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Ep 133 How To Make Deals Work On A Slim Margin
On this episode we go over a great example on what to do with leads with slim margins.
Here are the details-
ARV 150K. 146K Owed, behind on payments. 2bed 1 bath 4.5% int. 1180/month PITI. Rents 1000/month. Could be converted to 3-4 beds. Seller needs 2K to move. How do you structure terms? Things to consider; condition of home, layout, market rents. Is the location good?
Options for exit strategy
- Sell to owner Occ as is and assign contract- give 1K down, 7-10yrs. Leave VA
Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.
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By Cody R, Nicole K, and Jeff Rappaport: Real Estate Investing and Creative Financing Expert
4.8
157157 ratings
On this episode we go over a great example on what to do with leads with slim margins.
Here are the details-
ARV 150K. 146K Owed, behind on payments. 2bed 1 bath 4.5% int. 1180/month PITI. Rents 1000/month. Could be converted to 3-4 beds. Seller needs 2K to move. How do you structure terms? Things to consider; condition of home, layout, market rents. Is the location good?
Options for exit strategy
- Sell to owner Occ as is and assign contract- give 1K down, 7-10yrs. Leave VA
Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.