Not On The MLS – (yet) 3/2 Villa In Boca Raton, Basic Updating & TLC, Perfect Fix-N-Flip Opportunity

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Featured Deal:

18405 Vía Di Verona, Boca Raton, FL 33496

Asking Only: $214,900


MAIN SPECS*

  • Bedrooms: 3
  • Bathrooms: 2
  • Build Type: CBS House
  • Living Area Sq Ft.: 1,530
  • Lot Sq Ft: 1,982
  • Year Built: 1996
  • Ideal Investment Strategy: Fix and Flip
  • Potential ARV: $290,000
  • Rental Average: $2,350/month

* Terms of contract must be:

  • 10% escrow deposit.
  • 0 inspection period.
  • Assignable contract, buyer must pay ALL closing cost.
  • Must close with title company on original contract.

* Info in this email is deemed reliable but is not guaranteed. Buyer should conduct their own due diligence to confirm any information listed above.


WHAT WE LOVE ABOUT THIS DEAL

FEATURES:

This is a 3/2 + Garage Villa inside all ages gated HOT community of of Boca Azul. Property has updated kitchen from 5 years ago, tile flooring throughout, central A/C. Community features walking trails, kids pool, gym, library, basketball courts, and much more.

SMART MONEY TIPS:

Need updating and TLC. HOA $339 a month. Non remodeled comp down the street sold for $282k, ARV over $290k. Rental average over $2350 a month.


LOCATION, PICTURES, COMPS


HOW TO USE OTHER PEOPLE’S MONEY

SMART MONEY INVESTOR TIP: The main reason to use other people’s money for real estate investing is because as a new investor your access to cash is limited. Finding private funding sources is a great way to build your portfolio and your own cash reserves for future investment opportunities. Watch Kevin Jimeno explain how this works.

LEARN MORE: HOW TO USE OTHER PEOPLE’S MONEY


MORE SMART-MONEY FACTS

  • IDEAL FIX & FLIP – From the moment you put together your scope of work and hard money loan application to the final touches on your fixed-up house – renovate for your buyer, not for yourself. With a little TLC, this is an ideal fix-n-flip or great rental property. LEARN MORE: What’s an ideal fix & flip?
  • $2,350 MONTH RENTAL AVERAGE – A common rule a savvy real estate investor follows is to pay no more than 100X the monthly rent as the purchase price. LEARN MORE: Why Rental Average is important
  • FINANCING – PRE-APPROVED – Approved at 70% of the AVR through Collective Lending Group, a direct lender for real estate investors. SMART MONEY TIP: Why use other people’s money
  • GREAT POTENTIAL ARV – Knowing a property’s ARV helps fix and flip investors to work backward and determine how much you should be willing to offer for a property. LEARN MORE: Calculating the ARV of an investment
  • RELIABLE CBS CONSTRUCTION  – In general, CBS (concrete block structure) homes are viewed as more desirable in the state of Florida because frame homes are more susceptible to termite damage and CBS homes are more able to handle the Florida storms.

READY TO MAKE AN OFFER?

CALL YOUR BROKER TODAY!

WE USE A FIRST-COME, FIRST-SERVE POLICY. THE FIRST REAL ESTATE INVESTOR TO SIGN A CONTRACT AND OFFER A DEPOSIT IS THE ONE TO SECURE THE PROPERTY. NO BIDDING PRICES HERE!


Disclaimer: House is being sold as-is, and buyer is to pay all closing costs. Buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. All offers on properties require a $3000 to $5000 non-refundable earnest deposit and have an average 7 day close of escrow. Buyers to do their own independent due diligence. Best Inv Group Inc, and its employees make no guarantees concerning property condition, value, characteristics or financial benefits. Best Inv Group Inc have a business relationship with various title agencies. Equal Opportunity Housing. One or more members, directors or employees of Best Inv Group Inc are licensed real estate agents in the state of Florida. There is no agency, expressed or implied, between Buyer and Best Inv Group Inc or any of its members, directors or employees.