Vacant lots for $10k a contract??? · Wholesaling Real Estate

Scott M

Jun 8 • General discussion

Vacant lots for $10k a contract???

Here is the buy box

See below for our current criteria.

Cape Coral (HIGH PRIORITY):

Dry lots only, no canals.

No lots on main roads (roads with white or yellow lines)

No flood zone lots

Lots zoned Residential only.

Well/septic: $38K MAX

City Water/Sewer:

o South Cape (South of Pine Island RD): $75K MAX.

o North Cape (N1 West): $55K Max with full assessment

o North Cape (N2) w/ city water/sewer: $68K MAX if balance of assessments is 13k or less (should be this on 99% of the lots). The buyer assumes the balance at closing.

Corner lots automatically require a $3K price reduction to accommodate additional costs to the builder

Can close Cape lots in 30 days (25 Day Due Diligence Period + 5 Days to close thereafter)

Lehigh Acres:

33971, 33974 & 33976 Zip codes ONLY.

33971: $18K MAX.

33974: $20K MAX.

33976: $24K MAX.

Can close Lehigh lots in 35 days(30 Day Due Diligence Period + 5 Days to close thereafter)

Labelle:

$19K MAX

Street must have power and paved road.

Quarter-acre lots only

HENDRY COUNTY ONLY, not Glades County. Stay South of SR 80. No Banyan Village.

Can close Labelle lots in 40 days(35 Day Due Diligence Period + 5 Days to close thereafter)

Palm Bay:

Zoned residential.

No flood zone lots.

Stay West of I-95

Streets must be paved and have power.

Well/Septic $31k MAX

City Water/Septic $52k MAX

City Water/Sewer $70k MAX

Can close Palm Bay lots in 45 days(40 Day Due Diligence Period + 5 Days to close thereafter)

Burnt Store Village:

Standard sized lots only

$35K MAX

Can close BSV lots in 30 days (25 Day Due Diligence Period + 5 Days to close thereafter)

Charlotte County:

Flood Zone X Only

Looking for City Water/Septic lots mainly, well/septic is fine too, but price will be adjusted accordingly.

No main roads

Lots must be in Peachland, Port Charlotte, or Englewood East.

NO Deep Creek, Gulf Cove, or South Gulf Cove

No Scrub Jay lots.

$19K MAX for City Water/Septic lots.

$16K MAX for Well/Septic lots.

Can close on Charlotte County lots in 40 days (35 Day Due Diligence Period + 5 Days to close thereafter)

Target these areas:

PEACHLAND

PORT CHARLOTTE

ENGLEWOOD EAST

MISC.:

NO MORE THAN $1,000 EMD per lot.

NO foreign sellers

NO probate lots

DM me if you got anything

ENSURE THAT YOUR UNDERLYING CONTRACT HAS THESE TERMS.

We do not pay for seller closing costs. If you have "all closing costs paid by buyer" on your underlying contract, seller closing costs will come out of your assignment fee. If you have these terms in your underlying contract, the assignment fee will be the clean difference in price between the underlying contract, and the assignment contract:

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