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Updated about 5 years ago on . Most recent reply

User Stats

152
Posts
90
Votes
Erica Larence-Penna
  • Attorney
  • Rhode Island
90
Votes |
152
Posts

Is this a good deal?

Erica Larence-Penna
  • Attorney
  • Rhode Island
Posted

Property in Windermere, FL with seller financing.

Purchase price: $104,950

Down payment: $10,490

0% interest, 7 year balloon, 30 year amortization, $250 monthly payment

Property is currently vacant and recently renovated (I've been looking at BRRRR properties mainly, but this seemed like a good deal).

Has previously rented at $2,400/month.

If any Orlando area realtors can offer some help too that would be great! Deal just seems too good to be true and I’m a long distance investor.

Most Popular Reply

User Stats

1,345
Posts
2,113
Votes
Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
2,113
Votes |
1,345
Posts
Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied

Erica and I have confirmed this is a scam. There is someone that goes by the name Morgan Sahar on many Facebook groups here in the area and markets deals that are scams. In her profile picture she is a good looking young woman sitting on a white themed kitchen counter. If you come across a post by her it is a scam. She does a pretty good scam too. When I discovered her scam she had access to the combo box on a rental property that was currently vacant but she did not own it or have the right to be marketing it for sale. @Matt Giegerich @Ryan Allison@Erica Larence-Penna @Whitney Hutten @Andrew Ashby

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