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Updated 5 months ago on . Most recent reply

User Stats

36
Posts
4
Votes
Gene May
  • Lender
  • PO BOX 201 Osage, MN 56570
4
Votes |
36
Posts

Investment Opportunity in Texas

Gene May
  • Lender
  • PO BOX 201 Osage, MN 56570
Posted

We are seeking $165,000 to secure a general warranty deed on a prime property. Here's the breakdown:

  • Loan to Assume: $675,000 1st position loan
  • Total Investment: $840,000
  • Property Value: $1,125,000 (74.5% LTV)
  • Status: All duplexes are rented
  • Timeline: Assumable loan due in December, with refinance lined up and ready.

Details:

  • Proof of Funds & Approval: Available upon request.
  • Deadline: $165,000 needs to be wired by Friday, October 11th to the title company to secure the deal.
  • Security: You'll be on title and the insurance policy.
  • Personal Guarantee: Provided.
  • Promissory Note: For the $165,000.
  • Exit Strategy: You're off the title and paid in full upon refinancing completion.

Don't miss this opportunity to invest in high-value, fully rented duplexes!

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