4 MONTHS
RENT PAID By Builder
PLUS
10% Of Purchase
Price Back After Closing
Palmer, Texas
Property Info
We just got a great deal on these 5 properties yesterday. I'm buying one and
I've already sold one, so we've got 3 left.
Here's the deal. You get 4 months of rent paid ($4,800) in one lump sum within
two weeks after closing. If your property manager (we've got a good one we can
recommend) gets a tenant before the 4 months is up, you get to keep the entire
$4,800 AND you get the new tenant's rental payment.... very sweet.
You also will get 10% of the purchase price back in cash IN ADDITION to the 4
months rent. This money will also be paid within two weeks after closing.
To qualify...
You need a fico score of 700 or better, you will need about $20k to close the
deal (even though it will only cost you either 1% or 6% to buy these
properties). You will also need to have enough income to qualify for these
houses ... these are called "Full Doc" loans. "Stated Income" loans (you don't
need income to qualify on these) are still available if you have more down
payment money.
So... when all is said and done, you are getting about 14% OFF the appraised
value of these homes!
There are only 3 of them, so don't wait too long.
Click on the following links to download the
inspections for these houses. PICTURES are in the
inspection.
NOTE: These inspections were done a month before the houses where
complete. The work has been finished now and we will have a follow up inspection
before closing to make sure all the issues have been dealt with.
109 Palomino
104
Meadowlark
111 Palomino
113 Palomino
Currently Available
This list is subject to change without notice at any
time. Reservations for these properties is on a first come first
serve basis. Reservation requires good credit (700 fico or better) and a $1,000 deposit.
Plat Map of the New
Subdivision
The building lots have arrows pointing at them.
Rental Comparables
For A Town Nearby
Palmer Is A Very Small Town and Does Not
Have
Many Comparables
Click To View PDF File One
Click To View PDF File Two
We think that these properties will rent at
approximately $1,100 per month.
Palmer, Texas is a small town about
30 minutes south of central
Dallas.
