GREAT INVESTMENT PROPERTY IN LUBBOCK, TX!!!

CALL US TO WALK IT NOW!!!

ENTRY FEE $18,000.00

⬆️PHOTOS ABOVE⬆️

Property Details:

📍 City: Lubbock

🏡 Property Type: Single Family Home

🛏️ Bedrooms: 3

🛁 Bathrooms: 2

📏 Square Footage: 1,495 sqft

✅ Build Year: 1950 

Condition / Exit Strategy:

This property is in overall good conditon, it will need a cosmetic rehab, needs flooring, paint, kitchen needs updated, bathrooms need updated, and kicthen needs updated. The house has a new roof as well! 

Exit Strategy 1: Sub - To to Rental

A great exit strategy for an investor would be to purchase the property subject to the existing mortgage with a $15,00 entry fee to the deal. You will then rehab the property and rent it out on a lease long term and hold this as a LTR. This would be a great addition to a rental portfolio in the area, rent rates in the area for a 3/2 this close to Texas Tech rent for $1,200+ per month so this coul dbe a great cash flowing asset. 

Exit Strategy 2: Sub - To to Owner Finance (Wrap)

This is a great exit strategy for investors who may not hold a portfolio out here, don't want to mess with matienence, keeing up with the property, and deal with tenants. In this case you could easily purchase this sub to, fix it up, wrap the loan with a higher interest % and sell it to an owner occupant on terms with a 15% entry fee so you recoup your intial purchase costs and realize profit immidietly while collecting cashflow. 

Mortgage Payment Details:

P: $89,519.24 - $162.78

I: 3.5% - $261.57

T: $202.45

I: $264.30

Total Monthly Payment is $891

📞FOR MORE DETAILS PLEASE

CONTACT JUSTIN (817) 489-5684📞

1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates, information provided, or photographs/video showing the condition of the property are for your convenience only. Any information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, estimated rehab costs, as-is property square footage measurements, or proposed expansion through construction) is an unverified assumption of the company or its affiliates based on limited information and must be verified independently for accuracy. Company and its affiliates assume no liability whatsoever for the accuracy of any estimates, information, or photo/video provided. Buyer is required to conduct their own due diligence.

2. NO UNACCOMPANIED ENTRY OF PROPERTY: Broker and its affiliates do not give you authority, express or implied, to enter or access this property unaccompanied. Access to the property may only be obtained through scheduling a property inspection with Company.

3. NON-REPRESENTATION: Company and their affiliates DO NOT represent you.

4. You may not copy, store, distribute, display, modify, create derivative works, sell, or transmit any part of this content without prior written permission of Company.

5. Please Note: Cash or hard money required for closing

Buyers pay all closing costs.

We are not a licensed contractor or appraiser.

This is an assignable purchase agreement that allows us to purchase the property listed below, not the property itself. If you are interested in this assignable purchase agreement, please contact us.