OFF MARKET MONTEREY COUNTY, NORTHERN SALINAS CA.

SUBJECT-TO CREATIVE FINANCE DEAL!!!

FULLY RENOVATED IN 2022!!!

INQUIRE ON INVESTORLIFT FOR FULL ADDRESS!

Contract For Assignment

Interested in this deal contact Brayton 831-480-9807

🏦 🏦

💰ENTRY FEE - $130,000 +TC + CC (Includes CASH TO SELLER & ASSIGNMENT FEE)

Interest rate 6.625%

DEAL BREAKDOWN

Fully renovated in 2022 this three bed two bath single-family home In beautiful northern Salinas directly inland of moss landing is available on creative financing. This is a payment takeover via subject to purchase. No bank loan needed and no credit check required to purchase this home, and no effect on your DTI. Perfect for self employed buyers a who have good income but are unable to secure a loan or have poor or no credit. Also great for an investor looking to minimise holding costs and maximise their return. This property is priced below market value so the buyer will walk into equity allowing for multiple exit strategies. 

Reccomended exits,

• HOMESTEAD BUYER- Buy this to live in!
• SUBTAIL- Purchase Subto and re sell on MLS full retail!
• WRAP- purchase via subject-to and re sell on seller financing 
• BUY/HOLD- MTR, STR, PADSPLIT
• WILL NOT CASH FLOW AS- LTR

💰 ENTRY FEE/DOWNPAYMENT $130,000 +TC + CC ( INCLUDES CASH TO SELLER AND ASSIGNMENT FEE)

✅ PURCHASE PRICE $798,000 (Includes cash to seller and assignment fee)

✅ SUBTO DEBT ~$668,000

✅ PITI ~$5802.15

✅ INTEREST RATE 6.625%

✅ Arrears- mortgage current through AUG. Sep & pro rated OCT will be credited to buyer out of cash to seller before COE.

✅ sale includes newer Washer & Dryer & Appliances

✅ Proof of funds & 23k Non refundable EMD due 24 hours from signing assignment

✅ COE scheduled for 9/30/24, currently owner occupied, owner will vacate before coe. 

 ✅ Showings avaialble by appt only "AFTER OFFER IS SUBMITTED"

PROPERTY DETAILS

• 3BD
• 2BA
• 1,248 SQFT
• FULLY FLIPPED & RENOIVATED IN 2022
• 2 CAR ATTACHED GARAGE
• LARGE REAR DECK
• LARGE YARD
• LARGE DRIVEWAY AND EXTRA PARKING
• STAINLESS AND BLACK APPLIANCES
• VINYL PLANK FLOORING
• PROPERTY SOLD AS IS

*YARD HAS BEEN NEGLECTED AND IS OVERGROWN NEEDS LANDSCAPING, PROPERTY HAS BEEN LIVED IN FOR 2 YEARS, NEEDS A DEEP CLEAN AND TOUCH UP PAINT.

*PHOTOS RE A COMBINATION OF AFTER THE RENOVATION IN 2022 AND SOME CURRRENT PHONE PHOTOS. PROPERTY HAS BEEN LIVED IN BUT IN GREAT CONDITION!

OFFERS CAN BE SUBMITTED ON INVESTORLIFT BY CLICKING MAKE AN OFFER- OR YOU CAN TEXT BRAYTON 831-480-9807. PLEASE INCLUDE THIS INFORMATION BELOW WITH YOUR OFFER!!

• Price listed is starting price, offers often come in higher. Please submit your best and final

• Please include a proof of funds 

• Preferred closing date 

• Signors full names

•  Closing entity

• Articles of incorporation. 

• Please include your funding type

• Do you need to walk the property & do an inspection before closing? 

• Include any other details you think we should know

REALTORS BRINGING A BUYER!! PLEASE ADD YOUR COMMISSION ON TOP OF THE PURCHASE PRICE. ALL OFFERS SUBMITTED ON A STANDARD PURCHASE AGREEMENT WILL BE TRANSFERRED TO AN ASSIGNMENT OF CONTRACT! 

 Interested in this deal contact Brayton 831-480-9807

Attention* Open Dispo  holds a signed and executed legally binding contract to purchase the property mentioned above. All terms have been pre-negotiated and agreed upon with all sellers and agents involved. This deal and our equitable interest in it, is only available as an assignment of contract to an end buyer. Please do not under any circumstance contact the agent or seller directly. If you're interested in this deal, please direct any and all communications to Brayton Furlong 831-480-9807 Thank you!!!

Buyer to conduct their own due diligence to verify and confirm all presented information for accuracy. Open Dispo and its associates will not be held liable or responsible for any inaccurate information, assumptions or decisions made based on this information. 

Open Dispo 2024