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All Forum Posts by: La'Terrius Campbell

La'Terrius Campbell has started 67 posts and replied 149 times.

Portfolio of 2 buildings on the same lot with 6 units each (12 units total) at a price of 770K

owner financing / seller carry via master lease-to-own contract is available!

the terms are 25% down payment, with a master lease of $3,930 a month = equal to 75% of the current NOI (equivalent to 20 years amortized, 3 years balloon, with 5% interest rate)

CAP RATE in this area is 8% in this area.

$195,500 (25% down)

$770,000 (Purchase Price)

$62,895 (NOI)

My Questions on this!

1. What’s lease-to-own contract?

2. Say two other investors put money up for the 25% down, $96,250 each. What return would you offer the investors for the buyout agreement.

Is there anything in this post, you all would negotiate differently?

Post: Gap Funding Question

La'Terrius CampbellPosted
  • Posts 154
  • Votes 19

Has anyone ever Gap Funded a deal? What type of return do you look for in the deal?

@Kerry Baird Okay, thanks!

@Jeremy H. Thanks for the reply!

@Nathan A. Thanks!

Hey, Guys! If you bought a $100k house, and you put 20% down payment ($20k), could you take that 20% down payment ($20k) out as a HELOC and put it as a down payment for your next investment property?

Post: Down Payment Assistance

La'Terrius CampbellPosted
  • Posts 154
  • Votes 19

I’ve been hearing about a down payment assistance program. I was wondering if any of you ever did that to buy your properties? And who did you use?

Post: Down Payment Assistance

La'Terrius CampbellPosted
  • Posts 154
  • Votes 19

Hey, I’ve been hearing about a down payment assistance program. I was wondering if any of you all did that to buy a property?

Post: Quit Claim Deed Question

La'Terrius CampbellPosted
  • Posts 154
  • Votes 19

@Bryant Brislin Thank you sir!

Post: Quit Claim Deed Question

La'Terrius CampbellPosted
  • Posts 154
  • Votes 19

@Jason Marino Thank you!