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Updated almost 6 years ago on . Most recent reply
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Creative Financing for a Win-Win scenario with huge Payday !
Investment Info:
Single-family residence wholesale investment in New Haven.
Purchase price: $45,000
Cash invested: $1
Sale price: $65,000
Single family home With 3 bedrooms and 1 bathroom. The Owner was losing the house to tax foreclosure but did not want to leave the property. Was able to create a win- win by renting the property back to her for 1 year at 1200/month under the condition that she pays all 12 months up front at closing. 14.7% ROI for my investor and all 12 months up front!
How did you finance this deal?
Did not have too
How did you add value to the deal?
Offered Creative Financing to get the deal done
What was the outcome?
Created a Win - Win scenario for everyone in the deal! The seller was able to stay in her home for another 12 months without worrying about paying rent or taxes and was able to put cash in her pocket! My Investor is making 14.7% ROI and got the first 12 months rent up front at closing.
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Most Popular Reply
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- Rental Property Investor
- Erie, pa
- 9,407
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you did well , now keep repeating that . The real winner is the buyer he gets a great return forever if he keeps it . Your money will come and go and you’ll be paying out to the tax man