Wednesday, April 8, 2009

Sec. 8 Rental to Flip profit $17,000 I have End buyers


2515 S Gaines Street, Little Rock AR 72206
$32,500  after repair value $115,000
3 br  2 ba  Single-Family Home
This 3 bedroom 2 bath home has tons of charm. The property has a new roof (2008) and several other updates. Each room is larger than most living rooms.

I can fund rehab- Have end buyer in place for 75% of the  after repair Value $115,000
sale price $86,000 - purchase and rehab cost $52,000= $34,000 - closing cost $29,000 -
cash back to buyer -$5000  Reserves - $5000 Profits $19,000 minus our fee $2000

profit for this deal $17,000 

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