Hi Cyndy and Tom,
We wanted to share our latest deal–we are going to be making $100,000!!!
ARV: $200,000
Purchase Price from HUD: $100,821
Private money loan at 10%: $130,000
Collect at closing: $29,179
Repairs: $10,000
Sell on lease-option: $199,900
Collect Down Payment: $25,000
Monthly payment on $130k: $1,083
Monthly payment on lease-option: $1,500
Monthly spread is $417 x 24 months: $10,008
Cash out: $174,900
Loan: $130,000
Collect on back end: $44,900
Cash at closing: $29,179
Down payment: $25,000
Monthly spread: $10,008
Collect on back end: $44,900
Total: $109,087
Less repairs: $10,000
Total Profit is $99,087!
That is a $100,000 doing it Ron’s way!!
Thank you for being awesome mentors!
Eric and Barry Sandhaus
Homes to Own, Apopka, FL
Great deal! Keep it up!
Way to go, guys! -JIMBO
Great work guys, congratulations!
Awesome work! I can’t wait to get my first deal.
Congrats guys…That is Sweeeeet!
Hello Eric & Barry, thanks for the great success story! It is very inspiring and well worth reading. Your $99,087 profit, is really WOW! and the dedication you have is awesome! Keep on investing, moving forward and make us all proud of you and your investing experiences. Take care.