Available

$569,803 Equity

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Package Land Deal- Build 3 $600k Properties!!

Lead Type: Wholesale Deal

  • New Construction
  • Large Lot
BUNDLED UP DEAL READY TO GO! TWO PROPERTIES, 24630 and 0 Brill Ln! Similar houses sell for $600k according to builder estimate! There will be two properties included in this investment opportunity. The idea is to re-platt into three lots and build three houses so as to yield the most amount of profits. More than 3 houses could be built, if desired, as there is enough space to build as many as 7, but the question then becomes whether you can build all 7 within the year. The 7 house scenario follows in the additional details section.

  • The Numbers


    Est. After Repair Value (ARV): $1,899,345 Zestimate
     
    minus Seller's Asking Price: $489,542 Seller's Asking Price
    Not Flexible
    minus Estimated Cost of Repairs: $840,000 Estimated Cost of Repairs

    equals Profit Potential of: $569,803 Profit Potential
    Need Funding: Get Pre-Qualified
    View other funding options

    This information is provided by the seller. All lis, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs, are estimates. Please do your own due diligence.


  • Property Location


    24630 Brill Ln
    • Tomball, Texas • 77375
    • Part of Town: North of Houston, close to the Woodlands and Spring
    • How to Access Property:
      Contact Seller

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  • Property Information


    Property Type
    Property Type: Land
    Square Footage
    Square Footage: 3500 sqft
    Year Built
    Year Built: 2019

    About Repairs

    This sale entails the purchase of two adjacent lots. Once the two lots are re-platted, there is enough land to build three houses that compare to the sold properties in that subdivision within the last 6 months. The average price sold is $633,115 USD. To be able to create comparable houses for sale, one small house would have to be demolished and three houses would have to be built in its place. Cost of construction is assumed at $80 USD /sq ft. I have a builder who quoted this price for this location and quality of house. I can give you his contact information.

    Miscellaneous:  

    Scenario for 7 units built: -TOTAL ARV= $3,609,156.25 ; -70% ARV= $2,526,409.38 ; -AVR PER UNIT= $439,005.00 ; -Lot size per unit= 21,780; -Number of Units= 7; -Construction cost rate 80 USD/Sqft; -Sq Ft per Unit= 3500; -Construction cost/unit= $280,000 ; -Total Construction Cost= $1,960,000 ; -Total Land Cost= $489,541.50 ; -Gross Profits= $1,082,746.88 ; -Cost of financing @ 20%= $505,281.88 ; -Net profits $577,465.00 ; -Net Profits per Unit $192,488.33.

    How Seller Determined ARV:

    -Number of Units= 3; -AVR PER UNIT= $633,115.00; -Lot size per unit= 1+ acres; -Construction cost rate= 80; -Sq Ft per Unit= 3500; -Construction cost/unit= $280,000; -Total Construction Cost= $840,000 -Total Land Cost= $489,541.50 -Gross Profits= $569,803.50 Please note that total costs of land acquisition plus construction are much less than 70% ARV, so this would be a good investment for first time investors using hard money loans. Also note that if managed properly, there is enough room for 20% financing for 1 year and still come out with more than $300K in net profits.

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About These Listings and Why They're Unique.

This site provides you with the list of "big equity" properties that savvy investors DO NOT want you to know about. They don't want the competition. It's a list that will enable you to reap huge profits, just like they are, from today's chaos.

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The properties on this site are under-shopped and, as a result, under-priced. They are "under the radar" so to speak. A majority of them are not listed anywhere else.

Most investors are unaware of this insider's list. And for you, that's a good thing. Less competition means bigger - often absurd - profits.

Most investors are unaware of this insider's list. And for you, that's a good thing. Less competition means bigger - often absurd - profits.

But most importantly, the properties on this site have big equity and bigger profit potential. Dozens of them are marked down by 30% to 40%. And dozens more have at least $20,000 in equity.

We provide you with two specialized types of properties:

Type #1: Wholesale Deals

These properties are for sale by other real estate investors. To clarify, the word "wholesale" doesn't mean "bulk." You buy each property individually. You just get a "wholesale" price. The investors who sell these properties want to pocket some quick and easy cash by selling you a fixer upper "as is."

You make bigger cash by buying, fixing, and re-selling. Or you can buy, fix, and rent. It's up to you. If the deal is right, you should come out on top either way. We compile this list by calling and emailing just about every real estate investor in town, asking them what they have for sale ... at a big discount, of course.

Type #2: Motivated Seller Leads

These properties are for sale by regular homeowners who are in a bad situation. You have more options when you buy motivated seller properties. You can work a short sale, take over their payments, wholesale it, rehab it, lease it, buy or sell on owner financing, or whatever else you can dream up.

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Funding Options

  1. Private Money: Borrow money from a private lender. Each private lender is different, but these individuals typically offer much lower rates than hard money lenders. In addition, many allow you to walk away from closing with cash and/or defer all interest payments until you sell the property. You'll find a list of private lenders in our Resources section.
  2. Crowdfunding: Borrow up to 80% of the ARV with no origination fees up front. That means less money is needed to close. Faster and more flexible, there’s no waiting on investors, partners, or traditional lenders. Loans are funded immediately upon qualification so you can focus on what you do best... your project. Applications are quick and easy online. Click here to find out more.
  3. Hard Money: Borrow from a Private Hard Money lender. These loans are easier to qualify for, have low rates and fees and close in as little as 4 days, not 4 weeks! They are known for 100% funding of total project costs, no-prepayment penalties, cash-out loans for investment properties, fix and flip including renovation budget, as well as fix and hold with 30 year terms. Sounds too good to be true...but it isn’t. Click here to find out more.
  4. Long-Term Loan: Take out a traditional long-term loan from a mortgage company or bank. Unlike hard money lenders, these companies prefer to lend to individuals with good credit and a healthy income. The money is cheaper to get, but there are drawbacks. They are typically slow to fund your deal, and they tend to shy away from properties that need a substantial amount of repairs.
  5. Your Own Cash: Use your own cash. Those who have it generally prefer this method because it eliminates borrowing costs and speeds up the closing.
  6. Someone Else's Cash: Bring another individual into the deal who will either partner with you or be your private lender. If they partner, they will get a portion of the profits. If they lend, they will get paid based on an agreed-upon interest rate.
  7. Take Over Payments: Take over the existing mortgage "Subject To" the existing financing. This technique is much more likely to be effective for motivated seller leads as opposed to wholesale deals.
  8. No Money Needed: If you primarily pursue motivated seller leads and your plan is to wholesale those properties, then you don't need cash or financing. Information on how to do this is contained in the wealth-building course on wholesaling that comes with a Premium membership. This is how many investors get started in the business.