KNR 4 Closes Escrow!

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Written by Klaraos | 22 June 2010

We just received great news and I wanted to share it with everyone.

We have closed escrow and received funds in Klaraos Neighborhood Redevelopment 4.  KNR 4 purchased a home on Cornejo Way in Sacramento on May 25th.  The large home needed a decent amount of clean up to become move in ready, was done under budget, and the home was listed just 9 days after purchase.  After just four days on the market, we opened escrow for the sale of Cornejo Way, with an all cash, quick close. 

The funds have hit the account today, June 22, for a total hold time of 28 days!  The purchase price was $237,000, and after all construction and closing costs, a little more than $259,000 was returned; representing an IRR north of 115%, yet another successful purchase and sale for Klaraos Neighborhood Redevelopment.

If you have any questions regarding KNR, please give us a call, and we will gladly share information on this investment opportunity.

Very Best,

Geoff Zahler

P.S. Here is a snapshot of the home on the day it went up for sale.

KNR makes it 4 homes in 4 weeks

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Written by Klaraos | 04 June 2010

Another great success!

Klaraos Neighborhood Redevelopment is pleased to announce that we have successfully bid on a home at Narwal Ct, in Sacramento!  The winning bid was $170,000.  The home is in a nice, newer area, and was built in 2003.  There will be very little work, and the home should be on the market by this time next week.  This is the fifth home purchased in the venture.

If you have any questions about Klaraos Neighborhood Redevelopment, please let us know.

Unemployment Geography

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01 June 2010

This link was sent to us showing the growth of unemployment across the country in the last three years.  Enjoy.

 http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

   

KNR 2 Opens Escrow

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Written by Klaraos | 01 June 2010

After only seven days on the market, KNR 2's home on Bissett Way, in Sacramento has opened escrow.  The original offering price was $249,000, and we are very pleased with the accepted offer that is now in escrow.  We will share more information as it comes through.

This is the second home in the Klaraos Neighborhood Redevelopment venture that has seen an escrow.  Bissett was purchased on May 12, 2010, and is in contract after only 2.5 weeks.  For more information on Klaraos Neighborhood Redevelopment, please feel free to contact us.

Happy Monday to all!

The Sun is here... it's time to Party

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Written by Klaraos | 01 June 2010

In celebration of the sun finally coming out (and staying out, hopefully), we at Klaraos wanted to spend some time celebrating with our clients and friends.  We will be having an Open House type event, with the usual wonderful food and drink.  We will begin on Thursday June 3, at 5pm.  Please come on by if you can, even if just for a moment.  The hibernating is over for the winter, let's all say hi to everyone we've missed.  No RSVP is needed, just bring your thirst and appetite, and we will supply the rest.

 

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