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Tax Liens & Mortgage Notes

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Jack Smith
Pro Member
  • Rental Property Investor
  • Massillon, OH
158
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182
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Negotiating on a note to sell...

Jack Smith
Pro Member
  • Rental Property Investor
  • Massillon, OH
Posted Aug 14 2020, 14:07

I am negotiation on a property with sellers to create a note for $70k, 5% interest on a 30 yr amm, 10 year balloon. Property is a duplex in NE Ohio. Needs about $15k in repairs I will be doing this fall. After repair monthly revenue will be $1400, ARV will be about $120k.

Is this a note buyers would be interested in?  

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