Total price to Purchase: $1,460,000 (including assignment fee)
Net Profit: $340,000
ARV $2,150,000
Rehab 170k
Large .3 acre lot. House is in great condition.
Cosmetic updates only!
Great neighborhood, very quiet street.
3.3 miles from Apple!
Email me or call for details and address!
- 4 mo Hold Time
- 1st Lien: 75% at 10% + 1pt
- 2nd Lien: 15% at 12% + 0pts
- Buyer carry 10% plus float
- $3,000 in Buying Escrow Fees
- 4.5% Realtor Fee on back end sale
Price to Purchase: $1,460,000
Estimated Repair Cost: $170k
ARV: $2,150,000
Profit: $340,000
Important Notes:
- I signed a valid purchase and sale agreement with the seller of the property which allows me to assign my rights to purchase the property. I am not currently the owner of record of the property, so I am only selling the contract and my right to purchase the property.