Residential Income: Intelligent investment choices in any economic cycle. If you're looking to buy, sell or exchange your investment property we have expert investment professionals to guide you...
Are you interested in buying income property at 30 to 50 cents on the dollar?
You can buy a duplex, triplex, a 4-plex or a 5 unit building priced from $60,000 up to $400,000 at 50% off or better with excellent cash flow.
That means your price could be $30,000 for a duplex. These properties are not garbage or part fo the good, bad and ugly. They are liveable, ready to move-in and up to building and local city codes or ordinances. Investors will receive clean, clear and transferable title to these properties upon closing. Your return on investment (ROI) is typically 15% or higher cash on cash "monthly". There are investor/buyer programs with performance guarantees where a buyer/tenant will be secured by a local property management. There are numerous different exit strategies all while you purchase bank owned property at thirty to fifty cents on the dollar. With those figures, you could purchase multiple properties with built-in equity and monthly rental income in the range of $800 to $4,000 depending on the price.
Some requirements are that you must be an all-cash buyer/serious investor. Since these properties are at steep discounts from the bank they don't want to deal with anyone who needs financing or has financing contingencies and neither will the REO asset manager. Thus, you will need to provide proof of funds to be eligible in this program. Investors will receive a due dilligence package on income properties you are interested in purchasing. At these price points these properties are "not located in California, Florida, New York, or high cost states".
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