RECENT TRANSACTIONS
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| Property Type: | SFR |
| Location: | Nevada |
| Purchase Price: | $51,000 |
| Rehab Budget: | $26,000 |
| ZINC Loan: | $58,000 |
| Final Sales Price: | $129,700 |
| Loan Duration: | 135 days |
| Details: | SFR foreclosed, not FHA ready, missing cabinets, carpet, and appliances, etc. Investor rehabbed property and sold it to a 1st time homeowner employed by a local casino. |
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| Property Type: | Multi-Unit |
| Location: | Northern California |
| Purchase Price: | $143,000 |
| Rehab Budget: | $53,000 |
| ZINC Loan: | $125,000 |
| Final Sales Price: | $249,000 |
| Loan Duration: | 212 days |
| Details: | The multi family complex was inhabitable but in a good area. Investor outfitted ea. unit with new HVAC, kitchens, bathrooms, carpet and paint, etc. Investor rent rolled it up in less than 30 days and sold it to long term hold investor. |
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| Property Type: | SFR |
| Location: | Southern California |
| Purchase Price: | $74,000 |
| Rehab Budget: | $31,000 |
| ZINC Loan: | $77,000 |
| Final Sales Price: | $139,000 |
| Loan Duration: | 142 days |
| Details: | Bank owned older home in a well established neighborhood. All cabinet doors, light fixtures, appliances and water heater were missing. New kitchen, bathrooms, new paint in/out, cleaned up rear yard, etc. Sold quickly, due to older nicely established neighborhood. |
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| Property Type: | SFR |
| Location: | Central California |
| Purchase Price: | $216,000 |
| Rehab Budget: | $4,000 |
| ZINC Loan: | $178,000 |
| Final Sales Price: | $299,000 |
| Loan Duration: | 45 days |
| Details: | Beautiful home in north end of town, in an upscale neighborhood. This REO could not qualify for conventional financing because the pool equipment was broken as well as a broken toilet and cracked window in the front door. ZINC closed the transaction in 8 days, enabling the investor to lock in the deal, complete a few repairs to enable conventional financing. Investor realized a nice profit in less than two months. |
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| Property Type: | SFR |
| Location: | Southern California |
| Purchase Price: | $76,000 |
| Rehab Budget: | $28,500 |
| ZINC Loan: | $80,000 |
| Final Sales Price: | $143,200 |
| Loan Duration: | 87 days |
| Details: | Typical distressed property in a probate sale. Investor rehabbed the property in less than 3 weeks with a crew that travels properties for him. New kitchen, bathrooms, appliances, lighting fixtures, etc. Even put in a new yard. 7 offers all by first time FHA homeowners. |
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| Property Type: | Multi-Unit |
| Location: | Northern California |
| Purchase Price: | $94,200 |
| Rehab Budget: | $58,000 |
| ZINC Loan: | $95,000 - Bank agreed to sell if investor could close in 10 days. Investor secured financing with ZINC |
| Final Sales Price: | Rent rolled up, secured conventional loan and kept for long term holding |
| Loan Duration: | 214 days |
| Details: | Empty REO multi unit with numerous distressed issues including broken windows, stolen appliances and fixtures. One unit appeared to be used by squatters for drug use. Investor rehabbed all units, removed bars, rent rolled ea. unit up @ $775.00 and secured conventional Financing. Ended up with a CAP rate in the 20's and a DCR well above 2.0 |
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| Property Type: | SFR |
| Location: | Nevada |
| Purchase Price: | $125,000 |
| Rehab Budget: | $5,000 |
| ZINC Loan: | $100,000 |
| Final Sales Price: | $193,700 |
| Loan Duration: | 32 days |
| Details: | Investor actually bought at auction. Investor did C/O refi for about 80% with ZINC immediately, to allow investor to leverage his working capital for more auction opportunities. Investor paid previous owners "cash for keys" and then resold immediately on the open market and realized a nice profit. |
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| Property Type: | SFR |
| Location: | Arizona |
| Purchase Price: | $63,000 |
| Rehab Budget: | $21,000 |
| ZINC Loan: | $58,000 |
| Final Sales Price: | $124,700 |
| Loan Duration: | 81 days |
| Details: | Newer home in established neighborhood. Bank only agreed to purchase price if closed within 15 days. Investor secured financing with ZINC in 9 days, rehabbed in less than one month and sold to a nice family whose mother lived down the street. Investor made over $30,000. |
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DEAL ANALYZER