Rehab Update

So , this property went on MLS last Friday night at $179,900 and we had a full price offer by the following afternoon.

Buyers are moving back to area and have their house in contract for sale. They want to move asap.

Here are the current terms we are looking for - Rent to own for 3 months or less with $40k down and the balance in cash once their other house closes. 3% towards closing if they close in 90 days or less, 1% if they close after 90 days.

We will be posting the final numbers once this deal has closed, but the rough numbers right now are purchase price of $83,000 and Rehab $25,000

Another one in Vacaville just finished and will be on market by tomorrow.