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Updated over 5 years ago,
Stop Investing in Real Estate.....
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. |