put in a bid for #94.., Part 2.

来源: jy101 于 2009-08-31 15:23:41 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (747 bytes)

offer of 25k accepted, contract sale, no money down, 6% interest, amortized over 5 years, no balloon, monthly payment $483 plus taxes and interests. the investor is happy I am taking it off his hand.

my crew will spend next 3 days painting and cleaning, possible tenant already line up, proposed rent is $675.


Part 1 here: http://web.wenxuecity.com/BBSView.php?SubID=tzlc&MsgID=181022

a small 3 bedroom home, 1 bath, 1200 sq ft, build in the 40s, new septic, new well, newer roof, easement to lake, needs new paint, new carpet, own by a investor, value $75k, tax $1200 a year.
1
Offered 25k, 1k down, contract sale, 5% interest, balloon in 5 years.

possible rent $575.

this will be my 94th unit.

所有跟帖： 

• that is such great deal!!!!恭喜恭喜! -MrsKwok- ♀ 给 MrsKwok 发送悄悄话 (0 bytes) () 08/31/2009 postreply 15:36:00

• what is contract sale? thanks!^-^ -rose88- ♀ 给 rose88 发送悄悄话 rose88 的博客首页 (0 bytes) () 08/31/2009 postreply 15:59:11

• seller financing. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (0 bytes) () 08/31/2009 postreply 17:39:00

• Oh, I understood. Thanks!!!!!!! -rose88- ♀ 给 rose88 发送悄悄话 rose88 的博客首页 (0 bytes) () 09/01/2009 postreply 07:24:09

• creative financing must used to go beyond the limited 4 (10)mort -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (198 bytes) () 09/01/2009 postreply 08:49:11

• Going beyond 4 mortgages? -doer99- ♂ 给 doer99 发送悄悄话 (256 bytes) () 09/01/2009 postreply 22:56:56

• 看得我心都痒痒 -SouthernCal- ♀ 给 SouthernCal 发送悄悄话 (36 bytes) () 08/31/2009 postreply 16:29:09

• haha, give it time, you will find one. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (52 bytes) () 08/31/2009 postreply 17:43:53

• Congratulation, and Question -ILovePretty- ♀ 给 ILovePretty 发送悄悄话 (225 bytes) () 08/31/2009 postreply 19:36:19

• you are right about 50k min for bank mortgage, but this sale is -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (81 bytes) () 09/01/2009 postreply 08:32:30

• contract sale and balloon -doer99- ♂ 给 doer99 发送悄悄话 (89 bytes) () 08/31/2009 postreply 20:52:21

• there are some differents. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (374 bytes) () 09/01/2009 postreply 08:45:08

• Congrats! So 6% for 5yrs, what about the rate after? -4008- ♂ 给 4008 发送悄悄话 4008 的博客首页 (0 bytes) () 09/01/2009 postreply 10:30:06

• payment is $483, it will be pay off after 60 month. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (36 bytes) () 09/01/2009 postreply 11:11:12

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