2 bulk SFR portfolios in TX (Dallas and Houston) i need of EMD of $375k to open escrow today by 4 pm PST

Both portfolios are provided as a package deal for easier management.  Quick closing is a must.  All title work is done. as well as insurance binders and tax certificates too.  We can sign over the pre-deeds today.

 

Title commitments are in place and need to be updated,  This will take a day, maybe two.  But if you have all cash,  Title365 will work over the weekend to close it.  The additional cost at close will be the surveys, which are $320.00 each.  There are no defects with the properties.  There have been no insurance claims on the properties.  Currently 69 of the 84 are rented (Dallas) and 22 out of 23 rented in Houston or 95+% total occupancy.  Overall CAP Rate is 11%.

 

And note that there are 84 homes in Dallas plus 1 lot (5,000SF ) at 10220 Pondwood Dr included – ready to build with concrete slab.

 

Also tell buyer that $172,000 approx. will be credited buyer which will cover closing costs too (this is deposits, taxes and pre-paid rents)

 

Closing costs will be $54,000 for Title and $26,880 for Surveys

 

In place management CAN be kept if desired – contracted at $70 a door

Also 24 hour security is in place and contracted as well.

 

Rent roll and executive summary available once you provide your LOI and POF.  EMD of $375,000 is required ASAP to move forward.

 
Both contracts signed yesterday, the 18th.  Dallas portfolio is being offered for $6.656M and Houston package is being offered at $2.08M as well.  Of course, everything in real estate is negotiable, so please send me your best and final offer.​​  Closing is scheduled for no later than Dec 31. EXHIBIT%20A_1.docx

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If you have a investor that need funding for this, please have them send me a executive summary of the

project and full contact information to samcthomas45@gmail.com

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