3 Short Sales Approved In Tucson AZ

1) Original loan. $135,900 Purchase price 95k
already listed @ $ 139,900 FMV 145-150k Will sell at $125k...Monthly income $850-$950


2) Original loan $150,000 Purchase Price 98,600 FMV 160-165k Listing in a few days will sell for 125k Monthly income $850-$950


3) Original loan. 1st $164,900 2nd $55,900 Purchase price 135k. both loans...
FMV 225-230k Will sell at $170k...Monthly rental income ?

$328,600 is purchase price
$420,000 minimum sales amount.

Good investment?
Would you invest 329k to make a 32,5k return in 60-90days?

If those numbers are correct then I would invest Zero, double up and profit
30k on #1
26,400 on #2
35k on #3

#1 needs to fund by thursday
#2 Going on the market
#3 Going on the market...

Might aswell get all three done at one time!

thats a little less than 10%. I'm getting 15-20 lending on prosper

"I'm getting 15-20 lending on prosper"

In 60-90 days?

Chris

Help me understand...

If you can sell them in 60-90 days why pay cash and not use your end buyers money?

Is there a reason you can't get an extension on the first deal? Even if it cost you a payment it's cheaper than paying cash.

And where's all your profit going??? Fee's and closing???

15-20% of the loan amount?

Those figures seem to represent a good profit on those shortsales. Do you have buyers lined up already?

I like getting good discounts on all my shortsales! if i had more investors i could do a lot more! looking for buyers right now for these propertys..