Low risk 8% Long term return secured by single family home. The home is fixed up, occupied, and produces rental income.
A minimum loan amount of $20,000 is required to obtain the 8% interest only monthly payments of $133.32. The loan is due in 5 years with a final balloon payment of the full amount. There is also no pre-payment penalty for early loan payoff. The investment home is valued at approximately $65,000.
Title insurance and hazard insurance documents provided. Self-Directed IRA's and 401K's welcome. Monthly loan payments will be paid through a title company.
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- Location: Austin
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