We need a Wholesale Investor to take-on this Project....You will need:
$165,000. + Closing Costs, to Purchase a 3-Story Home in Ocala, that is
Zoned: B-1 Commercial. It would be a Perfect Office for an Attorney, a
Business on the first Floor & Live on the 2nd Floor, & Storage on the
3rd Floor, etc....
It has been partially renovated & still needs an estimated 30K to
finish, & should easily sell for: 250K--300K+
It is located at: 406 NE 8th Ave., Ocala
MCPA Parcel ID #: 2826-014-002
It is the Yellow Painted House...everyone has seen it! Just One Block
North, across the street from it, was a Similar Property, Older & it
was a Historical Home, it had been renovated, & with a bit larger
Square Footage, it just sold for: $475,000. in 4/2008!!
I have the contract on this Property, & we really need to get this
Closed before the end of July!! First & Fastest Buyer, with CASH,
get's it!!
The Seller has a Balloon Mortgage which will be due in less than a
month...she did the Contract for just what she owes on the Mortgage,
let's help save her credit, from having a foreclosure on it, & you can
make a nice Profit, too!
I can provide More details, if you like....just Call me!
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If you are serious about WANTING to do this deal, but, are lacking the Money to get into the Project..... .I may have a Private Money Source to HELP you!
You would need SOME Money of your own to pay for some/all of the Closing Costs, & some extra to Start the renovation work. They will pay for 100% of the Purchase Price & the Renovations, but, max. out at 65% After Repair Value. The Renovation Funds are re-imbursed back to you, after you do a portion of the work. You will need at least a 620 credit score, & you pay just: Interest Only Payments. With a 700+ Score you can go up to 6 months with no monthly payments due, then, it becomes an: Interest Only Payments due Program, & then you just pay the Payments Amount owed, when you sell & re-pay the whole loan! There are NO Pre-Payment Penalties!!
Let me know, quickly..... I already have two people who are looking into this Project, & are considering this Project. We need to close before the end of the month!!