Hello everyone, I live in California and I need help ASAP. I am down to my last $50 with no more income coming in. I have been building my buyers and sellers list for the last week, but have yet to get anything into contract. I have one agent that is willing to work with my and it is with the house below:
Here is the property description....by the numbers:
Down payment 30% 38,400
Closing costs 4,267
Total cash investment 42,667
Monthly payment 70% loan 684.74 @5.5% PITI
Monthly Income (rent) 1,195.00
Gross ROI 510 per month= 14.34%
4717 PENNEL CT, Stockton 95206 (Stockton)
$128,000 Beds: 3 beds Baths: 2|0 baths
HE WANT TO USE THE STANDARD C.A.R. (California Association of Realtors) form for Purchase and Sell agreement, is there a way to get around the earnest money? and would anyone know if someone would be interested in the above property?
Please PM me.