Investment Opportunity in New Port Richey, FL - Partnership or Wholesale - Not Quick Flip

[Geo K.]

I have a High Reward deal in the New Port Richey area. This SFH is about 100 miles away from my area of business and I will need either a partner that is local or someone eager for a deal that would like to buy the opportunity from us.

The house is 4 bedrooms and 2 bathrooms with 1 garage and 1,804 sf. It is located in a cul-da-sac on a corner lot. The house was built in 1987 and is currently occupied by tenants paying $1,100 for the last 2 years and they have only been late once, in December of 2013. 

The tenants want to be the buyers of the house, but as many today, they can't get qualified by a regular bank. 

There is good spread in the deal, plus the interest if you are willing to hold a note for about 18 months. 

This is not a simple flip, is more of a buy create either note or a lease-option and help the tenant lift credit until they get refinanced. 

Another exit strategy is to buy the tenants keys and sell retail, however, that brings a few other steps that being local will be immensely convenient. 

If you are interested, send me PM and I will provide details. We can also have a phone call and I will explain more details to serious callers.