Conventional | ||
---|---|---|
After Repair Value | $550,000 | $550,000 |
Purchase Price | $475,000 | $475,000 |
Subject 2 Debt | $375,000 | $375,000 |
Renovation | $25,000 | $25,000 |
Cash Needed | $500,000 | $125,000 |
Sale Proceeds | $522,500 | $522,500 |
NOTE: Values are approximations based on the current market conditions
reverse mortgage not in foreclosure so have time to rehab and sell - cant be reinstated
Generate steady monthly returns investing in over collateralized real estate debt to buy distressed single family homes direct from owners and estates