Arizona Hard Money Deal - Active

675

3 deals

No

Coolidge

Arizona

$285,000

$15,000

I am very interested in this property that I want to fix up and use as a secondary home. I currently own 3 other properties my primary residence in mesa which I have a reverse mortgage on which is $165,000 owed on it, the home was at the time was appraised at $275,000 but a offer from open door now says the sale amount would be $390,000 I want to keep all my properties. I also own a mobile home that I currently rent out at $900 a month. The value of the mobile home I don't know how to get a value. My other property is a mobile home with a addition that I currently rent out at $1000 a month, again not sure of the value. I also receive retirement benefits at 2,200 a month. The only thing I pay is $261 a month to my reverse mortgage to coverage interest. I also have a credit card payment in the amount of $56.00 a month. My attention is that my daughter wants to move into this property I am trying to buy and rent her home out. She could be a co borrower she currently receives ssi I'm the amount of 1273.00 a month with a credit card payment of 125.00 a month. She owns her mobile home. That could also be used as collateral if needed.