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Great KS Package Deal – Reduced 1.4M – SOLD
Category: Hot Drops, REO Packages
The package was priced at $1,598,000 and has been reduced to $1,400,000. BUYER was lined up, but they disappeared.
All 55 properties are held by a private lender and has offered to carry the note until the rehabs are complete, at which time he wants to be cashed out. There is a bank in KC that will do blanket loans at 6.5% for 30 years.
Attached is the spreadsheet of the properties I added a couple of columns for analysis. I added a “reduced” column to reflect the reduced 1.4M price, which came to a $3600 per house discount. The $1.4M is the package price, I’m sure if you were to piece meal it the discount would go away. I played with the Potential Profit column until the Over/Under column stayed positive. 9% per house will still leave a little money on the table.
Download Spreadsheet HERE ( RIGHT CLICK SAVE AS)
FL BPO Hotdrop - 32%LTV - SOLD
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- Gary Martin, Allied Investments
- Mr. Ronald Bayer - First
Financial Investing 
-
Mr. David Byrns - President - REF4 Funds.
- Debra Tillman 
M. Cameron - Charlotte NC
