Post by wholesaledeals on Mar 26, 2007 11:41:19 GMT -5
Heated Square Footage: 1952
Bedrooms: 3
Baths: 1.5
Construction: Brick/wood
map page: 458B
16927 Woodburn Dr. 77049
ARV: 92k (appraised)
selling: 25k
repairs: 23.3K
This house has been abandoned for just about a year now and has suffered some vandalism. A majority of the work is simply trashing the place out. Certified Living Inspections has estimated the repairs at 23.3k, and I have several bids from contractors ready to do the work. Furthermore, the property has been appraised at an ARV of 92k.
Days on market are a little longer than average but rental comps in the area show that rent is going for about 800-900 dollars. With an interest only loan in place, you could easily cash-out the majority of the equity and still CASHFLOW this property about 200 dollars per month. Or you can leave the equity in there and make close to 500 dollars per month. Your call.
This is a no brainer deal, serious investors only! Please dont call me trying to finance this through your local bank, because it will not pass inspection, and I dont have that kind of time. Cash, credit line, and reputable hard money only. I have title open at Fidelity National Title, clear title.
Visit My Website: www.realnetusa.com
I have this and several other deals available. For more information, please contact:
Alan Hernandez
Real Estate Wholeseller
Realnet Services of Houston, INC.
6110 Richmond Ave 77057
Cell: 832-896-0998
alan.hernandez@realnetusa.com
Bedrooms: 3
Baths: 1.5
Construction: Brick/wood
map page: 458B
16927 Woodburn Dr. 77049
ARV: 92k (appraised)
selling: 25k
repairs: 23.3K
This house has been abandoned for just about a year now and has suffered some vandalism. A majority of the work is simply trashing the place out. Certified Living Inspections has estimated the repairs at 23.3k, and I have several bids from contractors ready to do the work. Furthermore, the property has been appraised at an ARV of 92k.
Days on market are a little longer than average but rental comps in the area show that rent is going for about 800-900 dollars. With an interest only loan in place, you could easily cash-out the majority of the equity and still CASHFLOW this property about 200 dollars per month. Or you can leave the equity in there and make close to 500 dollars per month. Your call.
This is a no brainer deal, serious investors only! Please dont call me trying to finance this through your local bank, because it will not pass inspection, and I dont have that kind of time. Cash, credit line, and reputable hard money only. I have title open at Fidelity National Title, clear title.
Visit My Website: www.realnetusa.com
I have this and several other deals available. For more information, please contact:
Alan Hernandez
Real Estate Wholeseller
Realnet Services of Houston, INC.
6110 Richmond Ave 77057
Cell: 832-896-0998
alan.hernandez@realnetusa.com