Assignment – OR We Will Partner: 1.81 Acre Lot At Canyon Lake TX (Comal County) – Contract Price: 105K, Sell For: 160K

This project has already been successfully funded. New opportunities are added regularly.

Property Details

  • Time to Build
  • State
  • County
  • City
    Canyon Lake
  • GPS
    29.880151, -98.326578
  • Curent Zoning
  • General Elevation
  • Taxes
    $2,490 per year
  • Conveyance
    Assignment of Purchase Agreement - OR Special Warranty Deed
  • Sewer
    Provided by SJW Texas
  • Parcel Size (in acres)
    1.81 acres
  • Zip
  • Title Info
    Kenneth Neubauer
  • Access
    Alto Lago
  • Terrain
    Mostly flat with trees
  • HOA Fees
    HOA - $800 per year
  • Power
    Provided by Pedernales Electric Coop
  • Water
    Provided by SJW Texas
  • Phone

Transaction Details

Total Transaction Purchase Price (including closing costs): $If assignment: 117,000 (includes 12K assignment fee. OR - If we partner: 107,000
Anticipated Sale Price: $155,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 60 - 120 days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: If assignment: We will assign 100 percent of the contract to you. You keep 100 percent of the profits. If we partner on deal: 50/50 split.%
Anticipated Budget: $Assignment: 155,000 (sale price) - 105,000 (property cost) - 12,000 (assignment fee) = 38,000 (gross profit) less closing costs and marketing expenses. OR If we partner: 155,000 (sale price) - 105,000 (property cost) - 4,000 (closing cost x2) - 9,300 (6% agent fee) = 36,700 profit. Funding partner receives 18,350.
Miscellaneous Option 1: If we partner on this deal, the property will be listed with an agent in the area that we have previously worked with on other deals.
Miscellaneous Option 2: The lot is located in the gated community of Cordova Bend. Here's a YouTube that features Cordova Bend:

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