Note Buyer · Silver Spring, MD · Member since 2015 · 70 posts · 18 votes
This single family detached home is located at 258 Omega Ct. Pensacola FL 32506.
property needs minor repairs. Perfect for the Investor who wants to make a quick profit. Purchase for 27,000 estimated repairs of 5,000 and ARV is estimated at 45,000. Investor could purchase for cash flow, rentals could easily bring 600-700 per mo. with only some painting. Maybe you are a Homeowner that wants a inexpensive place to live where it could be fixed up over time and sold for a profit. New A/C put in last year. Attached garage. email Don for more info.
Rental Property Investor · Gulf Breeze, FL · Member since 2014 · 1k+ posts · 733 votes
10y
Morning @Don DeMarco. I see you are a note buyer which is something I'm interested in but cannot quite wrap my brain around it. According to the county records your company purchased this property for approx. $43k in 2014, but now you're offering for $27k. Assuming this is typical as part of the note buying process. Can you elaborate?
Note Buyer · Silver Spring, MD · Member since 2015 · 70 posts · 18 votes
10y
Jim, I did not purchase the note for 43,000, I purchased it for much lower and was able to get a DIL shortly after I purchased. I rented the property for the last 2 years for 750 a month and now the tenant has moved out and instead of renting it again I have decided to sell to buy more notes. I an confident it will sell but if it does not I will keep as a rental, it is a good cash flowing property.