BiggerPockets

Description:

$400/MO Cash Flow <br><br>
Triple Net Lease Option Tenant in Place subject to your acquisiton.<br><br>
Tenant has entered a credit repair program to qualify for an FHA loan within 24 months. <br><br>
Lease Option term is 24 months.
Tenant has executed bank draft authorization form for direct deposit of lease payments. <br><br>
Triple net lease structure, tenant handles ALL repairs and maintenance<br><br>.

Your Price: $120,000<br><br> FMV: $150,000<br><br> Option Price: $156,000 with $6,000 rent credit for on time payments<br><br> Your Profit: $39,600 (GP+CF)<br><br> For a complete due diligence package including comps, listings, property tax records, lease option agreement, P&S agreement, etc., please contact <br><br>Vincent Polisi at The Wealth Consortium at 404-474-1878 <br><br>or at vincent@thewealthconsortium.com