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Utah Real Estate Investors

Great real estate investment deals

Project- Dear Valley 

Property -1

 

ROYAL OAKS SUBDIVISION  (Deer Valley)

 

Appraisal 4.4          Purchase 3.475

 

 

Property -2

 

Hidden Oaks at Deer Valley, Phase 3

 

Appraisal 4.75        Purchase 3.3

 

 

Property -3

 

Royal Oaks Subd. Phase 1

Appraises for 3.6

pick up for 2.65

 

seller is willing to do a seller carry up to one year

with 600K hard earnest money

it currently has an option arm with countrywide with a negative am payment of $9,700

sweet deal 9000 square feet awesome views

 

 

 

The appraisals are very conservative the properties comp out  higher, these are not pushed but I always urge people to do there own homework.

Project Summary: Utah/Idaho- Bear Lake

 

The following information is provided as a good faith estimate by S. I. Builders. These estimates are based on past

performance averages and other information available from third parties that is assumed to be accurate at the time of this

publication. This entire sheet is for informational purposes only and is not intended to be an offer or the basis for any legal contract whatsoever. Information is deemed reliable but not guaranteed. Buyer to verify all information.

 

Exclusive Terms: 90% LTV

 

Timeline: 6 month construction period

 

Reservation Deposit: $6,000

 

Estimated Numbers: Value… $625,000

Construction Cost… $497,500

5% yearly appreciation = $31,250

Equity position 100,00 to 125,00

Incentive 1: S. I. Builders will pay 12 months pmts

Incentive 2: S. I. Builders will furnish with furniture

 

Bank Qualifications: Second Home

Credit Score: 700+

Employment: 2 years in the same line of work

Assets: $50,000

Reserves: 6 months (approx. $24,000)

 

Exit Strategy: Build and Hold

This is a prime location for holding any property. Bear lake is a year round vacation

attraction. Sun, swimming, boating, golfing in the summer, and snowmobiling in the winter.

 

Monthly expenses…

Mortgage payment

Taxes

Insurance

 

 

 

Note: This document is merely illustrative and does not represent a contract or guarantee. Please see all

accompanying documents and contracts for complete details regarding the transactions described herein. The

contemplated transaction entails risk and is not a security.

 

The following information is provided as a good faith estimate by S. I. Builders. These estimates are based on past

performance averages and other information available from third parties that is assumed to be accurate at the time of this

publication. This entire sheet is for informational purposes only and is not intended to be an offer or the basis for any legal contract

whatsoever. Information is deemed reliable but not guaranteed. Buyer to verify all information.

 

AMMENITIES…

-Walking distance to Golf Course

-Beach Access

-Swimming Pool

-Jacuzzi

-Tennis Courts

 

Published Wednesday, January 30, 2008 12:11 PM by Jared Cook

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