$900,000 After Repair Value -
$300,000 Asking Price -
$0 Cost of Repairs =
$600,000 Potential Profit

Property Details

Asking Price $300,000

After Repair Value $900,000

Costs of Repairs $0

Potential Profit $600,000

Living Area 1743 ft2

Property Type Multi-Family

Bedrooms 4

Bathrooms 4

Half Bathrooms 1

Parking 1

Listed with Agent No

Property Description


You can purchase this property for $300,000 cash and cover the mortgage on property. Mortgage is less than $6000 per month. You may also refinance to get a better rate on the mortgage. This method of transaction is called Sub 2. Remember, the mortgage is not in your name. Seller will keep the mortgage in his name, but you must pay it off... With this property, you can rent out both the upstairs and downstairs for $3500 and net $1500+ per month.

If it’s still confusing, run around the block and scream “ICE CREAM”..... I’m playing, if you have any questions, let me know. I also work with private lenders so if you need funding for another property, we can partner there.. I have a contract with the seller on this house and will get other properties soon as well...


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