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Updated over 7 years ago,
Rate of return on Sub-to deal when selling the property
Hi, everyone. I am seeking for an advice. I have a property that was acquired as Sub-to. Came with tenants who moved out 4 moths later after we closed title. Had to make rent ready repairs. When trying to renew the lease the property I was offered to sell it. Trying to analyze whether to sell or not. What would normally be a good return ratio in case to sell this property to a retail buyer? Would this be a "wrap around" closing?
What percentage of sale price be charged by title company for closing costs?
Please share any thoughts and advice. Thank you.