NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Owner VALUE: $1,660,000
    LOAN: $50,000
    EQUITY: $1,610,000
TITLE: LAND, PAPER, AND CASH
TYPE OF PROPERTY: Land
HAVE: 21 platted lots with sewer in place in Cortez, CO, 670 acres of rolling hills in Nevada NE of Reno, Manitou Springs, CO building site and $820,000 of first position paper.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Cortez, CO COUNTY: Montezuma
BENEFITS TO NEW OWNER: Lots are ready for street and then lot or home sales. Nevada land is a full section with 4 platted 40 acre parcels and a good road crossing it. Manitou lot ready to build. Cashflow from secure Notes. May add equal amount of cash.
GROSS SCHEDULED INCOME: $0    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $0
EXPENSES: $2,300
NOI: $-2,300
DEBT SERVICE: $0
CASH FLOW: $-2,300
CAP RATE: 0.00%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $50,000 $250 6.00% 2018 Y
LOAN 2:      
BENEFITS SOUGHT: I would like to use these parcels, or notes against them, along with the Notes and the Cash to move up into income. Prefer seller carry, will go up or down. The closer to Colorado Springs the better.
CAN ADD: New land notes, commercial note, small residential properties in Colorado, bar in Idaho, notes against properties in acquisition, cash.
REMARKS: I am a buyer with these and other equities. Looking for more income. I don't like banks. I will leverage, hold, move up or down. Not too area bound, can't afford deals that don't make money. Will put land into your deal for paper.
COUNSELOR: Blake Allen, EMS
Allen Realty
108 Canon ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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