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.
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Marketed the house “Owner Financed” and sold in 5 days on wrap financing for $149,500.
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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.
