All Forum Posts by: Gary Ahu

Aloha @Chris Piel the only meetup I have heard of is the one Jonathan Steen mentioned...I live on the east side but work in Kona...I'd be willing to meet up after work one day and share whatever I can. 

@Dennis M. yah I agree with you on the numbers. The $150K is what the owner is asking. What would you offer on the property and how would you structure an owner finance terms?

@Tom S. that seems like very reasonable terms!!! Thanks for your input. 

@Mark Sewell I’m not sure on that one. Sry

@Andrew Kiel @James Galla Thanks for your insight. I appreciate it. 

ALOHA,

How would you pitch an offer to purchase a deal directly from an owner?  Hypothetically, the owner is 70 years old and inherited the house from his parents.

1. Conservative ARV 200K

2. Seller offers to sell house for 150K

3. Rehab costs about 50k on high end

4. Market Rent $1,400/mo

What are some benefits for the owner if he provides owner financing? Taxes? Passive Income? No Realtor Fees?

How would you structure such a deal?

What is the highest purchase price you would offer?

Thanks in advance.

@Andrew Postell I appreciate it man...I will definitely read up before proceeding with anything.

@Trey Brown BTW...I’ll be on O’ahu this weekend for a short conference. Lmk if you want to grab some beers or something

@Trey Brown mahalo for the insight. I found a community bank that is willing to lend on it. Will do more research though.

@Jason D. yup I thinks its a deal too...just trying to get an experienced persons take on delayed financing, I appreciate it man.

Oh insurance premium is $511/yr for each prop