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I am interested in the below property. Send them my property page Send Property
 Real Estate Solutions/1031 INC - G Vandenberg

Print Me!
 
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 $28,000100%
Operating Expenses (-) $00%
Net Operating Income (=) $28,000100%
Loan Payments (-) $00%
CASH FLOW (=) $28,000100%

 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.

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