Creative Financing ✌️
Terms: Seller finance, Subto, or Hybrid
Type: SFR
Entry fee: 10% or less of purchase price
Interest Rates: 4.5% or less
Minimal Rehab
Balloons: over 8 years
Must Cash flow as LTR $300+ after expenses
ARV: 90% or less than purchase price
Purchase price: $1M or less
*** If deal looks real good in most areas, there can be some wiggle room in the others
In the following Markets:
Oregon - Salem, Keizer, Dallas
Oklahoma - Oklahoma City
Arizona - Phoenix, Tempe, Chandler, Gilbert, Mesa
Nevada - Las Vegas, Henderson
Texas - San Antonio, Austin, DFW
Property Address
Purchase Price.
Repair Estimate
ARV
Entry Fee breakdown
Deal type: Owner Finance, Subto, or Hybrid
Interest Rates
Balloon info
Mortgage balance w/ any other lien info
Current mortgage statement
Any other terms of the deal
1) Cash to Seller: Down payment. How much does the seller want in their pocket at closing?
2) Arrears : If seller is behind on payments, how much is needed to get current? (i.e. mortgage, liens, etc.)
3) Cost of Acquisition: Cost of the lead. (i.e. assignment fees, agent commissions, referral costs, etc.)
4) Closing Costs: Fees going to closing attorneys or title companies.
5) Rehab/Reno/Cleanup/Furnishings: Cost to get a property ready to Rent, Sale, or AirBNB a property. (i.e. pest control, furnishings, rehab, cleaning services, etc.)
6) Holding Costs: Amount needed to hold the property while vacant or repairs are being made. (i.e. rent/mortgage payment, HOA, utilities, prep fees, for a minimum of 3 months.)
7) Marketing Costs: Marketing costs associated with finding someone to fill the space or by the property.