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Seller moved out of state. This was going to be a rental but he decided I can’t manage it from far away
2/1/2story..1236sf
Owned the house for 11 years
Needs repair spouting on roof window and bathroom floor repair
Balance $28,000
Payment $375.00 PITI
5% Fixed
CurrentYou can buy this house subject-to the mortgage. The seller just wants to walk away & does not want any cash out.
35 minute to Lima, 45 mins to Fort Wayne Indiana, 1 1/2 hrs to Toledo2 websites have it for $56,000 to $67,000
You could buy this house subject to the mortgage then:
1. Keep it as a rental
2. Sell ‘as is” with seller financing for $56,000 – get $5,000 down and monthly cash flow of $250 a month (if you did repairs you could sell for more)
3. Sell ‘as is’ with a highest bidder sale for the highest down payment. Should be able to get $10,000 down and $250 a month in cash flow.
Who wants this one? A $1,000 referral fee if you buy or sell the house. Email [email protected] with written agreement that you will pay fhr referral fee and keep us in the loop with the progress. A written testimonial or video would be nice too!!!
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