305 Sunrose, Cibolo, TX Project

DESCRIPTION:

Motivated seller, divorced & moving out of country

CHALLENGE:

House ARV (After Repaired Value) =   $140,000

Our Purchase Price =                                   $86,000

Repairs =                                                           $1,000

Closing/Carrying Cost =                            $3,000

Total Loan =                                                 $90,000

SOLUTION:

  • House was in very good condition, only needed minor cosmetic repairs and landscaping.  Private investor lent $90,000 for purchase and carrying costs.
  • Marketed the house “Owner Financed” and sold in 5 days on wrap financing for $149,500.
  • Investor receives $675 (interest only) monthly for 6 years = $675 X 72 = 48,600 plus capital return of $90,000 when deal has completed its cycle.

 

Project: 305 Sunrose, Cibolo, TX