Georgetown SFR with Owner Carry, YOU JUST FRONT REHAB COSTS!

[Aaron Signer]

In this market, paying hard money rates to acquire a property and then fix it up adds up quickly. The opportunity here is that the owner is willing to carry the property while you cover the rehab costs! Then you split the profits!

SFR in Georgetown. 3 beds, 2 baths, 1750 sq ft.
New roof, and newer HVAC.
Needs an interior cosmetic update: kitchen, bathrooms, floors and popcorn removal.
Windows are aluminum single panes.
Overall talking probably $50-70K depending on finish.

ARV should be $430K.

AKA, agree on the price for the house with the owner, say $275K, front the rehab costs, and then when the house sells, and then split the rest with the owner.

Example: $430K - 7% realtor fee ($30K) - $275K - $70K (rehab cost) - finder's fee (4% of agreed sale price with buyer = $275K in this example: $11K) = $44K

$44K split with the owner = $22K each

That's a 27.5% ROI AFTER your cash is back out!

If you know of anyone who would be interested, please let me know.