Brandon, FL Condo 65% of FMV

[Brian Essex]

1. Cost of Note is 41K
2. Vacant and secure
3. My lawyer says it looks very good from a legal perspective.
4. A final summary judgement has been signed by the home owner, its going straight to foreclosure…3-4 months
5. My research and a realtor that I contacted strongly believe it would sell quickly at 62K-65K.
6. Expenses to consider: 2K for the lawyer, 2K for past HOA dues, 2K realtor commission if sold, $1,500 prop taxes are due.
7. 2 bed 2 bath and 1,200 sqft, would rent for $950-$1000, could be a very good cash flow property
8. Right off the I-75 and Cross-town expressway, close to Tampa

email if interested.