We have taken the liberty of posting this directly since we have a time-sensitive proposition for all Active Rain members. This week we were asked to dispose of a portfolio of real estate assets by an owner that has emphysema and possibly lung cancer. He knows he has a short time. He has various parcels of developed land along with several luxury homes. His total assets are appraised at $8.131M and he has offered the entire portfolio to us for $5M. There are two sub-divisions of developed land with all the services in place which we have to sell at 60% of the market value. Selling these on as they are will realize a substantial profit, however for one with the cash to develop the lots, the potential gain increases substantially. All the properties are located close to Asheville and Charlotte, NC which as you may know, is one of the fastest growing metropolitan areas in the entire country. In the light of the fact that our seller is in serious ill-health and is willing to accept such a significant discount on his portfolio, we are seeking an investor who is willing and able to contract on these properties at the earliest. We apologise too in advance if this is not the appropriate place to let the members know. First come, first served they say. Call Kevin now on 828-286-7885 or email at kevin@o-grady.com .
 

4 Comments on Time sensitive proposition - owner seriously ill ...

Good luck with this. It sounds like a great deal.

06/17/2007 09:47 PM by T.U.P. Realty


Thanks Jeff, it goes without saying if you know of anyone... Kevin

06/17/2007 10:04 PM by Kevin O'Grady (Diamond Sun Properties LLC)


Hi Kevin, I Just wanted to welcome you to the Active Rain Real Estate Network! 
The fastest growing, on-line Real Estate Network in the Nation. 
Welcome aboard, I hope you'll continue to blog, and invite others. Enjoy!!

Some sites you may want to visit right away are:

READ ME FIRST
http://activerain.com/blogsview/99192/Welcome-Active-Rain-Newbies

READ ME SECOND -  Setting up your Profile
http://activerain.com/blogsview/74458/Active-Rain-New-Members

Active Rain New Members Group - Learn it All!
http://activerain.com/groups/newbies

Do You Want To Be The Featured Agent In Your Area? - Points Breakdown
http://activerain.com/blogsview/113081/Do-You-Want-to

FREE Photos and Graphics for your Blog
http://activerain.com/blogsview/91574/Photos-and-Graphics-and

The Active Rain Invitation - Invite your Associates
http://activerain.com/blogsview/81450/The-Active-Rain-Invitation

Post Your Listings on Active Rain
http://activerain.com/groups/MLS

Your Active Rain Community Resource Guide
http://activerain.com/blogsview/65489/ActiveRain-Community-Resources-Updated

Feel free to contact me if I can assist you in any way, hopefully we can refer each
other some business in the future!

Good Luck to you and Happy Blogging!

06/18/2007 12:28 AM by Brad Andersohn ~ Community Builder (ActiveRain)


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Real Estate - Other: Kevin O'Grady (Diamond Sun Properties LLC)
Kevin O'Grady
Charlotte, NC
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Diamond Sun Properties LLC

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