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Wanted >> Investor, Home Builder/Developer, Private Lender
Location:
Chico, CA
Description:
Wanted >> Investor, Home Builder/Developer, Private LenderWe want to begin the process of obtaining a Chico 30 lot tentative map but we first need JV partner with cash. We are talking to several but not in contract. We may give JV partner a guarantee. . .. . .. . .... . .Or. . .. . .. . .. . .... . . $272,000 to refinance existing 1st TD and complete tentative map process.Engineer is confident our parcel will produce 30 Chico city lots.Much more information available including conservative estimate of $1,000,000 + profit from selling 30 homes today, 30 lot layout, engineer's and environmental consultant's cost estimate to obtain tentative map (as little as $26,000) and why they think it will be reasonably smooth sailing in receiving tentative map.Investors buy future subdivision land with no plans to finish lots but to only sell unimproved with tentative map for huge profits. Value skyrockets after tentative map.For example, on 6/4/10 +/- same size parcel (Woodbrook subdivision) across the street from our future 30 lot subdivision SOLD unimproved for $689,000 ALL CASH including 26 lot tentative map with less desirable lot layout than ours. They are now building & selling homes. MLS photos and details of those sold homes available.4 extra lots, a much more desirable lot layout, buying nearly 2 years closer to a seller's market and at bottom of market makes our parcel worth as much as $100,000 more.Experts say Chico real estate market bottoms out spring 2012. Our future 30 lot subdivision will increase in value exponentially due to many lots (homes) in subdivision land increasing in value while a single home will increase in value straight line.We will option, sell or exchange all or JV. The price for all is 70% under its 2006 value.DAVID M. HECTOR Real Estate Brokerage (DRE # 00796981)530-893-XXXX (Office) * 530-893-XXXX (Fax)Mariposa Ave at East Ave (google map) (yahoo map)Location: Chico, CA
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More About this Listing: Wanted >> Investor, Home Builder/Developer, Private Lender
Wanted >> Investor, Home Builder/Developer, Private Lender is a Single-Family Homes for Sale in Chico CA. Find other listings like Wanted >> Investor, Home Builder/Developer, Private Lender by searching Oodle Classifieds for Single-Family Homes for Sale in Chico CA.
Wanted >> Investor, Home Builder/Developer, Private Lender is a Single-Family Homes for Sale in Chico CA. Find other listings like Wanted >> Investor, Home Builder/Developer, Private Lender by searching Oodle Classifieds for Single-Family Homes for Sale in Chico CA.