I am a licensed Realtor looking for alternative financing to purchase the condo I currently occupy. The owner would like to sell and has offered me an exclusive rate to purchase the property before listing it at market rate on MLS.
I am seeking a short term loan (6-9 months) to purchase the condo for $93,000 with intent to re-sell the unit after winter. My Investor will have 1st Lien to the property (deed) until loan is paid off in full with interest.
3 other units have been sold at this complex to other Investors within the last 12 months, 1 unit purchased by the homeowner, and the average sale for these condos is $105,000 and they have been selling pretty fast due to the location and price
Condo located in ideal Omaha location, near Interstate, schools, churches and shopping centers
3 bdrm, 3 bath, attached 2 car garage, patio, appliances included, 1686 finished sq ft
This condo is one of a 20-unit complex, each condo individually owned with monthly association fees of $189.
Taxes $1,963.00 annually. Currently rents for $1,200/mo