All Forum Posts by: Jeffrey Bresch

Thank you guys for the replies!

@Mitch Messer- The property is actually located on the beautiful island of Guam. An American territory if you're unfamiliar. 

- The current mortgage balance is ~235,000 

- Im not 100% on how much is exactly needed to clear the default but I believe it is in the 10,000 range

- Around 15,000 is what it would take to get the property rent/ inspection ready

- The monthly mortgage payment is ~1,500 obviously after repair and refinancing at the ARV

- Fair market rent is 2,205

- ARV conservatively is 295,000

My plan was to structure some sort of payment plan that rewards both parties. Its beneficial for both sides to allow me to get this house under contract. I would like to do so without financing it off the bat because like I mentioned above ideally this would be a BRRRR project. Knowing this information now what would be my best option moving forward would you say? Also, all numbers listed above are conservative. I believe not only would the house rent for more, but appraise for more as well. Thanks for any advice you can give!

Hello BP!

I'm new to the investing world and am trying to get creative with a current deal that I am working. In short the house is weeks away from foreclosure, they owe full asking and cannot accept anything lower than that. I would like to get this house under contract and BRRRR all of my money back out of it because I see huge potential in the ARV. I would like to structure a deal with the seller to get the attorney fees paid, loan fees paid and work out a payment plan with them for the next 5 years using a seller finance model. Does anyone have any experience structuring a deal of this sort and could you help a newbie out? Or maybe this model isn't my best option? Any advice would be greatly appreciated!

Thanks, Jeff.

@Joseph Duenas

Are you still real estate investing on Guam? I’m currently getting started on my path to investing here on Guam and would love to pick your brain for some knowledge!