I have 2 subject to properties that I picked up recently that Im willing to part with.
Both only need paint, carpet, blinds and a few small things and they are like new, about $2500 each worth of repairs.
Both homes will rent for about $1000 to $1200 easily, both in high rental markets.
The good thing is neither of these homes have payments due right now, and wont for at least another 90 days to 6 months or more cause Im processing loan modifications on them and ill stretch it out longer if needed. I do about 20 of these a month so I've gotten pretty good at it. That means you have a minimum of 3 to 6 months of mortgage free rental payments before you have to start paying the bank, and even then you will have your typically rental spread, $100 to $200 or so. This gives you a chance to make your money back plus profit hard really fast.
I get these deals all the time and I'm at my capacity of what I feel comfortable managing in my portfolio so I figured I would pass them on.
Shoot me an email if your interested in taking them over and ill give you all the details. Im not worried about your credit or finances, this is a great way for someone to get in the game without taking a big risk. Deeds are in my name so there is no middle man. We will work out a fair transfer fee and you are on your way. See you at the top!
Paul
Paul@MrPaulJones.Com
