Very good cash flow Investment Opportunity

[sdrealtor]

Here is one that someone out here might be interested. Have a transaction on the verge of falling apart. Its a funky old small cottage on about 1/2 acre in San Marcos. No fees of any kind. Monthly carrying cost about $1000 with 20% down. Cash flow positive by $500+ per month with long term tenant in place. House is really old and will need attention over the years but now is very livable. At some point in the future it maybe worth tearing down or doing a good size expansion. Lots of potential. I should know today or tomorrow whether it is available.

This isnt a house for a newbie hands off investor. Better for someone who is handy to some degree.

PM me if interested. Will only respond to PM’s

[sdrealtor]

I will add you should be comfortable dealing with contractor/blue collar type tenants.

[sdrealtor]

Update: still dont know if its coming back yet. Tenant may or may not stay. Tenant is paying $1800/month.

[Author]

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