I don't have time to flip this property right now but I will eventually get to it. My theory is that I can either make a BIG profit in the near future or sell it now for a lil' profit to someone who knows the business (or is business minded), can see that there's still plenty of "meat on the bone" for them to make money & won't get caught up on worrying about what I have into it ($18,000). This is a 3 bedroom/1.5 bath 1900 Square feet with a humongous workshop/guest suite/apartment that needs A LOT of work! (time & money). I'm selling this home $28,500 and will pay all closing costs. Here's how it breaks down (-28,500 sales price + -36,500 repairs = -$65,000 investment + 110,000 resale = $45,000 Gross Profit - 8,000 closing costs/commissions = $37,000 potential profit. Serious buyers with cash on hand or letter from lender. Must close within two weeks or provide seller with $1,000 NON-REFUNDABLE deposit. Buyer cannot substitute or subrogate contract (either you want it or you don't). I'm willing to mentor "wanna bee" flippers or investors to insure you make money, get your feet wet and determine if this is something you want to do again in the future. As the OWNER/BROKER I will help resell this house via the MLS advertising/Marketing and will NOT charge you a commission for my services (3% vs. 6%). Home in great school system for the next buyer. Home will NOT qualify for a mortgage in it's present condition. If you have good credit you can get money from local lenders or hard money lenders (google hard money lenders). Consider home equity revolving line of credit on your existing home or borrowing from your 401K. Also consider partnering up with family member or friend who has access to cash and willing to be a silent partner and put the house in their name to protect their investment with a lien on the home for you when it sells to protect your interest. If you don't have cash or access to cash please don't waste each of our time (desire alone is NOT enough). Home is vacant so please feel free to drive by, walk around the home and peer through the windows. After that if you are still interested please contact OWNER/BROKER to schedule a showing. Jimmy Stewart Primeaux Realty LLC (Broker/Owner/Notary) Office: (3one8) 390-six8six3 Online Fax: (8six6) 543-8oneone3 Cell: (3one8) 458-6one7two jstew247 AT yahoo dot com www dot primeauxrealty dot com "Retired Air Force" Servicing ALL of NWLA Licensed in Louisiana Real Estate Commission Located in Haughton LA
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
