- Published 12-10-12
- by admin
Latest rehab project by Senna House Buyers close to The Woodlands.
[title color=”color-default” align=”Houston Rehab” font=”arial” style=”normal” size=”scmgc-1em”][/title]
I’s been a pretty busy few months for the Robert and I and I just wanted to take a minute to update everyone on one of our completed Houston Rehab Projects.
We just got started on this one last week. It is 5 minutes south of The Woodlands and came to us from one of our letter campaigns. The owner had intended to repair the property and sell it themselves but living a few hours away and running their own business meant they had little time left over to focus on renovating the house. They had already ripped up all of the flooring, demolished the kitchen and started painting the walls.
One thing we pride ourselves on is being able to work with anyone in any situation. This particular seller was in the unique situation where they did not need to sell immediately. This opened up the possibility of having the seller lend us the cash to buy their house. This results in the seller getting more money than if they were to sell it outright. We essentially cut the seller a check each month for interest on the money borrowed for anywhere from 10%-15% until we are finished with the rehab. So the property that was just costing them money to hold on to, is now paying them 10-15% a year. If this is something you would be interested in doing please give me a call so we can discuss your options.
You can view the listing here:
Below are some before and after pictures.