All Forum Posts by: Jared Irby

Exterior:

• House is located in the Historical Oakleigh District
• 4-plex house
• Right across from Washington Square

Interior:

• Approx 3,000 sqft
• Massive reno needed for all units
• Original hardwood floors

Original Mortgage: $115k ($165k with $50k down)

Current Balance: $112k

Payment Amount: $850/mo

Current Property Value: ~$125k+ (good condition 3/2 brick house on alligator bayou - pretty well maintained)

Interest Rate: 8%

Term: 350 months (approx 321 months remaining)

Note purchase price: $72,500 (LTV at purchase: 64%)

The mortgagor is currently paying and has been except for a 2-3 month period where he had a job loss but caught up in full and is on the straight and narrow. He wants to refi in a couple of years to get a lower rate. Only real downside I can see with the note is the almost 30-year term, but I think the odds are low it goes the full term. If it did the yield is still well over 13% really hands off.

The seller is the old man who built the house and lives next door. He owner financed the house to the borrower (who put $50,000 down). He is in his 90s. Really nice guy and I think he is trustworthy and honest. I think its a really solid deal that I personally would like to keep, but have a lot of cash invested all around at the moment. Let me know if you want some more details or not!

Jared Irby

251-202-2222

Exterior:

• Needs new roof
• Repair Carport (tree damage)

Interior:

• Needs HVAC work
• Ceiling repairs
• Needs paint

Exterior:

• Roof is in good shape
• Storage shed in the backyard

Interior:

• Partial hardwood flooring
• Needs paint
• Replace all carpets
• Central HVAC

@Odie Ayaga @Daniel Sperry @Brandon Moore Can you send me any recommendations for the Jackson area as well? Really looking for some good agents to work with.... Also title company or property management companies would be great.

Exterior:

• Brick Slab House
• Sits on 10 Acres of land
• Has a pool in good condition
• Another house in the backyard
• Metal Roof
• Fence around the whole property

Interior:

• Good A/C
• Needs general updating

We sell AS-IS houses in any condition! CASH ONLY! If you are interested, please contact Eric at 251-210-7273 or [email protected].

If you are interested in this property; please contact Eric at 251-210-7273 or [email protected]

Exterior:

• Huge front & backyard
• Carport space
• Storage shed in the backyard

Interior:

• Huge sunroom
• Needs paint & carpet

We sell AS-IS properties! If you are interested in this property; please call Eric at 251-210-7273 or [email protected]

Exterior:

• Brick split level house
• Good roof
• Pool needs a liner repair
• Huge back patio area

Interior:

• Needs updated bathrooms & kitchen
• Huge den
• Wood burning fireplace
• Appliances will be included
• Hardwood floors
• Unfinished basement

Exterior:

• Solid structure
• Lots of storage space
• Roof Repair

Interior:

• Ceiling repair
• Needs A/C
• FULL remodel
• 3rd bedroom needs a closet

If you are interested in this property; call Eric at 251-210-7273 or [email protected]

Exterior:

• Brick slab house
• Good roof
• Good A/C
• Huge backyard

Interior:

• Minor ceiling repairs
• Minor painting

If you are interested in purchasing this property please contact Eric at 251-210-7273 or [email protected]