Vulture Plays
In the last 5 years we've seen a ton of real estate developed in over heated markets and this has led to a glut of inventory in some of these markets. Some Developers just want out and they are willing to sell for a significant discount off of market value.
Developers from all over the United States approach YAERD.org with their "opportunities", we sift through these "opportunities" and only negotiate on the best offerings. The offerings consist of Condo Conversions, Brand New Construction Developer Close Out and Last Phase Single Family Homes and Lot Subdivisions.
Since multiple units purchases are typically required in order to obtain these discounts Vulture Plays are for serious players only, i.e. High Net Worth Individual Investors, Partnerships Hedge Funds and International Investment Groups etc that are looking to acquire units in bulk at wholesale pricing.
Typical Vulture Bulk Buys range from 15% - 30% Below Appraised Value for individuals units. Actual discounts vary based on specific markets, sellers financial position/needs, and number of units purchased by investors. Although typically vulture plays are only available for large bulk buys of blocks of units we occasionally can offer individual units however at lesser discounts. ( please inquire below )
NOTE : Due to recent credit tightening in the residential financial real estate markets, financing of acquisitions by investors a minimum of 20% down payments should be expected.
NOTE: Due to the sensitive and confidential nature involved in vulture plays, developers may require a Confidentiality Agreement be signed before any information is released on the projects and discounts.