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 | Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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Property Details |
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| Property Information |
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| Project Name : |
Rental Property in Booming Town |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
Texas |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
1250 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Acres |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Good |
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| Property Description: |
Take advantage of the local oil boom. 99% Rental Occupancy rate in this town.
2/1 Nice Home on Major Street in Odessa, TX. Fenced in back yard. Hard Wood Floors in Living Area. Central A/C. Just finish the updates on this house and you’re ready to go! Cash Buyers Only.
ARV: $89,500
Tax Appraisal: $58,825
Repairs: $7500-10,000
Rental Rates: $900/mo
- Comps and Estimates Available
- Title Company ready to go.
- Will manage onsite repairs for you. Contractors already lined up.
- Trusted Property Manager available.
- Payment servicing system for owner-financed properties available that will report to credit bureaus in order to refinance out in 2-3 years.
- Not the property for you? Contact me and let me know what you are looking for. |
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| Surrounding Neighborhood: |
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| Purchase & Invesment Information |
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| Purchase Price : |
$49,500 |
| Investment Type : |
Wholesale Property |
| Investment Amount Needed: |
$49500.00 |
| Equity offered to Equity Partner : |
0.00 |
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| Estimated Cash on Cash Return for Investor : |
Members Only |
| Contingency Expiration Date : |
Members Only |
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| Process Complete to Date: |
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 Members Only |
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| Why is the Property being Sold?: |
| Members Only |
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| Personal Invesment Details |
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| Will Seller Carry a Note : |
No |
| Rate : |
Members Only |
| Years Amortized : |
0.00 |
| Amount : |
$0.00 |
| Ballon Amount : |
$0.00 |
| Prepayment Penalty : |
$0.00 |
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| Familiarity with Property : |
Very Familiar |
| Familiarity with Neighborhood : |
Very Familiar |
| Time Inveting in Realestate : |
3 - 5 Years |
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Market rent / Vacncy Information(0) |
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Floor Plan / Site Plan (0) |
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