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Updated over 7 years ago on . Most recent reply

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9
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Dana Haas
  • Investor
  • Spring, TX
0
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9
Posts

Rate of return on Sub-to deal when selling the property

Dana Haas
  • Investor
  • Spring, TX
Posted

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.

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