Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

A very similar house down the street sold for $455k in August.

Henry, when working with distressed debt and modifications for re-performance, 12% is not hard to realize for yield and Dave has this process nailed down from years of experience.

Account ClosedEven with high interest rates, lots of folks investing or buying homes do well with FHA loans because of small down payments and good loan terms.

Maybe it's down for a minute?

Investment Info:

Single-family residence wholesale investment.

Purchase price: $47,000

Cash invested: $7,000

Sale price: $85,000

This deal was sentimental as I grew up on this street and wholesal...

Investment Info:

Single-family residence wholesale investment.

Purchase price: $47,000

Cash invested: $7,000

Sale price: $85,000

This acquisition was especially sentimental to me because I have s...

The property deteriorated so much after 3 years of neglect and vandalism and squatters that Dallas County ordered a “tear down” order and leveled and cleared the property, slapping on a municipal lean.  

Many times if it sounds too good to be true it is. 5% down and 5% on a rate would be well below industry average currently

The market is moving, people want to own real estate, and buyers are out there.It all comes down to marketing and pricing.If your product isn’t moving, it’s time to reassess: 1) Are you getting as many eyes as possible on your product?