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Pros and Cons of Purchasing a Foreclosure Auction Property
There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
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How to Purchase a Fannie Mae Foreclosure Property
Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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  Property Details  
     
     
 
Property Images
 
 
 
 
     
 
Property Information
 
 
Project Name : Wholesale Downtown Phoenix Duplex
Property Type : 2 - 4 Units
City : Members Only
State : Arizona
Zip Code : Members Only
County : Members Only
   
Square Footage (GLA/ GBA) : 1100
Lot Size : Members Only
Lot Attributes : Members Only
Measurement : Sq. Ft.
Number Of Units : 2
Zoning Code : Members Only
Over All Property Condition : Above Average
   
Property Description:
WHOLESALE PRICE! CASH OR HARD MONEY PRICE ONLY This is a STEAL!!! This property sold for $220K two years ago! Check out all the new remodels on the street! Currently I have 3 offers at $85,000! 2 FHA (we won't wait to season!) and 1 conventional loan (they are struggling w/ their down pmt!)Has GREAT curb appeal and Historic charm.. Both units vacant and ready to rent! Each unit will rent for $500++ (placed CL ad and received 20+ calls!) BONUS!!! the huge lot next door is included! Use it for plenty of parking now and build another two units when the market comes back! BRING US AN OFFER TODAY. $2K non-ref deposit gets it!
 
Surrounding Neighborhood:
Members Only
 
 
 
     
 
Purchase & Invesment Information
 
 
Purchase Price : $69,000
Investment Type : Wholesale Property
Investment Amount Needed: $0.00
Equity offered to Equity Partner : 0.00
   
Estimated Cash on Cash Return for Investor : Members Only
Contingency Expiration Date : Members Only
   
Process Complete to Date:  
   
  Members Only  
   
Why is the Property being Sold?:
Members Only
 
 
 
     
 
Personal Invesment Details
 
 
Will Seller Carry a Note : No
Rate : Members Only
Years Amortized : 0.00
Amount : $0.00
Ballon Amount : $0.00
Prepayment Penalty : $0.00
   
Familiarity with Property : Very Familiar
Familiarity with Neighborhood : Very Familiar
Time Inveting in Realestate : Over 5 Years
   
   
 
 
     
 
Property Documents
 
 
Brochures / Flyer (0)   Market rent / Vacncy Information(0)
 
     
Demo Graphics (0)   Floor Plan / Site Plan (0)
 
 
 
     
     
 
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