Great 'Sub to' rental property on far west side

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Great 'Sub to' rental property on far west side

Wholesaler · San Antonio, TX · Member since 2016 · 49 posts · 6 votes

This is a great 'Sub to' deal:

ARV: 135k
Repairs: 0
Selling price: 125k
CASH NEEDED: $20,000 + closing cost (You can take over the payments with a principal bal of 105k)

This is a great 'sub to' deal that I want to wholesale. Get your hands on a $135k SRF with $200/month cash-flow and 10k of build in equity investing on $20k cash.

A qualified buyer will give $2,000 earnest money deposit and close in 14 days.

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  • Wholesaler · San Antonio, TX · Member since 2016 · 49 posts · 6 votes
    10y

    Just wondering ! Why doesn't this interest anyone ?

    Come on 10% cash on cash return plus a built in 10k equity on top of adding a "rental unit" in your portfolio worth 135k for 22k !

    or do a wrap around in 6 months and get out of the picture getting the mailbox money.

  • Real Estate Investor · Buda, TX · Member since 2015 · 7 posts · 0 votes
    10y

    Hi Eyan,

    What is the address, #BRs, baths or your property? I'm looking for a good deal to do from my S.D. 401K, but it needs to be in a good area for rentals.

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