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TITLE:
$150k Tax Write-Off Opportunity
TYPE:
To be created
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CONTROL:
Owner
PRICE:
$150,000
FACE VALUE:
$150,000
BALANCE OWING:
$150,000
MONTHLY PAYMENT:
$1
ANNUAL PAYMENT:
$12
INTEREST RATE:
1.00%
ORIGINATION DATE OF NOTE:
Dec 2, 2025
MATURITY DATE OF NOTE:
Jan 6, 2027
HAVE:
A 3/1 Single Family Home newly rehabbed rental. Will rent out at $1,500+. I would like to hold this property long-term and give a tax write-off/ 1031/ discount sale lease buyback opportunity to someone seeking tax benefits. Upcoming area.
CAN ADD:
~$30k IRA on something else you own.
Option on a mobile home that a park will buy from me for about $40k.
REMARKS:
As-is Photos (Prior to rehab):
www.t.ly/xlH-w
I've flipped ~8 homes & mobile homes, been a lender, rental operator (short- and long-term) for over 6 years. Have done over 50 transactions.
NOTE COLLATERAL INFORMATION
TYPE OF COLLATERAL:
Home
LOCATION:
Hazel Park, Michigan
RECORDED LIEN POSITION:
1st
INSTRUMENT OF SECURITY:
Mortgage
PERSONAL GUARANTEE?
Yes
COLLATERAL VALUE:
$190,000
COLLATERAL ANNUAL EXPENSES:
$10,000
COLLATERAL NOI:
$18,000
COUNSELOR:
Cara Kennedy
Great Lakes Real Estate Exchange
PO Box 430676
Pontiac,
Michigan,
48343
