Walker’s Wholesale Houses

236 Claremont Street
Petersburg, VA 23805

 The interior is in good shape and needs only cosmetic work and some possible updating. The exterior needs siding,landscaping, and possibly windows if desired. Located in the popular Walnut Hill area make this spacious home an incredible deal.

• Stories: 2
• Beds: 4 Baths: 2.5
• Sq. Ft.: 2896
• Lot Size: .48 acres
• Year Built: 1950

Terms: Cash only, to close by Mar 31 or sooner.

Co Offered with Property Solutions of VADo your own diligence. All information deemed reliable, but not guaranteed.
Contact Chris at 804/915-9475
To hear about more great deals before they even get to the general public, sign up for deals at our Walker’s Wholesale Houses Buyer’s List.
http://www.walkerswholesalehouses.com/buyerslist/

For investors that deal in Short Sales, there is a new tax relief for homesellers who complete a short sale.

In the past, the forgiven debt could be taxed by the IRS. 

Under The Mortgage Forgiveness Debt Relief Act of 2007, up to $2 million of the canceled debt on a principal mortgage is now tax free. The new law does not apply to investment property.

Source: Short Sale and Foreclosure Tax Break

This may mean that you may have to update your disclosures.  It may also increase the incentive for home owners to complete the short sale with you as their canceled debt is not taxable.  Notice that this is for primary residence only property.

5903 Church Road
Petersburg VA (Dinwiddie County)

2 or 3 bedroom house, 1 bath
790 ft2.

$33,000

ARV about 75,000 to 85,000 depending on level of rehab.  Could be an excellent rental.

Wooded lot, country setting, yet close to I85 and Petersburg.

This house does need some structural repair to the floor joists, bandboards, and piers.

Co offered with Property Solutions of Virginia, LLC

Do your own diligence. All information deemed reliable, but not guaranteed
Contact Chris at 804/915-9475
To hear about more great deals before they even get to the general public, sign up for deals at our Walker’s Wholesale Houses Buyer’s List.
http://www.walkerswholesalehouses.com/buyerslist/