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$316,000 / 3br - 1440ft2 - Fixer Upper, 4 different ways to buy this house (Menifee)
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To buy this fixer upper, there are 4 ways to purchase it.
You can buy this property with a traditional mortgage, a rehab FHA loan which would only need about $15,000 including the rehab costs, owner financing with the right down payment, or a special type of hybrid financing that you havne't seen before.
However, notice I didn't say, ALL CASH. If you are a fix and flipper or a wholesaler, most likely the numbers won't make sense unless you wanted to buy and rehab it using a fha loan. This property is really for the end buyer who is planning on living in the property.
About the property.
3 bed 2 bath, 1440 square foot manufactured home on a permenant foundation and a 6700 sq ft lot with 3 storage sheds. NO HOA, NO space rent, and fully FHA approved.
We There are other upgrades that might be needed to fit your style and interest, but this allows you to upgrade exactly to your likings and budget.
For the upgrades, I would reccomend replacing the kitchen and the flooring. We have ripped out the carpet as the previous owners had 7 indoor pets and it definately still has that oder. After that, upgrade it to your specific desires. I have seen way to many sellers upgrade properties to their likings, only to see the new buyer rip everything out to upgrade it to whole new tastes.
The property is being offered $84,000 below the AS IS apraisal completed in April.
All details of the property and financing options can be found at https://www.homeowner-concierge.com/owner-financing
I am willing to pay buyers agent commissions, but I definately don't need any more real estate agents contacting me to get the listing.