills. It sits up high but the entrance is on the street level so you don't have to fight stairs for the main living quarters.

This home has aproximately 2,000 sq ft on a lower level that is currently roughed in but needs finishing that is in addition to the 3,470 sq ft for a total of around 5,000 sq ft. So you would be getting an awful lot of house for $330,000

I had a previous post requesting hard money sources to purchase this home but I thought someone might want to have me just assign the contract to them right off the bat. The home is in turnkey condition, and very clean. It a beautiful home. PM me if interested. Thanks. Mike

Funding For My Fellow Investors!

Hi, this is George a fellow student.
Funding can be one of the most important hurdles to get over.
I am now offering funding solutions to those of you who are interested in this method.
If interested contact me through the private messenger system of this website.


100% financing + closing costs + repair funds all rolled into the loan!

Hard Money/Bridge Loan Acquisition & Rehab
No Money Down Program
This Hard Money/Bridge Acquisition & Rehab loan is for individuals and
businesses with credit scores of 680 or higher. The loan closes in 2
to 4 weeks depending mainly on the speed at which borrower responds to
documentation requests. This loan requires minimal documentation from
the borrower.
Most of the fees involved in this loan are rolled into the loan with
the exception of the Broker Fee, this fee is paid with the application
and is refundable should the loan not close. When the Letter of Intent
is issued it will detail all the terms of the loan and include the
closing date. Meet the conditions and the loan closes shortly after.
Area of Lending: California, Illinois, Indiana, Kentucky, Ohio, Pennsylvania,
West Virginia, Texas & Wisconsin.
If you need funding in another state. Let me know and I will check into it.
Property Types: 1 to 4 Units
Co-Borrowers: Accepted, Non-familial O.K.
Closing Time: 2 Weeks or Less
Source of Down Payment: 60 Days Seasoned
Term: 9 Months
Rate: 9.5%
Reserves: 10% of loan amount
Pre-Payment Penalty: None
Lender Points: 5 to 8
Total LTV: up to 100%
Total ARV: up to 75%
Loan Minimum: $25,000 to $500,000
Credit Score: 680 (Lower Scores Considered)
Document Type: Light Documentation
Title Vesting: Personal or Corporate
Credit Reporting: Defaulted Accounts Only Reported
LTV Includes: Purchase Price, Closing Costs, Repairs
Broker fee: $1,000 (Refundable)


I will buy your mortgage note. Contact me today to find out how you can convert your monthly payments to a large lump sum of cash or get a free quote.

I'm in your area

bryski's picture

Cool man lets talk.

Syndicate content