December 29th, 2009
In today’s real estate market, the lending guidelines are so tight that normal blue collar people cannot qualify for a loan to purchase a home. Due to these tight lending guidelines, the market is suffering tremendously and sellers have very few options. One option that is shining enormous light on the situation is seller financing, also known as “agreement for deed” or a “land contract”.
In a typical seller financing or agreement for deed, the seller/owner sells the property to a buyer for an agreed upon amount of money. In essence, the seller is the bank. The buyer makes a down payment then the monthly payments to the seller. The seller does not transfer the title until the loan is refinanced or paid in full, thus the name “Agreement for Deed”. Read the rest of this entry »
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agreement for deed, land contract, seller financing
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Posted in Financing | No Comments »
December 9th, 2009
2411 – 2415 Charlotte St.
Greensboro, NC 27401
(NO LONGER AVAILABLE)
SUMMARY Greensboro Commercial Wholesale Deal boasting a Potentially 14.3% Cap Rate! Apartment consist of 3 buildings, a 2-story apartment building, 3-story apartment building, and a house used as the property management office. There are 17 total apartments, all bedrooms have there own bathrooms. The unit mix is 10 - 3bedrooms and 7 - 2bedrooms for a total of 44 units, bedrooms and bathrooms. Each apartment needs an HVAC unit. The walls will need repair where the copper condensation lines runs through the rear wall of each unit. Read the rest of this entry »
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cash flow, Greensboro Commercial, Greensboro real estate, investment, multifamily
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Posted in Wholesale Properties | 1 Comment »
December 8th, 2009
811 Gaines Rd.
High Point, NC 27263
List Price: $28,500 Total ERV: $57,000
SUMMARY High Point wholesale property 2 bedroom, 1 bath home with updated kitchen and bath. This gem has central air and heat but if that’s not your thing, relax on your front porch or enjoy the great weather playing in the big back yard! Within walking distance to Allen Jay Park. GREAT RENTAL INCOME POTENTIAL! Read the rest of this entry »
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discounted real estate, High Point, wholesale property
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Posted in Wholesale Properties | No Comments »
November 7th, 2009
Now that Congress has passed the Home Buyer Tax Credit Extension and President Obama has singed off on it, the homebuyers’ tax credit will be extended to April 30, 2010.
The housing credit portion of the bill extends the $8,000 tax credit for home buyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to other homeowners who have lived in their current home for at least five years and are seeking to relocate. Read the rest of this entry »
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first time home buyer, tax credit extension
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Posted in Real Estate | 1 Comment »
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