I KNEW THE OWNER - HE PASSED AWAY
AND THERE WAS A CARE TAKER AND FAMILY
MEMBER LIVING THERE PAYING NEXT TO NOTHING
FIRST DEAL WENT SOUTH DO TO THE
GARAGE CONVERSION BEING UNPERMITTED
SECOND DEAL WAS A CASH INVESTOR
CLOSED RIGHT BEFORE THE 2025 DEADLINE
AFTER A CERTAIN DATE OWNERS WERE UNABLE
TO TRANSFER THE SIX FIQURE SPECIAL ASSESSMENT
ON TO THE BUYER - THEY WOULD HAVE TO SETTLE
AT THE CLOSING TABLE. BANKS DO NOT LIKE TO
FINANCE YEARS OF NEGLECT SO . . .
WOULD NOT HAVE ABLE TO FINANCE THE
ASSESSMENT ANYWAYS.
OUR FIRST DEAL WAS FINANCED
APPRAISED AT $213K
WE CLOSED WITH A CASH BUYER
AT $183K
BUT THEY ASSUMMED THE $117K
SPECIAL ASSESSMENT
TOTAL INVESTMENT $300K
WILL EASILY RENT FOR $3K PER MONTH
WHICH IS THE 1% RULE INVESTORS LIKE
6 4 6 . 3 3 1 . 1 1 7 3
LETS HAVE A CONVERSATION ABOUT
YOUR PORTFOLIO
#REALTOR #TOP #BEST #BROKER #LISTINAGENT #PLANTATION #SELLING #HOME #FSBO
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