Wow... a Single Family Home for Under $50,000...only $45,000 to be exact! That's right it's almost 1,100 sq ft and includes 2 bedrooms, 2 baths, an attached garage and even a covered carport and covered patio in the back yard.
The new listing for sale is just hitting the MLS today, and already there is excitement from the investor community. I have one savvy buyer looking for a great investment property who is looking to leverage her own resources with hard money, or as it is more commonly known today - as 'Private Money'.
The seller is a bank and yes the home for sale is an REO... or Real Estate Owned. There are two basic investment strategies this home will work with - both for the investor who wants to fix and flip - thereby generating some rather quick and easy cash flow or for the one who wants to build long term wealth by buying and holding the property - generating both a positive cash flow every month and positioning themselves for long term equity.
Some investors will want to negotiate a lower price - but I really don't think the bank will consider anything less, not at least until it has been on the market for a week or two...but come take a look and lets see what we can do.
Feel free to contact me at 951.443.6259. If you want to search the MLS for other great investment opportunities, then visit the website www.Come2Temecula.com.