Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

260
Posts
222
Votes
John K.
  • Wholesaler/Investor
  • Dallas, TX
222
Votes |
260
Posts

Stop Investing in Real Estate.....

John K.
  • Wholesaler/Investor
  • Dallas, TX
Posted


After 6 months of intense design and development, the system I had envisioned, is complete.

The result, 500+ properties per day added to an ever growing database, which currently has over 75,000 properties in it. This gives me instant access to a wide variety of sellers, from delinquent taxes to IRS liens. I have a visual that no website or a populated list, can ever provide. I see hundreds, if not thousands of properties, that fit a specific criteria, instantly.

My personal investment strategy, is owner financing. The short version, it simply offers returns that rentals stand no chance of competing with, let alone no where near the problems.

As a wholesaler, one of the skills that are necessary, is the ability to be creative and leverage, both time and money. This requires learning a multitude of LEGAL, yet very effective strategies to leverage them both. When this occurs, I am not only able to grow tremendous wealth in my own portfolio, but provide the same opportunities for my clients.

Here is an example of a typical wrapped deal, for one Single Family Home.

Purchase Price: $150,000             Sale Price: $175,000

Down Payment: $15,000               Down Payment: $17,500

Int. Rate: 4.5%                              Int. Rate: 9%

Term: 12 Years                              Term: 12 Years

Payment: $1215.01                         Payment: $1792.40 + T&I

Total of Payments: $174,961.59      Total of Payments: $258,105.36

Interest Paid: $39,961.59                 Interest Paid: $100,605.36

Looks great, right? But wait…..

Look at what a package of 5 Single Family Homes would look like.

Since there will be one note for the purchase of these homes, you will be paying 4.5% on 5 homes, but reselling at 9% each.

Interest Paid on Purchase: $199,807.93 

Interest Collected on Sale: $503,026.80           Net Gain: $303,218.87

Monthly Payment on Purchase: $6075.06 

Monthly Payments on Sales: $8962.00              Net Gain: $2886.94

Expenses: $0 if you don’t use a loan processor, if you do, a few hundred bucks.

It’s time you start thinking of being the bank, instead of running to them.

There is a reason they do NOT invest in Real Estate, this is that reason.






Offering

Loading replies...