PURCHASE WITH SELLER FINANCING! PLEASE READ THROUGH THE ENTIRE DESCRIPTION BEFORE MESSAGING ME. I am the PROPERTY OWNER. This is NOT A SCAM and not "Rent to Own" or "Lease Options", because you technically own this property the day you move in so there is no renting period. This is an extremely rare opportunity for renters that have been dreaming about owning a spacious, completely renovated house with huge lot in top school district of Hacienda Heights (not La Puente) and close to highways, shopping, schools, etc., however, they: 1. Do not meet income or credit score requirements for bank loan; 2. Do not have enough down payment for bank loan or do not want to pay high mortgage insurance for many years; 3. Want comparable interest rate as bank loan rate through seller financing; 4. Want to renovate the house the way they like using seller's money; 5. Want to pay down principle starting on the first day they make payments; 6. Want to pay today's below market price for a house instead of the price years later when they are finally qualified for bank loan; 7. Want to make a profit with all paid principles credited back if they decide to sell the house years later instead of applying for bank loan; 8. Want to have income producing units to help with monthly payments; 9. Want to have outdoor space of 13,000+ sf at the end of a cul de sac for entertaining, gardening, farming, RV parking, animal fostering, small business, etc. 10. Are tired of moving due to rent increase, landlord selling the house, neighbors are too noisy, etc. I had 3 properties in the past that I offered seller financing which helped my renters to own their houses years earlier than they anticipated and saved them tremendous money on rent and equity. The reason I am willing to do it on this property is because I got a very low interest rate last year with extra points paid, so I will have a decent cash flow by selling it to a buyer with a higher interest rate but without the headache of dealing with unpaying tenants, turnovers and repairs if keeping it as a rental. I will be happy to work with you on all terms that will suit your financial and personal needs. This property also has an approved 1200 sf ADU plan with 3 attached garages, so if you choose to build ADU later, the total rental income will cover your mortgage payments and much more. The candidates qualified for purchasing this property are: 1. Annual gross household income is great than $120K; 2. Have at least $40k as down payment; 3. Have steady income; 4. No past evictions or criminal records; 5. Can provide landlord reference; 6. Do not have aggressive pets (There are no other restrictions on pets); 7. Can move in sometime between April 1, 2023 - July. 1, 2023. Please apply through Zillow and run credit (bad credit is OK)/background check and ensure you have provided income and employment info on you application. Note that rent amount of $5500 is for reference. Depending on your down payment amount, financing terms and a few other factors, the monthly amount due can vary significantly. For example, if you choose $50k down payment with 30 yrs fixed rate, your monthly payment including interest, principle, property tax and dwelling insurance is about $5500 after deducting rental income ($1500) of the attached studio, and will continue to reduce because rent for studio will be increased every year. You are welcomed to drive through the neighborhood or see the exteriors, but please do not disturb tenants. Note that the interior pictures you see on online will not reflect the condition when you move in because it will be renovated after purchase agreement is signed. Also, after you refinance with bank loan when you are qualified (you will decide how many years you will need), the detached garage converted to 1 bed 1 bath will generate rental income for you as well, which has current market rent of $1800+/month. Before ADU is built, this property has total of 5 bedrooms and 4 bathrooms (2202 sf), newly renovated from top to bottom when you move in. After ADU is built, there will be 4 more bedrooms, 2 more bathrooms (as 2 rental units) and 3 attached garages. The potential of this property is endless and will accumulate your wealth quickly. This is probably once in a lifetime opportunity to change your destiny, and I will be there for you to help achieving it. Occupants pay for all utilities, all other terms are negotiable.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
