Saturday, January 24, 2009
8505 S Morgan -Under Contract
OK, I can't seem to keep the inventory in stock. Another property just went under contract and it just finished being rehabbed. I guess I can't be surprised since the property will throw off a positive cash flow. The investor is placing a rent to own tenant in the property and will make a 6% guaranteed rate of return per year with an option for the tenant to buy after 2 years, with a 30k payday! Also they are collecting an upfront option contract fee of 3k from the renter/buyer.
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