17th Street Rehab Deal
This is a single family home 2 bed, 2 bath about 1150 sq ft, with two possible exits. One is just clean up and sell it in open market or two to add more square footage, remodel existing and then sell at higher price. We are seeking investors for this project. Please let me know if you like to invest or if you have questions. The hold time can be 2 months or lesser (in first case) and about 6 months in second.
Rehab Details
| Property City: | San Jose |
| Property State: | CA |
| Purchase Price: | $630k |
| Rehab + Other: | $170k |
| Money Cost: | |
| Est. Sale Price: | $970k |
| Gross Profit: |
***Dec 23, 2018 *
- Refinance completed 12/21/18.
- This project is complete.
- Investments consolidation in progress.
***Nov 24, 2018 *
- AirBnB continues to do well
- ADU has been put on AirBnB as well
- Refinance is in progress
- This project will be closed out once refinance is completed
***Oct 27, 2018 ****
1) Very good collection in rents (using AirBnB)
2) Continuing to explore refinancing option
3) ADU will be completed in Oct – ready to rent
***Sep 22, 2018 ****
1) Not much buyer interest due to slow down in the market
2) Will continue to market off MLS and may put it back on market next year.
3) Currently renting and the rent is paying the holding costs
***Aug 25, 2018 ****
1) Continued Open Houses and Marketing for sale
2) Received 1 offer. Looking for better offers
***July 28, 2018 ****
1) Project Completed
2) Has been listed on the market to sell
***June 23, 2018 ****
1) Almost all work complete.
2) Final touches in the next 2-3 days
3) Followed by Staging and Photography
4) Planning to hit the market Second week of July
***May 26, 2018 ****
1) Addition structure is complete. Finishing materials being installed.
2) Flooring, Kichen Cabinets, Painting in progress
3) Bathrooms, Exterior Painting to be worked on.
4) Estimated completion Mid June
***April 28, 2018 ****
1) Roof Compete
2) Framing, Electrical and Plumming Roughing Inspection Cleared
3) Closing Up Walls, Installation of Finishing Materials to begin
***March 24, 2018 ****
1) Permits Pulled
2) Demo Competed
3) Construction Began – Roof Partially Complete, Foundation Poured.
***February 24, 2018 ****
1) New Project Under Contract
2) Gettin Contractors Bids
3) Closing Schedule for Mar 6
4) Still have room for investments. Contact me if you are thinking of investing.
