Millionaire in the Making – Jack Aikin

Dear Barbara,

Thank you for all your help, advice, and guidance as my mentor.  I secured a 2 BR / 1 bath bungalow with a basement in a transitional area here in Indianapolis.  I purchased the home, valued at $99,000 for the following terms:

Purchase price: $85,000 (zero down)

Monthly payment: $657    $500  (all equity) + taxes of $167

Term: 3 yrs w option for a second 3 year term.

I advertised on Craigslist for a Rent-to-Own deal and secured an agreement for a 3 yr option with option for another 3 yr at $94,999.

Downpayment: $7,000

Monthly Payment: $750

Overview:  If the buyer goes both three yr terms the results would be:

Payoff  (Purchase price – pay down)  Profit

$87,999 – $49,000                               $38,999

Monthly Cash Flow x 72 months      $6,984

Total:                                                          $45,983

Thanks to Ron’s system and Barbara’s guidance in helping make this possible.

Jack Aikin

Indianapolis, In