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Ep 154 How To Modify Offers When A Seller Counters
8 plex, super clean, townhome style, rent for 5200/month. Asking 650. Should rent for 850/month. Seller manages. No longer wants to deal with daily ops.
Made 4 offers around 650K range at 10% down
Original Offer was 640 pp 75K down 3.85% $2,648 pmt for 60 months.
Seller countered at 3K/month at 5%.
Amortized offer 645K pp 75K down at 4.15% for 5yrs.
Blended principal/interest offer- 670K pp, 70K down, 1st yrs principle only. Then blended interest 4.15% for the next 2 years. Then 4.5% for the last 2years. Seller Net 764850 over 5yrs.
Hybrid interest offer 680K pp 60K down 2.95 pmt 2700/m 60 months.
Subordination 770K pp 100K down bal 670K. 2000/month principle only for 60 months. 1st note 500/month. 2nd note 2000/month in principle only.
Write in a release of lien clause to be able to sell townhomes separately, with equalization payment.
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
8 plex, super clean, townhome style, rent for 5200/month. Asking 650. Should rent for 850/month. Seller manages. No longer wants to deal with daily ops.
Made 4 offers around 650K range at 10% down
Original Offer was 640 pp 75K down 3.85% $2,648 pmt for 60 months.
Seller countered at 3K/month at 5%.
Amortized offer 645K pp 75K down at 4.15% for 5yrs.
Blended principal/interest offer- 670K pp, 70K down, 1st yrs principle only. Then blended interest 4.15% for the next 2 years. Then 4.5% for the last 2years. Seller Net 764850 over 5yrs.
Hybrid interest offer 680K pp 60K down 2.95 pmt 2700/m 60 months.
Subordination 770K pp 100K down bal 670K. 2000/month principle only for 60 months. 1st note 500/month. 2nd note 2000/month in principle only.
Write in a release of lien clause to be able to sell townhomes separately, with equalization payment.
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.