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Buy and Hold Rental Contract purchase price

$82,000

Rehab cost

$10,000

Wholesale fee

$5,000

Closing cost using Hard Money

$5,000

Total loan using Hard money

$106,000

The buyer owns the property now with a loan of $106,000 Once work was done refinance the property based on actual value Appraised value $142,000, is 75% which is $106,500. The buyer obtained a ‘rate and term loan’ of $106,000 to pay off the Hard money loan. 30 yr PITI = $680 Rent =

$1300

Cash flow = $620 per month, or $7440 per year No money down, and has equity of $36,000 Paul@LincolnCommercial.com

303.419.2180

Buy and hold Rental  

Buy and hold Rental