Wednesday, January 7, 2009

Financially Independent in Less Than 7 years

Rent To Own:

The first step is to do something. You can not wait for everything to be "right". There will always be obstacles and reasons not to invest. It will never be just right and you will make mistakes, the important part is to get started and learn as you grow.

Home One $150,000 Home purchase at 85% of value and put 10% Down or $12,750=$114,750 Mortgage
This should run you about 10k-12k per year in mortgage, taxes, vacancies and misc.

Make sure the home can rent for at least$1,200-$1,500 per month.

Also get at least $3,000 as an up front option downpayment on each home and have a monthly positive cash flow of at least $200. This is easily accomplished because the tenant/buyer has a vested interest in buying the home. You can charge top of the market rents and then use a portion of the money for the down payment option. Make it so attractive that the tenants would not want to walk away from the credit to use toward the downpayment. If they do not buy you get to keep the option money.

Rent to Own the home on a 24 month option. Increase the sale price of the property by 3% yearly (inflation) to resell that property at $159,135

Gross Profit of $31,635 + $3,000 option + monthly positive cash flow


Reinvest the profit, through a tax deferred 1031 exchange, into 2-3 other properties and repeat.

What’s keeping people from investing in residential real estate? Based on a recent investor survey, the main reasons are: securing financing for rental properties; finding the time to invest; fear or lack of knowledge; and locating good deals.


Let me put my expertise to work for you! If you would like more info please email me, I can only take on 4 investors for the upcoming months so do not delay.

1 comment:

  1. Hello Everybody,
    My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com

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