Purchase Price - ($172,406.31) which is loan balance (opportunity for nice equity once renovated)

No cash to seller.

Arrears of $6766.98 (total debt ~ $179,173.29 and counting)

Conventional Loan 4.375%

NO BALLOON - TERM FOR LIFE OF THE LOAN

Property needs at least $30k to be rent ready $60k for full reno.

Best location in Douglas, AZ

PITI - $1,089.14

Rent Rate $1500/mo

ARV $325-$345k (Insight from seasoned agent in this small market whom I can connect you with for your own due diligence)

EXIT: Buy Subto and flip or keep if you're ok with lower COC return. Wrap will also be good for this one as this is a border town and there are PLENTY of above decent people with cash but cannot buy with loan.

Entry fee will vary depending on your exit strategy: $30,000 covers arrears and assignment . Add your closing costs (buyer and seller). Fully renovate or get it rent ready?

COE: ASAP

EMD: $5k Non Refundable

Title Company: American Title Service Agency (Phoenix, AZ)