All Forum Posts by: Tim Murphy

Sorry Mark, as I was posting I got a buyer, so I quickly pulled off all the data.

Tim

Tim - TEST

Great cash flow property with built in Equity!!

Asking $154,000! A very recent bank appraisal valued the home at $175,000. The property is very clean and very sturdy, but it is dated. With minor rehab the ARV easily reaches $220K!

This may be a cash deal OR a Subject To deal, where buyer makes the sellers payments of $822/mo PITI. This house will rent for $1,800; the average rent according to Rentometer.

3 bed, 2 bath upstairs, 1 bed, 1 bath downstairs in basement. Basement has access from inside the house and a private entrance also. Unfinished space in basement to build another room or convert into its own unit: basement has same square footage as house!!

Zoning is RS9 which allows most any creative rental idea allowing for literally dozens of end strategies. Use this link to check out zoning:

https://www.cityofws.org/DocumentCenter/View/1075/RS9-PDF

Call me for details. Tim Murphy - 916-918-9117

Great cash flow property with built in Equity!!

Asking $154,000! A very recent bank appraisal valued the home at $175,000. The property is very clean and very sturdy, but it is dated. With minor rehab the ARV easily reaches $220K!

This may be a cash deal OR a Subject To deal, where buyer makes the sellers payments of $822/mo PITI. This house will rent for $1,800; the average rent according to Rentometer.

3 bed, 2 bath upstairs, 1 bed, 1 bath downstairs in basement. Basement has access from inside the house and a private entrance also. Unfinished space in basement to build another room or convert into its own unit: basement has same square footage as house!!

Zoning is RS9 which allows most any creative rental idea allowing for literally dozens of end strategies. Use this link to check out zoning:

https://www.cityofws.org/DocumentCenter/View/1075/RS9-PDF

Call me for details. Tim Murphy - 916-918-9117

Great cash flow property with built in Equity!!

Asking $154,000! A very recent bank appraisal valued the home at $175,000. The property is very clean and very sturdy, but it is dated. With minor rehab the ARV easily reaches $220K!

This may be a cash deal OR a Subject To deal, where buyer makes the sellers payments of $822/mo PITI. This house will rent for $1,800; the average rent according to Rentometer.

3 bed, 2 bath upstairs, 1 bed, 1 bath downstairs in basement. Basement has access from inside the house and a private entrance also. Unfinished space in basement to build another room or convert into its own unit: basement has same square footage as house!!

Zoning is RS9 which allows most any creative rental idea allowing for literally dozens of end strategies. Use this link to check out zoning:

https://www.cityofws.org/DocumentCenter/View/1075/RS9-PDF

Call me for details. Tim Murphy - 916-918-9117

Thank you so much Taylor

Hi, we are looking for a real estate attorney in North Carolina ASAP; an investor friendly attorney preferably. Seller in Winston Salem is under contract, buyers are viewing the property today, and our attorney has become non-responsive. 

We appreciate any attorney referrals you may have

I'm looking at a place in North Carolina that is priced for a cash flow of about $200/mo. The place is clean and in good shape but very dated. Rather than invest $$$$ to rehab, I'm considering a rent to own lease for tenants, but I don't know the details. In this area, average rent is $1,800, so I thought I could charge $2,000 for a Rent To Own lease. That said, I'm wondering how much of the monthly rent goes toward the tenants' monthly deposit toward the house? Also, what is a normal deposit for someone to enter a RTO lease? I appreciate any help, and if there is a thread or forum already on this topic you may simply direct me there. Thanks in advance to all that reply!