Subject To Existing Lien Deal

[Leroy Williams]

Investment Info:

Single-family residence other investment in Hampton.

Purchase price: $204,000
Cash invested: $5,025

I've was in negotiations for a little over a month with the seller. Due to a particular life situation, she had become overwhelmed with mortgage payments and couldn't consistently pay on time. She was "months" past due and didn't want to destroy her credit worse than it had been. We spoke. I educated her on how I could assist, and we moved forward. With a little clean up and minor repairs, my team will have this home available for a deserving family facing a different sort of life situation.

What made you interested in investing in this type of deal?

Opportunity to help another family. Low financial entry to barrier.

How did you find this deal and how did you negotiate it?

Cold calling.

How did you finance this deal?

Personal funds.

How did you add value to the deal?

Assited in finding a solution to a seller's life situation. Will ultimately provide a home to a deserving family.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Reputable real estate attorney in the Hampton Roads area.