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Listen "Ep 133 How To Make Deals Work On A Slim Margin"
Episode Synopsis
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
Create 4 bed and hold as a rental with 10K invested for a cash on cash return of about 24%.
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.
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
Create 4 bed and hold as a rental with 10K invested for a cash on cash return of about 24%.
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.
More episodes of the podcast The Creative Financing Podcast
Creating Long-Term Creative Financing Offers
15/05/2023
Live Creative Finance Deal Structuring
08/05/2023
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