LAND CONTRACT: FIX & FLIP OR RENTAl WHOLESALE DEAL -- DOWN RIVER We are offerin this house for sale. Needs some TLC to get it ready for a retail flip or rental. Located in excellent Lincoln Park residential locations. We are selling because we just have too many projects going at once. College highlights: This is a 2 Bedroom 1 Bath, nicely set back from street, huge yard, nice layout. A little TLC and some new fixtures, this is a perfect flip opportunity. After repaired retail value is $39,900. Offered for $10K. ARV provided as a courtesy. We are not realtors. This sale is NET TO SELLER, wholesale, for sale by owner offering. Quit claim deed. Taxes will be paid through end of 2014. No realtor commissions are being offered. Land Contract Terms: College: Purchase price to be $10K, 30 year amortized with a 5 year ballon, $3k down payment, 11% on remaining balance due, you pay all loan costs, title insurance and closing costs. Estimated payments for P&I would be around $67.00 per month. You would also be responsible for taxes and insurance in addition to this payment. Call Chad today!
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