Record Low Interest Rate of 4.9%

Record Low Interest Rate of 4.9%

1112 Collings Ave, Haddon Township  NJ 

2 Family... Buy and Hold 

Huge Cashflow $1,500+ Monthly

After Repaired Value $525,000

Repairs $60,000

Discounted Price $349,900

PROPERTY INFO:

Unit 1: 2BR/1BA -VACANT - Mkt Rent $2,200

Unit 2: 4BR/1BA -VACANT - Mkt Rent $2,800
Rental Income $5,000 

Cashflow $1,500++

This fantastic opportunity awaits for those with handy skills!
Moderate-level makeover required

First-floor unit: Kitchen, carpet, paint

Second-floor unit: Kitchen, carpet, paint, one electrical panel for upper units, sheetrock

If you're ready to take on a rewarding project, this house is the perfect canvas for you! Act now and turn this property into your perfect investment home!

Stunning entrance way with beautiful wood staircase

6 Bedrooms

2 Bathrooms

1,844 Sq ft

Both Unit Vacant and available

Flooring: Hardwood / Tiles in kitchen

First floor unit:

2 bedrooms (15x14 and 15x12)

Large living room (15x13)

Full bathroom

Kitchen (12x11) with gas cooking

Electric baseboard heat and window AC units

 Upstairs unit:

4 bedrooms (20x14 on 3rd floor, 14x11, 12x11, and 11x11)

Kitchen (11x11) with gas cooking

Gas hot water heat and window AC units

Large deck off the second floor unit

Recently rerun gas lines in the basement

Both units have access to the basement for laundry with two washers and two dryers

Ample parking available in the back of the unit

Don't miss out on this great opportunity

Separate Utilities for each unit 

City Gas, Sewer,  
Property Taxes: $7,239/year

People have used this Owner Financing strategy to buy real estate for many years. It tends to become more popular as lending restriction get tougher, as we can see in this current market. 

Owner financing real estate is a type of home purchase where the seller of the property acts as the lender instead of a traditional bank or mortgage company. This means that the buyer of the property makes payments directly to the seller over a set period of time, instead of obtaining a mortgage loan from a bank or lender.

With owner financing, the buyer and seller agree on the terms of the loan, such as the interest rate, payment schedule, and length of the loan. The buyer will typically make a down payment, and then make monthly payments directly to the seller until the balance of the purchase price is paid in full.

Owner financing can be an attractive option for buyers who may not qualify for traditional bank financing, or who are looking for more flexible terms than a bank may offer. It can also be a good option for sellers who want to sell their property quickly and without the hassle of dealing with banks or other lenders.

Buying a home with a Owner Financing includes these steps:

Buying a home with a lease option includes these steps:

1. Agreement of a purchase price: First, you and the seller will agree on the price of the home and other important details.
2. Down payment (10% to 20%) - Next, you will need to make a down payment to show that you are serious about buying the home. This is usually between 10% and 20% of the purchase price. The down payment is like a fee that gives you the right to buy the home and prevents the seller from selling to anyone else.
   The down payment will be 100% credited when buying the house, just like a regular mortgage. 
3. Agreement Terms and of monthly payment: The monthly payment will be determined by the amount of down payment put onto the property, just like a mortgage. The more down payment, the lower the monthly payment.  
   Once you have agreed on these terms, you can move forward with purchasing the home using Owner Financing.
   

1. Down payment (10% to 20%)
   
2. Interest rate: 4.9%
   Which is a competitive rate compared to the current hard money rates of 12 to 14% plus 2 points. This makes owner financing an excellent option in today's market.
3. Years we will Owner Finance: 2-5 Year
   (If you're looking to extend the duration beyond 2 years, it may necessitate an the down payment to be more than 20%)
   In years 2 to 5 of the term, a balloon payment is scheduled. After this agreed-upon period, there will be a balloon payment for the remaining balance. The borrower has the option to obtain a new mortgage or pay the remaining balance in cash.  
    

"Unlock Your Property's Hidden Wealth: Get Approved for a Hard Money Loan Today!" Are you in search of a loan? Picture this: The property you desire has already secured the green light from hard money lenders, opening the door to a hard money loan. But here's the real deal – we're not just connecting you with any lender; we're your trusty guides on this financial journey, guaranteeing a seamless and effortless closing process. Ready to dive deeper into your best lending options?

If you'd like to learn more, let's talk.

The paperwork and agreement that are a part of this process typically breaks down into four easy steps.

1.  Fill Out Application
2. The go over Terms.
3. The Prepare paperwork 
4. Line Up Closing!

Each one is an  important part of the Owner Financing to purchase agreement and should provide both the buyer and seller the protection needed to complete the transaction.

DISCLOSURE:

YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of Real Home Investments LLC or its affiliates based on limited information and should be verified independently for accuracy. Real Home Investments LLC and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided.

RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.

Assignor will collect a Non-refundable deposit via certified funds, to be held by the title office. This deposit will be applied towards the assignment fee and/or purchase price with the balance due at closing.