They always say "it was worth the wait" well that could not be more than with this bank owned property I just got listed this morning.
My market evaluation was submitted to the bank for approval more than 3 weeks ago yet they finally got back to me today and approved the listing price and contract. If I was their boss they would have been fired for taking so long but I am not therefore I am grateful they are providing for my family in this great economic time we are in!
Details of the property are listed here:
Area: North County San Diego
State: California ( CA )
Number of Units: 2
Number of Buildings: 1
Bedrooms: 2 each unit
Bathrooms: 1 each unit
Current Rents: Vacant Bank Owned
Previous Rents: $1,100 each unit
Projected Gross Rent: $26,400
Gross Rent Multiplier: 12.35%
Capitalization Rate: 8.03%
If there is a better opportunity than this let me know and I will buy it myself!
People that are interested in this great investment should contact me via email or phone.
God Bless and Great Investing!
Serving both San Diego and Riverside County