All Forum Posts by: Jeremy Fruechting

Solid 5 plex rehabbed and leased up!
https://www.zillow.com/homedetails/210-Illinois-Ave-Saint-Jo...

We *can do an owner finance to keep our 5.5% interest in place for a couple years if desired. 5.5%, 30% down, amortization negotiable. 

https://www.zillow.com/homedetails/210-Illinois-Ave-Saint-Jo...

$3550 in rents. Very solid building, 1/1s and a 2/1. 

We're looking to pull some cash for another project we're lining up.

We are open to owner financing with our interest rate 5.5%, 30% down, flexible terms for amortization schedule. 

We finally got the rehab done and leased up to sell as turnkey investment property. 5plex. St Joseph, MO.https://drive.google.com/.../1UfHJsHQqpX_U4D.../view...

$3550 rents, $350k PP

$1335 taxes

$3221 insurance

8% PM

Tenants responsible for all utilities, including trash

We *can offer owner finance option at 30% down, 5.5% interest for 2.5 years with balloon.

We have a 5 plex for sale in St Joseph, MO.
Very solid building. Finished rehab. Leased out. Rents $3550. Selling $350k. (Owner finance available, 30% down, 5.5% interest, for 2.5 years.)

https://drive.google.com/drive/u/1/folders/10bBScQ_NU8VTKyeQ... 

Taxes 1355.87; Insurance currently 3221

Reply to me if you'd like to chat about this opportunity. 

We have 2 upcoming projects for which we would like to move cash. 

Thanks for looking!
Jeremy F. 

Check out a syndication with $2M. That should easily get you $15k/mo. + equity growth. Open Door Capital, Lone Star Capital, Ashcroft Financial. 

Then use the rest more actively if you so desire. 

We will have cash flowing MF in the midwest, not huge appreciation. And debt paydown will make that money worth 4x the initial investment in 20 years (in todays dollars) while knocking down any tax liabilities. 

@Nicholas Z.Did you find a solution? I'm looking for the same. Thanks.

@James Hamling

Would you be willing to share with a non-competitor (I’m in the Northeast KS market)?

@Andrew Heairet

If you have lots of funds and the spread is good, go for the buy, and the rights. You can also file for early extinguishment. If you have only funds for one or two deals, I’d go for the rights and future deals.

So I have an LLC and own a few rentals. This year my daughter turned 16 and Grandpa gave her a cash birthday gift. So we're buying a rental together. It's owner finance, cash down payment of $2500, all costs (5%down pmt, a couple light repairs, holding, closing) $6k. We're going to split the costs and ownership 50/50. How should we structure this? Does she get added to our LLC? or make a contract with our LLC and her? Or something else?

@Kim Tucker

Would you have a recording of this event? I’m trying to learn more and am investing in the St Joe area. Thank you.