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Vulture Plays |
Have you ever heard the saying "Buy when everybody else is selling?" The YAERD.org Vulture Play takes advantage of this contrarian approach to real estate investing and allows you to capitalize on the real estate correction. 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 20% - 55% 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 units in 10 blocks however at lesser discounts. ( please inquire below )
To be notified of specific bulk buys and vulture plays in the future please fill out the form below
TERMS: of Bulk Buys
1. No Finance Contingency.
2. Two week escrow – no longer than 30 days.
3. A 10% Earnest Deposit is Due with the buyer's signed contract with a seven day inspection period upon which time the deposit goes hard.
4. No double escrows or assignment of contract.
5. Proof of Funds
NOTE: Due to the sensitive and confidential nature involved in vulture plays, developers will require a Confidentiality Agreement be signed before any information is released on the projects and discounts.
Premiere AZ Condo Developer Close-Out - Just put on the market
Unlike the many condo conversion communities on the market today, this community was built as condominiums
and to condo specs. This is a premiere, landmark property and is the standout community in North Phoenix. It features a large, luxurious resort clubhouse, state-of-the-art fitness center, private movie theater/media center, granite counters, stainless steel appliances, upgrades galore, and built to the highest standards. The developer is offering an aggressively discounted bulk purchase opportunity on 17 units to a bulk buyer who can purchase without a finance contingency and close within 30 days.
Retail Price - $3,740,000---$165 per sq ft---Average of $220k per door
Suggested Bulk Price: 60 + 3 ($2,240,000)---$99 per sq ft---Average of $132 per door
At 60 + 3, it is priced below replacement cost!
Amazing , Incredibly Affordable Condo Conversion Bulk Close-Out - Just put on the market
Developer close-out for condo conversion community in a prime Phoenix location at an unbeatable value. With newly renovated exterior touches including beautiful stone facing accents and lush new landscaping, along with Spanish roof tiles and warm paint tones. This spacious community includes two pools, two Jacuzzis, a fully remodeled clubhouse and a new, state-of-the-art workout facility. Bulk purchase is for the remaining 28 units which consist of 1 and 2 bedroom condos and 2 bedroom townhomes.
28 Remaining--- Units Retail---$3,116,200---Approximately $111 per door
Bulk Price: 60 + 3 = $1,869,720 ($67k per door
Florida Resort Condo Conversion Communities available at a 40% to 50% discount off of market price - available only in bulk
Community locations and exact discount per property varies. Call for details.
