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Real Estate Solutions/1031 INC - G Vandenberg

1031 Paper
Property Type: Personal Property - Cash

Last Updated: 2/11/2009 1:59:18 PM EST
Property # 23955

Location:

Accommodator's hands
Grand Rapids, Michigan 49506 USA

View Address On Mapquest

Value:
Loans:
Equity:

$210,000
$0
$210,000

Property Description:
Cash and Paper. Two notes: $125,000, payable $1,388.89 mo., 10% int., 5 Yr balloon; $85,000, payable $944.44 mo., 10% int., 5 Yr balloon; Both secured by 1st mortgages on real estate.
Benefits to New Owner:
10% Return On Your Investment.

Annual Income & Expense
	Per/Year	% of G.I.	Projected/Year
Gross Operating Income	$28,000	100%
Operating Expenses (-)	$0	0%
Net Operating Income (=)	$28,000	100%
Loan Payments (-)	$0	0%
CASH FLOW (=)	$28,000	100%

Loans

No information found.

Additional Information Available Upon Request

No Appraisal available at this time

Can Adds

No Can Add information found.

Can Adds Comments

$300,000 of golf course front lots near Kansas City and 181 acre development parcel outside Bozeman, MT for $633,500.

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Owner's Profile

Occupation Name Gary Vandenberg
Why Owner No Longer Wishes to Own This Property
Want more leverage

Owner Comments and Benefits desired from Exchange
Exchange paper as down payment on NNN leased single tenant income property. Prefer to add other land with this equity, but will look at all offers.

Will Consider Exchanging For

Commercial: Factory Outlet, Mall, Medical, Office, Resort, Retail, Shopping Center, Strip Center, Vacant, Other

U.S. Locations
Map
States/Regions:

Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST'

Property Represented By

Name Gary Location Grand Rapids, Michigan

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REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.