“Investment Property Market Very Strong”

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Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“Investment Property Market Very Strong”

 

Good morning this is the property that I was talking to you about it Asking price is 380,000 however, it is worth more than they asking. They are now asking for the highest offer  and we will be 440,000.

The property has two 1 bedroom apartments and it can be rented for $1500 each and the 3rd apartment is a 3 bedroom And it can be rented for $2500. Some painting and a little updating in the kitchen otherwise it's a great piece of property. Let me know your thoughts please, I will need you to do another investor cash flow mortgage, as before will be putting 20% down. As always, wish me luck, thank you Joe.

 

In many markets and in this price range, 20% above asking price is not unusual, but with this kind of cash flow, it is understandable and the property would easily have a health return on investment.

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Havong a source for this type of loan, priceless. Not going to happen at your local bank. Enjoy your day.

Oct 11, 2021 03:52 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Smart investor in having a professional check his figures.  Mark

Oct 11, 2021 08:17 AM