On this episode we go over a great example on what to do with leads with slim margins.

Here are the details-

ARV 150K. 146K Owed, behind on payments. 2bed 1 bath 4.5% int. 1180/month PITI. Rents 1000/month. Could be converted to 3-4 beds. Seller needs 2K to move. How do you structure terms? Things to consider; condition of home, layout, market rents. Is the location good?

Options for exit strategy

1. Sell to owner Occ as is and assign contract- give 1K down, 7-10yrs. Leave VA 
2. Create 4 bed and hold as a rental with 10K invested for a cash on cash return of about 24%.

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.