This is a 3 bedroom, 1.5 bath with 1 space for parking
and 1440 crawl space
It is in fairly good condition and only needs cosmetic repairs
Currently Owner occupied – But ready to RELOCATE!
Mortgage Balance $48000
Payment $281 PITI
4% fixed
Current
Owner has agreed to let someone take over her mortgage ( buy subject-to)
Zillow and others $68,000, 71,000..$71,000
Looks like not much equity but there is a way to turn this in to a money machine!
You could just buy then rent it out. But you’ll make a LOT more money if you do a Highest Bidder Sale for the down payment.
After you buy subject-to the mortgage, then you’ll advertise the Highest Bidder Sale.
Starting price could be $72,000 – maybe even $75,000.
Being sold to the person who puts up the highest down payment.
You should be able to get $7,000, maybe $10,000 or more down.
And you will be able to get a nice cash flow of $250 a month.
$500 referral fee – only paid after you buy the house.
If you want this one, email [email protected]
You could just buy