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This is a HOT one!!!
Really nice looking 3/2 house that you can buy subject-to a $59,000 mortgage. Payments are current. Payments are $708. This house was previously rented for $875 but currently vacant.
Not a lot of equity – it is only worth $65,000 to $66,000
You could buy this house subject-to the mortgage then re-sell with seller financing that wraps the underlying loan. You’d probably get $6,000 to $7,000 down and still have monthly cash flow of just under $200. This strategy would allow you to recoup all your upfront expenses immediately. I
We will assign the contract for a $2,000 referral fee. If you are interested in this one, email [email protected]
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