A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
Completely updated
and move-in-ready incredible SFH that is a
turnkey opportunity for the right investor! Whether you're looking for
a local property or for the out of town investor, this is a
hassle-free turn-key investment.
Residents will enjoy spacious
living quarters, den, entertainment
room, and beautiful oak floors.
Minutes away from University of
Southern Miss, William Carey
College, Forrest General Hospital, Downtown, and a few block from the
Zoo and park.
Local retail shops line the major
Hardy Street, which is just
under 1 minute away.
Priced right and ready to go, this
house easily rents for
$1,100/mo. Bring us an offer!
Note:
Seller Reserves the right to end the auction early.
On Jul-29-10 at 18:36:18 PDT, seller added the following information:URGENT UPDATE.
Cashflow will not be a problem with this cottage for the next 24 months! This house has been rented as of today to a small family for 24 months, $1,000 per month for 18 months, with a month-to-month option for the remainder of the 24.On Jul-31-10 at 17:41:54 PDT, seller added the following information:
For more pics go here: http://www.hattiesburg-ms-homes-for-sale.com/cashflow-rental-property-in-hattiesburg-ms-1710-2nd-terrac/
These pics were taken while the tenants were moving out. Now a small family is moving in.
Questions and answers about this item
Q: Hi Phil:
The bid is currently just over $12,000 and you state you would like $117000. What happens if the bidding goes to only around $25000....or for that matter anything less then your $117000? If you have a contract on... Continue reading A: The house is leased for 18 months with a month-to-month option after that. If you read the bottom of the auction I reserve the right to remove the auction at any time. This is because I have it advertised elsewhere and get... Continue reading
Aug 01, 2010
Q: Can you post more pics please ? Can you describe the interior some more. A: You can see a video walk-through here:
http://www.getmycashflowhouse.com/
A link to more pics is answered in another question.
Jul 31, 2010
Q: Hello Phil
I note that you mention in on of your questions
that the house has a mortgage secured on it. Am I
right in assuming that the winner , gets the house
free and clear after closing, as the current owner
would... Continue reading A: Yes the winner will close on the property free and clear, and the current owner will pay off the mortgage.
Jul 27, 2010
Q: Is the bidding for the full purchase price of the home or just a down payment? Any liens or back taxes owed? Clear title? Are you using an escrow company for closing and is title insurance available? What is the procedure... Continue reading A: Full purchase price. No liens or back taxes. Clear title will be issued at closing. We are using a closing attorney and he offers title insurance. I can sell you this contract and you can close with the original seller. You... Continue reading
Jul 26, 2010
Q: Is there a mortgage on this property? Are the taxes current? Is the bid price the full price or the down payment?
Thanks A: There is a mortgage. Taxes are current. Full price of the house, not downpayment. I have this house under contract, so I will either sell the contract or buy the house myself.
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