All Forum Posts by: Abram Torres

I defenitly get where your coming from though. In a real-estate prospective. Land doesn't depreciate and you can't make more of it. What we have is what we get. So as far as that goes, land is for sure in the top 3 best investments in my opinion. 

I think the best investment in the world is in yourself. 🤔

I'm in SoCal aswell (Temecula) and as a wholesaler I see too much competition out here and sellers only asking market prices or above. But then again there's many wholesalers who are successful in this market. I found my sweet spot was in OH. Lmk if you have any questions as far as the process though. I'd be glad to give my 2 cents. 

If you tried being the nice guy and it didn't work, I would reach out to the seller OR the agents Broker. I couldn't get a hold of an agent that had a property listed for over a year so I skipped traced the owner and went to his primary residence. Got the deal done. The agent I guess had passed away. 🙏

So I'm wondering if anyone here has any advise or guidance on structuring a Subject-To and Seller Financing Hybrid Deal? I have a Seller who's open to getting creative with the sale. The basic structure I have is as follows

Duplex Renting at $550 bottom (700-750 Avg) Top Unit Vacant - Est of about 10k to make it rent ready for both units. ARV $110k

Asking Price $85,000 - Mortgage Balance of $72,000 = $13,000 to walk away with. The PITI Monthly Mortgage is $370. (sub2 part)

Seller Financing Part - $13,000 with 7yr Balloon amortized on 30yrs with 2% interest and $4,000 Down Payment. $9,000 Financed @2%.

My monthly payment based on a balloon mortgage calculator would be $25 (Seller thinks that's a joke) and wants at least $100/Month

How can I structure this where I can meet his $100/mth + $370 mrtg + expenses like maintenance and management and my Wholesale Fee of course! 

This is located in Toledo OH if that makes a difference. THANKS IN ADVANCE!!