Miami, FL · Member since 2017 · 11 posts · 3 votes
Hi everyone,
This is a listing I have had for some time and the seller has recently become very motivated. The numbers are based on estimates I've received from local contractors and a quick CMA to get potential sale price. The owner wasn't really ready to let it go until now. Their circumstances have changed and they need to sell quickly. We will be making a drastic reduction to selling price soon.
I know a hard money lender that takes 3 points and charges anywhere from 10% - 14% interest so I used that for loan numbers/holding costs.
Demand is very strong in this area for remodeled, move in ready homes, so I'm confident in the potential sale price. If interested, let me know and I will forward the listing. As always, do your own homework.