Regent Court
Purchased: July 2023
Price: $436,500
Terms: Subject to VA loan with bal 429K, 30-year, 2.49%
Exit: Sell on installments
Overview: Spacious home in CO Springs, shows very well and is in good condition. Finished basement. Not much work was needed, just clean up and market to a buyer. The loan we took over is a whopping 2.45% interest rate, allowing for plenty of possible exits on this deal.
Exit Plan: We found a buyer who traded their condo in Aurora with significant equity for this home, as they were wanting to upgrade and not go through the hassle of listing. It worked great, she moved in and signed a Note to us, and we picked up another deal closer to Denver Metro to renovate and hold.
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