THIS PROPERTY IS NO LONGER AVAILABLE FOR SALE! August 2008
BUY DIRECTLY FROM THE LENDER!
Open the door to the real estate opportunity of a lifetime
Buy directly from the lender. There is no developer, so there is no middleman. Developers sell real estate to make a profit. The lender who owns Madison Oaks wants to recoup its losses, which affords you the opportunity to purchase a unit at an unbelievable discount! Using our virtual, private bid system, you can bid on any 1 or 2 bedroom luxury condo unit, and come out with an incredible price.
This is how “opportunity investors” get unbelievable deals on property. For the first time, you can buy directly from the bank in our virtual private bid program!!
NAME YOUR PRICE, UP TO $65,000 OFF!!!
Demand your own aggressive discount
BUY DIRECTLY FROM THE LENDER
NO auction hassles
Submit your offer anytime by private bid
1, 2 , 3 Bedroom luxury condos
1/1’s at 772 sq ft. to 2/2.5’s at 1,332 sq ft. units range from
$144,900. - $261,127. public list price-before bid.
1/1’s are 772, 862, 877, or 966 sq. ft.
2/1.5’s are either 1064 – 1153 sq. ft.
2/2’s are either 1078 or 1182 sq. ft.
2/2.5’s are all 1132 sq. ft.
Est. monthly HOA fees: $167. - $ 321.
Capital Contribution (start up fund): 2 months HOA fees, due at closing
Taxes: approx. 1.5%
YOUR MORTGAGE PAYMENTS COVERED UNTIL 2011
Your mortgage is covered by on-time, automatic rent deposits!
The 3 year all inclusive corporate lease means no rent collection worries or property management headaches until 2011
3 Years All-Inclusive Corporate Lease.
Walden Pacific Property Trust becomes your tenant for three years.
These monthly payments are based on a 90% LTV at 7% interest-only loan.
(ie: purchase of unit $200,000. x 90% = $180,000. x 8%= $14,400.
annually, broken down into 12 monthly payments of $1,200.00 which is paid to buyer each month for three years.)
These are paid on time every time, whether the unit is rented or vacant, current or delinquent.
3 Years Property Management.
Hassle-free property management and handling of buyer’s tenants’ questions or problems until 2011! This includes screening tenants,
credit checks, advertising, repairs done, unit and property maintained. Owner is responsible for turn-key costs. This is a savings to investor of $4,500.
The bidding system: Check with GOLDBERG REAL ESTATE to view the available Madison Oak’s inventory.
Each unit will have its rock-bottom price. You can go in and bid for the lowest price for a desired unit. Bid will be accepted or not, on the spot. Within 48 hours a contract will be created, and within that time you, the buyer, must have prequalification letter from one of our preferred lenders and have paid his deposit of $5,000.