OfflineJust locked up this 2 bed/2 bath/1 car garage house with
1446 sq. ft. living; 1894 sq. ft. under roof. It has an additional family room & screen porch. Would be a great rental
for an Investor. It needs paint, carpet & appliances & would bring $ 700 to 750/month; insurance is about $ 80/month; & property taxes are about $ 65/month.
Zillow values it at around 56K; shows it should sell as a foreclosure around 50K. Original homes like this sell for 51K
to 62K. It is assessed at $ 43,500 for taxes.
We would do a quick flip for Cash at $ 42,500.
That would give you about $ 550/month positive cash flow!
Which should work out to about 15.5% ROI.
PM me if interested. Thanks, Gary
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If someone would like to "partner up" & put up 40K, we would put up the money to do the remodeling/repairs; roof, new kitchen cabinets, counters, appliances, both bathrooms - toilets, vanities, paint, inside & out, carpet, etc.
It should sell for 70K completely remodeled. We would split the profit 50/50. Remodel/repair costs should be about 15K.
2015 is looking good huh ?? great job
all the best
WALT
2015 is looking good huh ?? great job
all the best
WALT
Thanks Walt, I'm meeting with someone tomorrow morning about buying another house
too.