“I’m
selling a deal, not a house”, Sherman Pittman
The Shermanator
2017 2nd St. NE Wash DC 20002
Photos & Comps on the site www.MyDCDeals.com
The Numbers:
After
Repaired Value: $330,000 to 350,000
Rehab
estimate: $40,000 to $75,000
(but with a little skill you can do if for less).
Asking
$158,500 (down
from $174,500)
Deposit:
$4,000 and proof of funds
Finders
Fee: $2,000 (up from $500) to anyone that brings a buyer
that closes.
At
this price, the buyer is responsible for all closing costs. The house 4 doors down is currently listed
at $399,000.
Call the 24 Hour Deal Line at
1-800-852-1248 for more information.
Property:
3 Br+ & 2 baths; 3 levels with a
basement.
Viewing:
Anytime. The “push in” lock box combination
is 1-2-3. Take your favorite contractor through.
Repairs Needed: $40k - $75k
to gut kitchen and bath; landscape, new ac, and electrical heavy up, etc. for
resale. However, for rental investors,
less money could be spent on repairs.
Also
Looking For:
- For private lenders to lend $20,000 to $225,000
at 6% to 12% on DC Fix Up properties secured by First and 2nd
Trust deeds, for 6 to 36 months.
- Joint Venture Partners to fund 100% of a
transaction (normally $75k-$205k for 9 to 18 months) for a 40%-60% split
of the profits.
- Feel free to contact me with other sensible
business ventures.
Sherman Pittman
REAL ESTATE SERVICES
611 Pennsylvania Ave SE #291
Washington
DC 20003
I Buy DC Houses
I Buy Notes Nationwide
I Pay $500 to $1,500 in referral fees
Email Sherman@CashForDCHouses.com
Website www.MyDCDeals.com