👑 Boring Flip Sub To — With 2nd 0% Interest “Floating” Loan 👑
Down Payment: $58,000
Strong flip opportunity with added upside, but the real play is the debt structure! Buy, renovate, and resell, then transfer the note onto a rental you already own to instantly supercharge your equity position. Or use the equity to buy more real estate and take advantage of bonus depreciation on 2026 taxes.
Mortgage 1 information:
Mortgage balance: $138,000
Interest rate: 3%
Payment: $665 for principal and interest only; taxes and insurance are separate
Mortgage 2 information:
Mortgage balance: $114,000
Interest rate: 0%
Monthly payment: $950 over 120 payments (10 years)
MORTGAGE 2 IS A FLOATING NOTE: This debt can be moved to any property you own, as long as it has the EQUITY and the INCOME. It can also be broken into multiple properties. It has the EXCHANGE OF COLLATERAL CLAUSE. This can be done PRIOR to closing.
ARV: $450,000
36800 SE Proctor Rd, Boring, OR 97009
2 beds | 1 bath | 864 sqft
Fenced 0.27-acre lot
Long driveway with multiple parking spots
Property will need a new septic system, current bid for a new septic is $15K
Quiet rural setting, conveniently located near Sandy-area schools, about 30 minutes to Portland metro
Link to home inspection and septic/well reports: https://tinyurl.com/inspectionsProctorRd
Public Walkthrough on 4/6 at 10 AM
Closing date: 7/31/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash for down payment only, no hard money, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
