All Forum Posts by: Teresia M.

Hi Jason

My call center Joint Heirs Cloud Contact can handle that for you.  We we are experienced in dealing with real estate investing yellow letters and postcard campaigns.  We can help you to pre-qualify the owners’ motivation to sell, & schedule time(s) for you to visit the property in person.

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Hi Dana,

My call center, Joint Heirs Cloud Contact, can help you. We can help you find property deals that fit your investment criteria, and to pre-qualify the owners’ motivation to sell, & scheduling time(s) for you to visit the property in person, using proven methods that get results.  Let's us help you. PM and lets talk. 

Rental ready..Great cash flow and ROI. Home is located on 2 acre lot in Fayetteville, NC very close to Fort Bragg. 4 bed 2 bath 1900 SqFt. Est rent of $1325 per month. Home was built in 2000. If you are interested or have more questions please PM me directly:

$158,000 Sale Price (average price in the area from other providers in the $190k-$250k range)

$1325 Estimated monthly rent

942.46 PITI ( 4.10% IR, 30yr loan with 20% down + $5k est closing cost )

$92.75 monthly mgnt fee

$62.50 monthly repair allowance

$39.75 monthly vacancy allowance

$117.54 Monthly positive cash flow

13% ROI

$83.00 Price per SqFt

Rental ready..Great cash flow and ROI. Home is located on 2 acre lot in Fayetteville, NC very close to Fort Bragg. 4 bed 2 bath 1900 SqFt. Est rent of $1325 per month. Home was built in 2000. If you are interested or have more questions please PM me directly:

$158,000 Sale Price (average price in the area from other providers in the $190k-$250k range)

$1325 Estimated monthly rent

942.46 PITI ( 4.10% IR, 30yr loan with 20% down + $5k est closing cost )

$92.75 monthly mgnt fee

$62.50 monthly repair allowance

$39.75 monthly vacancy allowance

$117.54 Monthly positive cash flow

13% ROI

$83.00 Price per SqFt

Thank you everyone for the input.  I looked at lease option and sub 2.  I am in talks with the homeowner and will keep you posted. 

Oh I forgot to mention that the house has a VA loan and the owner is a bit leery creative financing. I just did some quick research on lease options still not sure how they work. Can anybody share their experiences and enlighten me on how the process works ?

Thank you all for the quick response.  They have been renting the house, not sure as to why they don't want to continue.  The house sits on 2 acres of land and is surrounded by woods and there is a subdivision about 15 minutes away and the houses in the area are selling for approximately 100 sqft.  Lease option sounds like a good plan

I received a call from a motivated home owner who has a house in NC.  They have been trying to sell for five years and had it listed with two different real estate agents.  They had it under contract at one time and the buyer backed out.  They've had the price dropped from 190k to 170k.  They say they just want out from under the mortgage payment which is 909.00 per month.  It's 4 beds, 2 baths and 1900 sqft. The house is still listed but, is not selling.  I'd like to get the house on terms just not sure what to offer.  Anybody have any ideas?

I was listening to podcast #70 about subject 2 and seller financing.  I have a few potential deals with me as the buyer and seller financing.  I want to hold off payment for 60 days til I find a buyer and then start making and receiving payments.

@Grant Kemp mentioned paying a minimum option fee of $10 for 60 days to find a new buyer to contract in the podcast. How do you add that option to a purchase contract and what is better a land contract/ installment contract where a dollar for dollar is subtracted from principal or a standard mortgage agreement PITI? Please explain.

My deals seller financed would look like this as an example

85,000 Seller asking price 

1,000 down payment  

3-6% interest for 360 months

then I would resale

85,000-95,000

5,000-10,000 down

6-8% interest for 360 months

I hope this makes sense.  Thanks in advance for responding.

Brian you mention above you would look strongly a an installment sales contract...I've read where you wrote this in other posts.  Please explain installment sales contract and how that works.  I have 13 potential seller financing deals and am interested in the installment sales contract and where would I get one.  Thanks in advance.