Another one! Seller finance fix and flip! 0% interest! 3yr Balloon.
🏑 Investment Opportunity Alert! 🌟
Discover another incredible real estate investment in San Antonio, TX! The one from earlier already got assigned. This is a different property in nearby area. same rental rate. Perfect for fix-and-flip and potentially buy-and-hold investors, this property promises excellent profit margins and steady cash flow. πŸ’°
πŸ”Ή Deal Highlights:
- Purchase Price: $93,000 πŸ’΅
- Assignment Fee: $7,000
- Down Payment: $27,900 (30% of Purchase Price)
- Amortization period: 30 year schedule.
- Balloon Mortgage Term: 3-years with optional extension of 1 year.
- Financed Amount: $61,500
- Interest Rate: 0% 🏦
- Monthly Payment to Seller: $350
πŸ”Έ Projected Financials:
- Monthly Rent: $1,500 🏠
- Monthly Cash Flow: $878.18
- Annual Cash Flow: $10,538.16
- Fix and Flip Profit Margin: ~30% πŸ“ˆ
πŸ”Ή Estimated Monthly Expenses:
- Property Taxes: $171.82 πŸ’Έ
- Insurance: $100
- Total Monthly Expenses (PITI): $621.82
πŸ”Έ Why Consider This Deal?
- 0% Interest Rate: Reduces borrowing costs and boosts your profit margin!
- Competitive Purchase Price & Fee: Aligns with local market values.
- Strong Rental Market: Projected rent aligns with area comps.
- Clear Legal Path: Includes vital documents like the Promissory Note & Deed of Trust.
- Flexible Exit Strategy: Suitable for both fix-and-flip and buy-and-hold strategies.
πŸ”Ή Secure Your Investment with Comprehensive Documentation:
- Inspection Contingency: 5-day inspection period πŸ”
- Financing Contingency: 5 days to secure financing
- Title Contingency: Clear title assurance within 5 days
- Due Diligence Period: 5 days for thorough research πŸ“‘
- Default Clause: Protects both parties
- Non-Disclosure Agreement (NDA): Ensures confidentiality πŸ”’
- Closing Date: Within 14 days or sooner if desired. πŸ“…
- Escrow Clause: Funds secured until conditions met
- Seller's Disclosures: Transparency about property condition
- Assignment Clause: Transfer rights with seller cooperation
- Indemnity Clause: Mutual protection from liabilities
- Arbitration/Mediation: Resolve disputes efficiently
- Prepayment Clause: Flexibility for early repayment
Legal and Security Documents Provided:
- Promissory Note: Secure repayment terms πŸ“œ
- Deed of Trust: Lien security for foreclosure
- Performance Deed in Lieu (Optional): Protects against default
Contact me for more details and to seize this opportunity before it’s gone!
πŸ“ž Phone: (808)-301-3411
πŸš€ Act fastβ€”this opportunity won’t last long!
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2 comments
Tuu Funaki
2
Another one! Seller finance fix and flip! 0% interest! 3yr Balloon.
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