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This is a 2 bedroom, 1 bath house with 887 sf (in the pics it looks larger). The fair market rents average $1,000. I recommend seeking $2,000 down and $700/month for 10 years. If you hit those numbers your AAR is 33%. Full disclosure, the Auction house states it is multi-family, so you could be getting a duplex. However, other sites state is a single family. The square footage seems very low for a two story, the fact is we don’t know for sure.
When you check out, you will pay $3100 which covers the earnest money deposit of $3000 plus $100 merchant service fees. Completing the purchase will remove the property from the site and reserve it for you. Someone from our team will contact you with a digital purchase and sale agreement and discuss with you the final payment for the property. Unless you request otherwise, your purchase will be of the LLC which will hold title to this and only this property. This speeds transfer and lowers your closing costs. California residents are advised to consider alternate arrangements due to the cost of holding “foreign” LLCs.
If the property is still showing on this page and doesn’t have a “sold” banner on it, it is still available. There is no need to ask. Just buy it and it will be marked “sold.”