Emergency! But You WILL Make Money: Single Family Home Investment Property
I've already put some calls out on this so if it's gone by the time you call/email, sorry. But here is the deal.
I received a call from a distressed single mother who got flim-flamed. Being raised by a single mom it irritates me. Anyway, she signed a lease option agreement in November 2006 for a single family home in Blue Springs, Missouri. Three bedrooms, one full bath and two half baths, and a two car garage. Long story short, she got messed over. But this could be to your gain.
Some Facts;
- I will operate as an agent representing the Buyer.
- In the interest of full disclosure I will also be pulling for the tenant to some degree because she has not had good experiences and is not experienced with these kinds of negotiations.
- The house in question is in Blue Springs, MO.
- The house in question is in foreclosure proceedings.
- You will have less than 30 days to close.
- You will purchase "As Is."
- Current lender payoff is roughly $107,000.
- My fee will have to be added to that number.
- ARV of the property is $125,000 - $130,000.
- Roof is serviceable for a number of years. (Not a guarantee.)
- Furnace and A/C operate well but are on last 6 months to 4 years. IMO.
- Water heater is newer.
- Structural integrity looks very good to me. IMO.
- Needs painting, some wood rot repair.
- Needs attention to poor drainage
In my opinion, the paint, wood rot, furnace and A/C and drainage are all doable under $6,000. Probably under $5,000. The rest of the condition of the house is good.
Current tenant needs to rent with option to purchase for a period of 24 to 36 months. Probably 36. At that point she wishes to purchase home. Some rent credit to be built in.
If you are interested call or email immediately. Not much time on this one. I think you'll make money and do a good deed.









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