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Wholesale Property Buying Group Makes Acquisition In Baton Rouge
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Added: 11/13/2006
Type: Summary
Viewed: 237 time(s)
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Wholesale Property Buying Group Makes Acquisition In Baton Rouge
A wholesale property purchasing group announced today that their members have rapidly stepped up to complete the acquisition of 14 units in a condo conversion project in Baton Rouge, LA. In less than 10 hours, the investors at www.GetPreConstructionDeals.com scrambled to get their place in line to get access to one of the units representing a total sales value of over $2 Million dollars.
The acquisition is for 14 units in the Riverview Condominiums in Baton Rouge, LA. This project has been completed for nearly a year but until now, the developer has held many of the units. Recently, he decided to sell and enlisted the aid of a wholesale properties group. Because of the ability of GetPreConstructionDeal's ability to acquire wholesale property quickly, the units were priced very competitively and also have very attractive rents. In fact, for two bedroom units, the group believes that its members have walked into about $37,000 of instant equity with great appreciation expected going forward.
When asked why GetPreConstructionDeals.com is still having continued success finding attractive deals in this market and then moving those rapidly to its investors, co-founder Michael Zari replied "it is because we use our purchasing power to select only top quality projects and then we thoroughly educate our members so they can see the value in the wholesale properties." Mr. Zari went on to add that savvy investors are really starting to get active in this market because there is so many opportunities to pick up really good wholesale properties while the market is soft.
Riverview condominiums are located at 2045 N. 3rd Street in Baton Rouge. It is also one of the early front runners in a major redevelopment effort that is occurring in the down town district. Over the next few years, it is expected that many more residential properties will appear in this locale thus attracting the growth of restaurants and shops. Since their completion, the condo's have been very attractive to corporations wanting corporate leases.
About GetPreconstructionDeals.com
GetPreconstructionDeals.com is a large, web based preconstruction property group that purchases properties throughout the United States. It has a total subscriber base of over 21,000 members that receive educational newsletters and information but its core wholesale property purchasing group is its Mastermind Group. Currently, they are still taking new Mastermind Members but they envision closing the doors to new investors in the near future.
Michael Zari, Member, Investor Properties, LLC
8215 Madison Blvd., Suite 145, Madison, AL 35758, Madison County, United States. Tel. (256) 325-9320
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