Wholesale Property/Reduced $30K
In previous posts I have explained what a short sale in real estate is, and how to negotiate one. Today I want to point out the perfect opportunity for someone who wants to build a rental property portfolio. With all the foreclosures in the nation, the rental market is in demand, and rents are up.
Hurry, REDUCED $30K! The bank has approved a short sale. Now priced at $139,900. The home is 4 bedroom, 3 bath, with fireplace, dining room, large patio, and wooden play set. Very nice home. Close in March, rent in April. Other homes in neighborhood listed in high $160's. 419 Hillcrest Commons, Canton, Georgia. Call 770-655-8353, or click email me
in left column of blog.
With 10% down, and 6% interest rate, the principle and interest payment is $755. It could typically be rented for $1200 a month. You start to cash flow right away. Taxes and insurance are approximately $200 monthly. So right away you have about $250 a month in cash flow.
Remember, short sales are one of the best opportunities in this market to buy low. Let the tenant pay the mortgage down, and the market adjust, and you have a property that is much more valuable than what you paid for it. Many corporate retirees are losing their pensions due to the market, or company failures. With stocks you can lose all your investment, and only be left with a piece of worthless paper. But, with real estate, there may be downturns, but if you buy right, the value increases, and you are never left with nothing.
Below are pictures of the property.
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Hurry, REDUCED $30K! The bank has approved a short sale. Now priced at $139,900. The home is 4 bedroom, 3 bath, with fireplace, dining room, large patio, and wooden play set. Very nice home. Close in March, rent in April. Other homes in neighborhood listed in high $160's. 419 Hillcrest Commons, Canton, Georgia. Call 770-655-8353, or click email me
in left column of blog.
With 10% down, and 6% interest rate, the principle and interest payment is $755. It could typically be rented for $1200 a month. You start to cash flow right away. Taxes and insurance are approximately $200 monthly. So right away you have about $250 a month in cash flow.
Remember, short sales are one of the best opportunities in this market to buy low. Let the tenant pay the mortgage down, and the market adjust, and you have a property that is much more valuable than what you paid for it. Many corporate retirees are losing their pensions due to the market, or company failures. With stocks you can lose all your investment, and only be left with a piece of worthless paper. But, with real estate, there may be downturns, but if you buy right, the value increases, and you are never left with nothing.
Below are pictures of the property.
Why not Subscribe to Real Estate Investor Girl?
Nice looking blog. At www.FLIPITBIG.com we encourage our members to either link their blog to us or even move the whole thing over there! We get over 10,000 unique visitors a week, so you would get a LOT of coverage. Let me know if your interested!
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